Filecoin was an early coin issuing star raising around $200 million in a CoinList-hosted token offering back in 2017. In the past years, the company has periodically issued updates on its progress in creating the world’s largest decentralized storage network. Today, Filecoin is once again updating its status stating it has “achieved its first milestone in introducing its Filecoin Virtual Machine (FVM) by introducing a non-programmable WASM-based FVM.
Filecoin reports that “any node operator can sync the Filecoin Mainnet using the FVM and Rust built-in actors, integrated in lotus, venus, forest, and fuhon implementations. Mainnet has switched from the legacy VMs to the WASM-based reference FVM.”
FVM expects to be introduced incrementally to mitigate any potential network disruption.
Upon completed Filecoin expects to enable “programmable storage primitives (such as storage bounties, auctions, and more), to cross-chain interoperability bridges (such as, trustlessly connecting Filecoin with Ethereum, Solana, NEAR, and more), to data-centric Decentralized Autonomous Organizations (DAOs), to Layer 2 solutions (such as reputation systems, data availability sampling, computation fabrics, and incentive-aligned Content Delivery Networks), and more.”
Data on Filecoin storage may be viewed here.