Bitcoin

Filecoin storage exceeds 1 billion GB when wFIL is launched for use in the DeFi ecosystem

Cryptocurrency infrastructure provider Anchorage and Tokensoft have teamed up to “package” FIL, the native token of the decentralized file storage network FIlecoin, for use in Ethereum.

The companies announced wFIL on November 23rd and promoted its use in decentralized financial applications such as Compound, Maker and Uniswap.. Colin Evra, Head of Filecoin Ecosystem, stated:

“Wrapped Filecoin will enable some really creative DeFi products that are tremendous opportunities for Filecoin miners and storage users.”

The news came on the same day as Filecoin announced that the storage capacity provided by its global mining community has exceeded one exbibyte, which is more than a billion gigabytes..

Filecoin storage exceeds 1 billion GB when wFIL is launched for use in the DeFi ecosystem
Filecoin storage exceeds 1 billion GB when wFIL is launched for use in the DeFi ecosystem

According to him display, The capacity of Filecoin could store 4,500 wikipedias, 290 million films in 1080p quality and 19 copies of the entire internet archive.

Filecoin is a trusted, decentralized storage network that incentivizes miners to provide storage on the network. The network hopes to attract developers and websites who will pay FIL in exchange for accessing Filecoin storage or hosted data..

With Filecoin’s Discover function, miners can select data sets from literature, science, art and history in order to mobilize unused storage space for hosting and make them accessible to the public.. The datasets include the Berkeley Self-Driving Data, a copy of the Wikipedia database, and The International Genome Sample Resource’s 1000 Genomes Project.

The team describes the milestone as “solidifying FIlecoin’s position as a legitimate challenge for the cloud storage giants. like AWS [Amazon Web Services], Google Cloud and Dropbox. “Colin Evra stated:

“Our goal was to build an Alexandria library for the most precious knowledge of humanity that could never be burned. […] Filecoin’s mission to create a decentralized, efficient and robust foundation for human information is now a reality. “

November 24th Filecoin also announced that it has partnered with the Huobi crypto exchange to open the Huobi Filecoin Incubation Center. The centerBacked by a $ 10 million fund, will focus on blockchain incubation, investing and community development.

Filecoin currently has more than 670 active miners and more than 90 organizations based on its network.

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