Filecoin (FIL) NV23 ‘Waffle’ Upgrade Overview 🚀
Filecoin (FIL) is gearing up for the launch of its latest network upgrade, NV23, known as ‘Waffle,’ scheduled for August 6, 2024. This upgrade is designed to boost the network’s performance and expand its integration with the wider blockchain ecosystem, as per Filecoin.
Key Features of the NV23 Upgrade
The NV23 upgrade brings several significant Filecoin Improvement Proposals (FIPs) to the table:
- Soft Launch of Fast Finality (F3) – FIP-00086: Allows passive F3 testing on the mainnet, paving the way for faster finality in future upgrades, with a potential full rollout in NV24.
- Support for Legacy Ethereum Transactions – FIP-0091: Includes compatibility for Homestead and EIP-155 Ethereum transactions, easing use of Ethereum tools and wallets, enhancing onboarding for Ethereum users, and improving interoperability with the Ethereum ecosystem.
- Non-Interactive Proof of Replication (NI-PoRep) – FIP-0092: Introduces a key change to the sector sealing process by separating sealing from storage tasks, enabling independent execution. This feature allows for early sealing in regions with lower energy costs and provides storage providers with control over scheduling their sectors for window post deadlines.
Impact of the NV23 Upgrade on Filecoin Network
The NV23 update is poised to deliver several benefits to the Filecoin network:
- Enhanced Performance: NI-PoRep makes adding storage easier and more cost-effective, potentially speeding up network growth.
- Broader Ecosystem Integration: Support for legacy Ethereum transactions unlocks new cross-chain application opportunities.
- Quicker, More Efficient Network: The soft launch of F3 marks a significant step towards reducing transaction confirmation times substantially.
New Collaborations Announcement
Filecoin has also revealed several major collaborations aimed at revolutionizing AI data storage and advancing decentralized AI technology:
Filecoin and SingularityNET Collaborate for AI Data Storage Transformation
Filecoin and SingularityNET are teaming up to reshape AI data storage, ensuring secure and verifiable model training. This partnership strives to promote ethical AI practices and solidify Filecoin’s role as a foundational pillar for decentralized AI infrastructure. More details can be found in a CoinTelegraph feature.
Leading AI Projects Select Filecoin as DePIN Backbone
At FIL Brussels, in conjunction with EthCC, the Filecoin Foundation announced strategic partnerships with top AI organizations, including SingularityNET, Theoriq, Bagel, and Nuklai. These collaborations underscore Filecoin’s crucial role as the decentralized infrastructure (DePIN) backbone for advancements in AI. Read more on the FF blog.
Nuklai and Filecoin Foundation Collaborate for Global Data Archiving
Nuklai and the Filecoin Foundation are joining forces to archive global data, leveraging Filecoin’s decentralized storage network to create a robust and secure solution for long-term data preservation. Additional details are available on the Nuklai blog.
DeStor Launches Decentralized Storage Marketplace
DeStor has rolled out DeStor.com, a decentralized storage marketplace offering secure, scalable, and cost-effective data management solutions for enterprises. The collaboration with Intuizi, a leader in geospatial computing, highlights DeStor’s role in driving the adoption of decentralized technologies for enterprise buyers. Read the full announcement.
FILLiquid’s Mainnet Goes Live
FILLiquid has introduced its innovative service for FIL token holders, providing the benefits of earning rewards without compromising liquidity. Users can earn returns on their FIL tokens while still having the flexibility to use them in other DeFi activities. Stay updated on the latest developments by visiting their Twitter.
Events Update
Filecoin Ecosystem Roundup: June 2024 Highlights
Dive into the June 2024 Filecoin Ecosystem Roundup to stay abreast of the latest breakthroughs and innovations within the Filecoin community. Hosted by Emily Vaughan, this session features updates from various ecosystem projects and a sneak peek into upcoming events. Watch the full recording to know more.
Hot Take: Embrace the Future of Filecoin 🔥
With upcoming upgrades like NV23 ‘Waffle,’ Filecoin continues to enhance its network capabilities, foster collaboration across industries, and pave the way for a decentralized future. Stay tuned for more exciting developments as Filecoin revolutionizes data storage and AI technology.
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