Journalist
Posted:
- Solana would use Filecoin to make its block history more accessible to users.
- SOL fell 3.55% in the past 24 hours.
In an effort to improve the security and accessibility of its blockchain data, Solana [SOL]a smart contracts network, has forged a major partnership with decentralized storage network Filecoin [FIL].
Solana integrates Filecoin
The integration marked a significant move away from centralized storage solutions and a growing preference for blockchain-based storage media.
Filecoin provided further details on the partnership, saying:
“Solana uses Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone who needs historical access.”
Solana co-founder Anatoly Yakovenko responded enthusiastic to the development and thanked the stakeholders for their contribution to realizing the integration.
Instead of relying on a single server under the control of a centralized entity, data on decentralized storage solutions is stored on different nodes in a network.
The importance of integration
As we know, Solana processes a large number of transactions every day, and the size of the blockchain has grown rapidly in recent years.
An X user (formerly Twitter), Mikko Ohtamaa, estimated Solana’s entire blockchain history at a whopping 200 terabytes (TB). Please note that AMBCrypto was unable to independently verify this data.
SOL returns in a bull rally
How much are 1,10,100 SOLs worth today?
SOL reached its yearly high of $116 on February 15, fueled by a general bullish sentiment in the market as well as some moves specific to the Solana ecosystem.
However, the rise was halted when impatient traders decided to take profits, sending the SOL down to $108.
Despite the apparent positive sentiment, futures market traders opened more bearish positions for SOL, AMBCrypto’s analysis of Coinglass data showed.
Source: Coinglass