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Filecoin Decentralized Storage Joins the Bitcoin Virtual Machine RaaS Studio

Twitter icon  •  Published 2 months ago  •  Hassan Maishera

The Filecoin team announced via X on Tuesday that the Filecoin Decentralized storage is now part of the Bitcoin Virtual Machine RaaS Studio.

The Filecoin team announced via X on Tuesday that the Filecoin Decentralized storage is now part of the Bitcoin Virtual Machine RaaS Studio. The Bitcoin Virtual Machine (BVM) RaaS Studio is a no-code platform for deploying Bitcoin rollups. 

This integration boosts scalability for Bitcoin and L2s on BVM with Filecoin's flexible storage solution. ilecoin's integration with BVMnetwork's RaaS Studio enhances scalability and storage for Bitcoin rollups.

Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL has added more than 2% to its value over the past 24 hours and is currently trading at $3.530.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.