Solana taps Filecoin for enhanced decentralized data storage and access

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Filecoin announced on Friday that it has integrated with Solana to enhance the reliability and scalability of the Solana blockchain. As part of the partnership, Solana will leverage Filecoin’s infrastructure to improve data redundancy, scalability, and security while reinforcing Solana’s commitment to decentralization.

In a post on X, Filecoin highlighted the importance of this partnership, noting:

“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.”

Filecoin, often described as an “Airbnb for files,” is a decentralized storage service aimed at safeguarding humanity’s most crucial data. Unlike traditional data storage systems, decentralized storage solutions like Filecoin offer more secure, resilient, and cost-effective storage options. These networks not only democratize data storage, allowing a broader range of businesses to participate in the data economy but also significantly reduce the costs associated with data storage.

The integration with Solana is part of Filecoin’s broader initiative to expand its footprint in the blockchain space. The firm has already established key partnerships with giants, including Google Cloud, to promote decentralized storage as a foundational layer of the blockchain industry.

The Solana blockchain has recently caused controversies surrounding its decentralization credentials, particularly following its five-hour outage earlier this month due to a bug-induced infinite loop. This incident stalled validators at a specific block, reminiscent of nearly two-day downtime in April 2023.

According to the latest update, the Solana team deployed a fix, addressing the bug and preventing such loops. Validators were informed to upgrade to the latest software to avoid losing delegation status on the Solana blockchain. Despite the pause, the Solana’s token (SOL) maintained their value. At the time of writing, SOL is trading around $112, up almost 3% in the last 24 hours, according to data from TradingView.

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