Filecoin becomes a blockchain platform compatible with Ethereum apps
Decentralized storage platform Filecoin has implemented its own virtual machine, enabling it to support smart contracts — opening it up to the world of decentralized applications, NFTs, liquid staking and more. The network has always been designed to provide file storage in a decentralized manner — but now that it has launched its Filecoin Virtual Machine.
Filecoin’s virtual machine will give it the same capabilities as Ethereum, enabling anyone to build any kind of decentralized application on the network. It will also be able to support bridges to other blockchains and connect more closely to the rest of the crypto ecosystem. Bresser noted that SushiSwap, Axelar and Celer are all integrating with Filecoin. Applications built on Filecoin will enhance its primary purpose of providing decentralized file storage. Files stored on the network are typically stored for around 18 months before someone needs to manually request the network.
Source
https://t.me/Bitcoin_NewsTg
