Filecoin (FIL) announced that it has integrated with Solana. According to the official statement, this collaboration aims to increase the reliability and scalability of the Solana blockchain by leveraging Filecoin's decentralized storage capabilities.
According to the statement, Solana plans to use Filecoin to make block history more accessible and usable. This will benefit infrastructure providers, researchers, indexers, and all users who need access to history.
The integration is expected to provide data redundancy, scalability and enhanced security, and is, according to their own statements, compatible with Solana's commitment to decentralized principles.
“Solana's integration with Filecoin is a significant move away from centralized storage solutions and a notable step towards improving the reliability and scalability of the Solana blockchain,” the official Filecoin X account said.
Filecoin cryptocurrency developers also added:
“This collaboration demonstrates the power of blockchain networks to create more robust and resilient ecosystems for the benefit of users and developers.”
Filecoin, which once climbed to 237 dollars with a market value of around 11 billion dollars, is traded at 6.28 dollars with a market value of 3.2 billion dollars at the time of writing, as the number of coins in circulation increased.
*This is not investment advice.