Filecoin Lotus v1.20.0 Release Brings Programmability to The Network
It is reported that Filecoin Lotus v1.20.0 has been released. The Filecoin network will be upgraded to V18 (Hygge Network Upgrade). This network upgrade is man…
It is reported that Filecoin Lotus v1.20.0 has been released. The Filecoin network will be upgraded to V18 (Hygge Network Upgrade). This network upgrade is mandatory. The core of the upgrade is the introduction of Milestone 2.1 of Filecoin Virtual Machine (FVM), which will make it possible to deploy EVM-compatible smart contracts on the Filecoin network. This upgrade will provide users with programmability for the first time for the Filecoin network.
Filecoin main network will be upgraded to V18 on March 14
Interpret the above information:
A new era for Filecoin, a decentralized storage and data retrieval network, has dawned with the recent announcement of the Lotus v1.20.0 release. The exciting news among the latest updates is that the Filecoin network will be upgraded to V18 (Hygge Network Upgrade), and this network upgrade is mandatory. The core of the upgrade is the introduction of Milestone 2.1 of Filecoin Virtual Machine (FVM), which will enable the deployment of EVM-compatible smart contracts on the network. This upgrade will provide users with programmability for the first time on the Filecoin network.
Filecoin’s programmability feature is a significant milestone for its users, as it opens up endless possibilities for developing new applications and services. The Filecoin Virtual Machine is instrumental in allowing developers to create EVM-compatible dApps and contracts with the Solidity language, ETH’s development language – this was previously not possible on the Filecoin network. Since launching in October 2020, the Filecoin network has been criticized for the lack of a smart contract framework. This upgrade will address that criticism and enhance the network’s capabilities significantly.
This upgrade will provide Filecoin with more opportunities and integrations with the Ethereum ecosystem. The availability of smart contracts on the Filecoin network means developers can leverage new applications and services that span beyond storage and retrieval. This could potentially lead to increased adoption of the blockchain as a whole. Additionally, the integration with Ethereum could provide shared network security benefits to filecoin, allowing developers to create more secure applications and services.
It is crucial to note that this network upgrade is mandatory and will affect all participants in the network. Therefore, users must upgrade to the latest release of the Lotus client (v1.20), which includes the upgrade’s new features and improvements. Failure to upgrade could result in loss of mining power and may cause other network effects.
In conclusion, the introduction of smart contracts on the Filecoin network is a significant milestone and a significant upgrade that will provide many opportunities for innovation and growth. The upgrade’s success will depend on how well users adapt to the new features, and it is essential to upgrade to the latest version of Lotus immediately. The Filecoin ecosystem will continue to evolve to meet new challenges, and this upgrade is a crucial step in the network’s development.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/4097.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Centrifuge proposes to introduce real world assets into Aave
It is reported that Centrifuge, a decentralized lending agreement, proposed to introduce real world assets (RWAs) into Aave in the Aave community and use them …
-
French police arrest suspects supporting DeFi platform Platypus
It is reported that according to a tweet from the French police department, two people suspected of supporting the DeFi agreement Platypus have been arrested. …
-
What Does “High Liquidity Of” Mean? (What are the high liquidity PP?)
What does \”High Liquidity Of\” mean? \”High Liquidity Of\” (High Liquidity of O pe
-
What is the Double Flower Problem
What is the Double Flower Problem? An important issue in blockchain networks is the privacy of data. On the Bitcoin network, when a user sends a transaction, they need to use a specific address for payment; The same applies to other networks and nodes – only these exchanges charge them fees. Therefore, since there is no separate wallet to handle the payment, this brings an “unsafe” Double-spending method And this solution is the double flower problem. The double flower problem is an attack against Cryptocurrency. It can transfer users’ digital assets from another account to another wallet, allowing hackers to control their funds and gain profits. (CryptoNewsFlash) What does the dual flower problem meanAccording to Coincryptorama, a new type of “dual flower” problem has emerged on Ethereum network. Because the transaction information in the block is the same or similar, two nodes can share the block data and the other node cannot access its Cryptocurrency. When users want to transfer…
-
Investor Files Class Action against BlockFi, Founder, Directors, and Gemini
On March 2, an investor who was frozen nearly US $2 million in BlockFi, a bankrupt cryptocurrency lending institution, filed a class action against its founder…
-
Proposed Bail Modification for SBF: Implications and Possible Consequences
It is reported that the United States prosecutor proposed to modify the conditions of SBF\’s bail, saying that SBF\’s behavior showed that the existing condition…
-
Understanding the Filecoin Foundation’s Rejection of FIP-0056
According to reports, the Filecoin Foundation stated on social media that after a period of extensive community feedback and deliberation, the FIP-0056 proposal
-
Artifact Labs and RMS Titanic collaborate to launch NFT series and community governance
On February 22, Artifact Labs, a virtual asset management company approved by the Hong Kong Securities Regulatory Commission, announced a cooperation with RMS …
-
What is btcv mining (btc s mining)?
What is btcv mining? The Bitcoin blockchain is achieved through a hash function
-
The US SEC has imposed a fine of nearly $4 million on Coinme and related defendants
According to reports, the US Securities and Exchange Commission has imposed a fine of nearly $4 million on Coinme and related defendants based in Seattle. The SEC stated that Coinm