.Filecoin said at FILSingapore that it saw a nearly sevenfold growth of data suppliers on its burgeoning network since the start of 2022. By shauryamalwa
Decentralized filesharing protocol Filecoin saw a nearly sevenfold growth of data suppliers since the start of 2022, ahead of plans for a major upgrade in early 2023.
Filecoin is a cryptocurrency that enables users to buy and sell computer storage on a system for decentralized storage of data and files. The latter is said to help support a truly decentralized ecosystem, where blockchain data itself is stored on networks such as Filecoin, instead of centralized providers such as Amazon Web Services .
Such reported growth comes ahead of the launch of the Filecoin Virtual Machine , slated for an early 2023 release. FVM is a software platform, or “virtual computer,” that would be used by developers to create decentralized applications based on the Filecoin network.
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