Filecoin is pleased to announce its groundbreaking partnership with Avalanche, aimed at optimizing smart contract handling and data storage. Avalanche ($AVAX) strives to infuse high-performance blockchain along with verifiable data storage. Through this strategic move, Avalanche developers can leverage the Filecoin network to offload unused on-chain data.
Through this hybrid solution, app responsiveness is maintained via Avalanche. This solution integrates into the cryptographic proof-based storage of Filecoin while leveraging its capabilities. Filecoin, a blockchain network for decentralized storage, witnesses this news via its official X account. The other partner, Avalanche, is a platform for high-speed smart contracts.
Filecoin to Empower Avalanche Smart Contracts by Introducing Decentralized Storage
The large volume of data can be stored on the Smart Contracts of Avalanche, moving it to Filecoin’s decentralized storage network. This data is stored in Avalanche’s Smart Contracts, taking care of performance and trust. Developers now do not use Avalanche’s bloated base layer for excessive data storage. Instead, they now store their excessive information on Filecoin without the on-chain access requirement.
This strategic step can help to keep applications fast and lightweight. At the same time, Filecoin takes the guarantee of storing data to remain secure, verifiable, and immutable via cryptographic proofs.
Filecoin and Avalanche to Utilize Off-Chain Reliability to Improve Web3 Performance
Filecoin and Avalanche, by collaborating with each other, aim to represent Web3 development and its growing trend. The alliance takes advantage of various blockchain protocols, enhancing partners’ scalability, efficiency, and decentralization. Avalanche provides the execution of high-throughput smart contracts, and Filecoin empowers the data layer. With these advancements, the developers can now get the best from both platforms.
With the growing complexity of decentralized applications and data intensity, these types of solutions can ensure the accomplishment of user demand. Through this groundbreaking step, Avalanche and Filecoin are both committed to creating a more interconnected and modular Web3 ecosystem.
