How F3 is Transforming the Filecoin Network

Fast Finality in Filecoin (F3) is coming to the network, speeding up finality on the network by 450X.

The finality period is the amount of time that must elapse before a block is considered completely immutable. With F3, finalization times are reduced from 7.5 hours (900 epochs) to just minutes, improving user experience and opening the door for applications and exchanges to build on the network.

Why F3 Matters

F3 represents one of the network’s biggest storage-retrieval lifecycle improvements, where new onchain storage contracts from other networks can now interface with Filecoin. Thanks to enhanced network efficiency, by reducing confirmation periods for Filecoin storage service events, F3 is a game-changing improvement for Filecoin builders.

The upgrade creates a more responsive environment for builders to develop a wider variety of applications that require low latency, L2 subnets such as Interplanetary Consensus (IPC), smart contracts, chain bridges, and more on the network. In addition to speed, F3 and its implementation GossiPBFT provide additional layers of resilience.

What’s Next?

The implementation of NV23 enables passive testing of F3 on the network, ensuring a full implementation in NV24, coming later this year. 

F3 marks a significant improvement in reducing finality latency and enhancing the usability of the Filecoin network, particularly for applications that demand quick and reliable finality, making the future of Filecoin fast, secure, and accessible to a wider range of applications than ever before.

Thanks to FilOz, ConsensusLab, CryptoNet, and all of the teams supporting the development of F3 and fostering support for tools and infrastructure to help make the Filecoin network the foremost decentralized solution for the data economy! 

Dive deeper into how F3 works on our blog.

Network News 

How decentralized AI and data storage are building trust in AI models. For AI models, data is fuel. And, for AI developers, researchers, and individuals, data is a vital asset. Explore how the Filecoin ecosystem creates a more open AI infrastructure by leveraging the benefits of decentralized data storage and computation. 

Dive into the first post in our Developer Grants Updates series. This year, Filecoin Foundation received proposals that demonstrated impressive innovation across the community. Learn more about some of the projects we’re supporting through grants.

Ushahidi's Election Data Resilience Initiative is now stored on Filecoin. A project by Ushahidi and Filecoin Foundation for the Decentralized Web (FFDW), the Election Data Resilience Initiative aims to establish a secure repository of historical election data, ensuring accuracy and integrity over time. Access to this data gives researchers, policymakers, and the public reliable information for better decision-making. Read more. 

Build With Us

Join the Filecoin community on Sept. 2 at FIL Seoul and hear from FF’s Clara Tsao, along with FilOz’s Molly Mackinlay, Parasail Network’s Sylvan Zhang, and more. 

FIL Singapore: Web3 Wonderland, hosted by MetaPals and supported by Filecoin Foundation is taking place alongside TOKEN2049 on Sept. 20, bringing together some of the sharpest minds and most innovative projects across Web3 and AI. Reserve your spot! 

Dive into decentralized AI infrastructure, DePIN, and the data economy with the Filecoin community in Bangkok, ahead of Devcon, Nov. 6-8. Set in the heart of Thailand, Filecoin Foundation will have dynamic programming, major announcements, and networking opportunities. Seize this opportunity to help shape the future of Filecoin and contribute to the next chapter of a better internet. 

• Nov. 6-8: FIL Bangkok Network Base with FIL Dev Summit at Gaysorn Urban Resort is your home base in Bangkok to expand your network and deepen connections. FIL Dev Summit is a gathering of developers, builders, and engaged community members who want to contribute to the core protocol and network evolution of Filecoin. The summit is a place for meaningful and impactful conversations that help push Filecoin forward. Register today for early bird pricing.

• Nov. 11: FIL Bangkok Main Stage: DePIN Meets AI, at Samyan Mitrtownis, is your gateway to the latest advancements in L2 solutions built on Filecoin, key network upgrades, and the Filecoin network trajectory. Apply to attend - space is limited.

Ecosystem Spotlight 

Bagel Network 

Bagel is a machine learning and cryptography research lab building a credibly neutral, peer-to-peer machine learning ecosystem.

Check out FF’s recent collaboration with Bagel to enable AI developers to train and store their models using the compute and storage power of Filecoin.

Governance 

FIP0081: Introduce lower bound for sector initial pledge is in Last Call. Read more and join the discussion on GitHub. 

The next Community Governance Call has been moved to September 9. Add the calendar to get up-to-date information regarding future calls. 

Rolling allocator applications are open for submissions. Allocators are a core part of the Fil+ program and help incentivize the storage of useful data on the Filecoin network. Allocators designing new pathways, such as those listed in the Request for Allocators (RFA), are receiving priority review.