February 2024: Transaction Archive Data More Open to Web3 Infrastructure Providers Via FIL and SOL Alliance

1 min read


Decentralized file storage system Filecoin (FIL) is partnering with smart contract platform Solana (SOL) for decentralized blockchain storage solutions. In the story below, journalist Mehron Rokhy offers information on this new partnership.

Peer-to-peer file storage network Filecoin (FIL) is collaborating with smart contract platform Solana (SOL) for decentralized blockchain storage solutions.

In a new thread on the social media platform X, the team behind Filecoin says that integrating with Solana will greatly enhance the Ethereum (ETH) rival’s capabilities as well as advance the concept of decentralized storage.

“Solana’s integration with Filecoin is a significant move away from centralized storage solutions and a remarkable step towards enhancing the reliability and scalability of the Solana blockchain.

Solana is utilizing Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone needing historical access.

By leveraging Filecoin’s decentralized storage capabilities, Solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos. This collaboration showcases the power of blockchain networks to create more robust and resilient ecosystems for the benefit of users and developers.”

In a separate post, Solana founder Anatoly Yakovenko says remote procedure call (RPC) service Triton One played a big role in making the partnership possible.

“I am really excited to see this launch. Huge thanks to Filecoin for building an awesome decentralized archive layer.

And to Triton One, who did a ton of work to ship this.”

FIL is trading for $6.24 at time of writing, an 8.54% gain during the last 24 hours while SOL is worth $108.82 at time of writing, a marginal decrease during the same time frame.

Generated Image: Midjourney

Via this site