Filecoin has reached another milestone by launching its cloud service called Filecoin Web Services. This is an open-source service that is similar to Amazon’s AWS, Google’s GCP, and Microsoft’s Azure. The new service “leverages the potential of Filecoin, the world’s largest decentralized storage network”.
Filecoin is a decentralized storage network and cryptocurrency created by Protocol Labs. It uses a consensus mechanism called Proof of Spacetime (PoSt) to ensure that storage providers are storing the files they claim to be storing.
Users can use Filecoin to store and retrieve files from the network and can pay for storage using the Filecoin cryptocurrency. Filecoin aims to create a decentralized, open market for storage, providing a more secure and efficient way to store data than traditional, centralized storage solutions.
Filecoin said that one of its goals is to access the benefits of cloud-level DX. Cloud-level DX is a situation where an organization’s information technology (IT) infrastructure is moved to the cloud while retaining transparency with open-source incentivization provided by decentralized networks.
Some of the components of the service that developers and companies can use to create dApps include computing, storage, and networking resources.
Technical elements of FWS
A breakdown of the stack for FWS revealed the following components:
- Estuary – Estuary is a Filecoin storage node that is easily deployable and manageable, as well as a dashboard for monitoring and managing storage deals. It also offers developer tools and APIs, such as the Estuary API and Estuary SDK.
- Delta Technology Stack – The Delta Technology Stack is a suite of tools for creating and managing Filecoin storage network deals, including Deal Making Engine, Dataset Manager, and Edge-UR Gateway.
- Ptolemy – Ptolemy is an orchestration engine designed to process large datasets in S3 buckets or contiguous filesystems, reducing data preparation for storage providers and end users.
Filecoin also added that they have a few organizations already using its platform such as Radiant Earth, a company that is driven to develop standards around machine learning on EO (Earth Observation); SUCHO, an organization made of volunteers globally who work to digitize and safeguard Ukraine’s cultural heritage; and Encloud that builds data security solutions.