Blockchain giant Filecoin has launched on mainnet, the Filecoin Virtual Machine, a new upgrade that will allow the network to support smart contracts and user programmability.
According to the announcement made on March 14th, the Filecoin Virtual Machine mainnet launch is geared towards unlocking the enormous potential of an open data economy. Described as “a landmark milestone in Filecoin’s larger roadmap”, the new launch will bring open access and public verifiability, to the three key arms of the data economy which are, (storage, computing, and content delivery.
The launch is also said to be the final step, in a Filecoin Masterplan, that aims to bring large-scale computation to Filecoin’s network, as well as the ability to power web-scale apps.
Aside from bringing closer a more resilient, accessible, and decentralized cloud, the launch of FVM will also bring opportunities to reward indvivdual contributors to Filcoin’s data economy which includes a plethora of thousands of developers, storage providers, entrepreneurs, and other network participants from all…