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Filecoin to Launch Smart Contract in March

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On February 17, according to the tweet of \”HQHan. eth\”, the head of ecological growth of Filecoin, the decentralized storage project Filecoin will launch a sma…

Filecoin to Launch Smart Contract in March

On February 17, according to the tweet of “HQHan. eth”, the head of ecological growth of Filecoin, the decentralized storage project Filecoin will launch a smart contract in March, making it a mature L1. It is reported that FVM can bring smart contract function to Filecoin. Filecoin also forwarded and confirmed the time.

Filecoin will launch smart contract in March

Interpretation of the news:


Filecoin, the decentralized storage project, is set to launch a smart contract in March 2021, according to a tweet by “HQHan. eth,” the head of ecological growth of Filecoin. The smart contract will make Filecoin a mature L1, also known as layer one, which is a blockchain protocol that is capable of operating independently without relying on other blockchains.

This announcement is significant for Filecoin as it will allow for the creation of custom functionalities and logic within the network. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into code, which reduces the need for intermediaries and increases transparency. It enables developers to build applications on top of a blockchain, which can automate complex processes and transactions.

The addition of smart contract functionality to Filecoin will be made possible by FVM or Filecoin Virtual Machine, which is a lightweight, stack-based virtual machine designed specifically for Filecoin. FVM will allow developers to write and execute smart contracts on the Filecoin network, making it a more attractive option for decentralized application (dApp) developers.

The tweet by “HQHan. eth” also confirms that Filecoin itself has forwarded and confirmed the time of the smart contract launch, which indicates that it is indeed going to happen. This means that Filecoin is making steady progress towards becoming a mature L1 blockchain protocol that can attract more developers and users to its network.

In conclusion, the launch of Filecoin’s smart contract in March 2021 marks a significant milestone in the project’s development. The addition of smart contract functionality will make Filecoin a more versatile platform for developers to create decentralized applications, and it will reduce the need for intermediaries, increasing transparency in transactions.

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