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Cryptocurrency News Articles
Filecoin (FIL) Fact: Over 60 Innovative Teams Are Building in the Filecoin Ecosystem
Oct 18, 2024 at 08:00 pm
With its fast expanding ecosystem, Filecoin is making major progress in the decentralized sector. Currently working on several projects ranging from decentralized storage
As its ecosystem grows rapidly, Filecoin is making significant strides in the decentralized sector.
Currently, there are over 60 innovative teams working on various projects, including decentralized storage, artificial intelligence, DePIN (Decentralized Physical Infrastructure Networks), computing, and DeFi.
These initiatives aim to provide transformative solutions for sectors like data storage, AI, and digital infrastructure, ultimately helping to shape the future of Web3.
#FilecoinFact: Over 60 innovative teams are building in the Filecoin ecosystem, focusing on decentralized Storage, DePIN, AI, Computing, and DeFi. These teams are driving the future of Web3, creating solutions for tomorrow's digital infrastructure. pic.twitter.com/G4USAWlppW
— Filecoin (@Filecoin) October 16, 2024
The rapid expansion of the ecosystem is also evident in other advanced domains, besides distributed storage.
The Filecoin Virtual Machine (FVM), designed to facilitate smart contracts and programmable storage, marks a significant development.
This new capability opens a vast spectrum of opportunities, especially in the AI and DePIN industries, where the demand for more advanced and scalable solutions continues to rise.
FVM expands the possibilities of decentralized computing by allowing developers to create distributed apps that seamlessly interface with Filecoin’s storage capabilities.
Another major turning point for Filecoin is the recent Fast Finality (F3) upgrade.
As reported by CNF, the F3 enhancement drastically reduces Filecoin’s finalizing time from 7.5 hours to just a few minutes.
This development is a game-changer in terms of efficiency and scalability, accelerating the network and enhancing its responsiveness.
The integration of the GossiPBFT protocol further improves the system's speed, security, and responsiveness, enabling Filecoin to cater to a wider range of applications.
Moreover, Filecoin's partnership with Aethir addresses another critical Web3 issue: the scarcity of GPU resources.
As reported earlier, Filecoin is massively scaling up its GPU power by collaborating with Aethir, bolstering its AI and Web3 infrastructure.
This enhancement enables improved data processing and greater capacity for distributed storage.
Where GPU availability often poses a limitation for scalability, the Aethir integration is set to provide Filecoin with a competitive edge in the AI and Web3 ecosystems.
Meanwhile, Filecoin's native token, FIL, is trading at $3.69 at press time, up 5.03% over the past week. This rising trend has brought the market cap closer to $2.2 billion.
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- Rahul calls for real women empowerment
- Oct 19, 2024 at 02:15 am
- ct 18 (UNI) Leader of the Opposition in Lok Sabha Rahul Gandhi on Friday called for real empowerment of women and not mere token representation. He was addressing the meeting of ‘Shakti Abhiyan’, a movement launched by the Indira Fellowship for women empowerment in the country. Participants from 21 states, who were top performers in their respective fields, and who committed to tackling the deep challenges of patriarchy facing women at the grassroots level, participated in today’s deliberations. Addressing the meeting, Rahul emphasised that the struggle in politics today was not just against the traditional opposition parties, but a broader “ideological battle”. He said, "Our fight in politics today is not just for power, but also for representation and they are two sides of the same coin, not as different as some people think." Rahul lauded the bold efforts of the Shakti Abhiyan, which is providing space for women to lead, organize and reshape political discourse in their communities. Shakti Abhiyan, run by Indira Fellowship, is a national initiative aimed at ensuring equal representation of women in Indian politics. The demands of the Shakti Abhiyan include, “Equal Political Representation”, to ensure 50% representation of women in elected offices at all levels. The participants in the session shared their on-the-ground experiences and discussed the challenges of social resistance, lack of resources and patriarchy in the political framework. The national executive meeting of Shakti Abhiyan will continue for the next two days, in which future action strategies will be discussed to expand the movement and strengthen the political participation of women in India. UNI RBE BM