Filecoin (FIL) Network Upgrade NV23 ‘Waffle’: What You Need to Know
By Felix Pinkston | July 28, 2024
Filecoin (FIL) has announced the upcoming NV23 ‘Waffle’ upgrade, set to launch on August 6, 2024. This upgrade is designed to improve network performance and integrate Ethereum transactions, opening up new possibilities for the Filecoin ecosystem.
The Filecoin community is buzzing with excitement as the NV23 upgrade approaches. This upgrade introduces several significant Filecoin Improvement Proposals (FIPs), each bringing unique enhancements to the network:
Key Features of NV23
- Soft Launch of Fast Finality (F3) – FIP-00086: This proposal paves the way for fast finality in future upgrades, enhancing transaction speeds on the network.
- Support for Legacy Ethereum Transactions – FIP-0091: By adding support for Homestead and EIP-155 Ethereum transactions, Filecoin improves compatibility with Ethereum tools and wallets, fostering cross-chain applications.
- Non-Interactive Proof of Replication (NI-PoRep) – FIP-0092: This proposal revolutionizes the sector sealing process, making storage more efficient and cost-effective for network participants.
Impact on the Filecoin Network
The NV23 upgrade promises to bring several benefits to the Filecoin network, including:
- Enhanced Performance: NI-PoRep makes storing data easier and cheaper, driving network growth.
- Broader Ecosystem Integration: Support for Ethereum transactions opens up new possibilities for cross-chain applications.
- Efficient Network Operations: The introduction of F3 sets the stage for faster transaction confirmations, enhancing user experience on the network.
With the launch of NV23, Filecoin users can expect improved capabilities, efficiency, and interoperability with other blockchain networks.
Collaboration Announcements
Filecoin has also revealed key collaborations aimed at revolutionizing AI data storage and advancing decentralized AI technology:
Filecoin and SingularityNET Collaborate for AI Data Storage Transformation
Filecoin’s partnership with SingularityNET aims to revolutionize AI data storage, ensuring secure model training and promoting ethical AI practices.
Leading AI Projects Choose Filecoin for Decentralized AI Infrastructure
Strategic collaborations with leading AI organizations reinforce Filecoin’s role as the backbone for decentralized AI infrastructure, fostering innovation in the AI sector.
Nuklai and Filecoin Foundation Team Up for Global Data Archiving
The collaboration between Nuklai and the Filecoin Foundation aims to archive global data securely using Filecoin’s decentralized storage network.
DeStor Launches Decentralized Storage Marketplace
DeStor introduces a decentralized storage marketplace, offering scalable data management solutions for enterprises in collaboration with Intuizi.
FILLiquid’s Mainnet Goes Live
FILLiquid launches a service for FIL token holders, allowing them to earn rewards while maintaining liquidity for other DeFi activities.
European Orbit Community Meetups
Filecoin community ambassadors host events across Europe, engaging with local communities and showcasing the depth of the Filecoin ecosystem.
DSA Releases New Reference Architecture for Filecoin
The Decentralized Storage Alliance unveils a new storage reference architecture for the Filecoin network, enhancing network resiliency and economic viability for commercial storage loads.
Introducing NFT.Storage On-Chain Endowment
NFT.Storage launches a new product for long-term NFT preservation, leveraging Filecoin’s EVM for secure data storage.
Events
Filecoin Ecosystem Roundup: June 2024 Highlights
Stay informed about the latest updates and breakthroughs in the Filecoin ecosystem by exploring the June 2024 Filecoin Ecosystem Roundup, hosted by Emily Vaughan.
With the upcoming NV23 ‘Waffle’ upgrade and exciting collaborations, Filecoin continues to be at the forefront of innovation in the blockchain and AI space. Stay tuned for more updates on Extreme Investor Network!