Peer-to-peer file storage network Filecoin (FIL) is collaborating with smart contract platform Solana (SOL) for decentralized blockchain storage solutions.
In a new thread on the social media platform X, the team behind Filecoin says that integrating with Solana will greatly enhance the Ethereum (ETH) rival’s capabilities as well as advance the concept of decentralized storage.
“Solana’s integration with Filecoin is a significant move away from centralized storage solutions and a remarkable step towards enhancing the reliability and scalability of the Solana blockchain.
Solana is utilizing Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone needing historical access.
By leveraging Filecoin’s decentralized storage capabilities, Solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos. This collaboration showcases the power of blockchain networks to create more robust and resilient ecosystems for the benefit of users and developers.”
In a separate post, Solana founder Anatoly Yakovenko says remote procedure call (RPC) service Triton One played a big role in making the partnership possible.
“I am really excited to see this launch. Huge thanks to Filecoin for building an awesome decentralized archive layer.
And to Triton One, who did a ton of work to ship this.”
FIL is trading for $6.24 at time of writing, an 8.54% gain during the last 24 hours while SOL is worth $108.82 at time of writing, a marginal decrease during the same time frame.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Filecoin Announces Integration With Solana (SOL) for Decentralized Blockchain Storage Solution appeared first on The Daily Hodl.
