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Unleashing the Power of Decentralized Compute with Filecoin
The Upload V32
In today's digital age, data is the lifeblood of nearly every industry. The demand for computing resources is skyrocketing. And the explosive amount of data produced by artificial intelligence is poised to drive demand for decentralized data storage even higher.
Traditional centralized cloud computing models present significant challenges for scalability, security, and resilience. Why? Computation needs to operate close to where the data is kept because moving sizable amounts of data between data centers is too slow for applications running on large datasets (e.g. data pipelining or tuning models).
Enter decentralized compute: a solution to these problems and a new approach that promises to transform the way we harness computational power.
Defining Decentralized Compute
Decentralized compute is a distributed computing model that leverages the collective resources of a vast network of decentralized nodes, rather than relying on a centralized infrastructure controlled by a single entity. This approach democratizes access to computing power, enabling individuals and organizations to tap into a shared pool of resources without being dependent on a single provider.
Why it Matters
Filecoin's design necessitates that storage providers have compute hardware collocated near the hard drive; this makes the Filecoin model ideal for compute networks looking to both grow their hardware footprint and leverage storage alongside the data they generate during computation. The advantage of decentralized compute is the ability to address the inherent limitations of centralized systems:
Scalability: By harnessing a global network, decentralized compute offers virtually unlimited scalability.
Resilience: With no single point of failure, decentralized compute networks are inherently more resilient.
Security: As data and computations are distributed across a vast network, it is harder for the system to be compromised.
The Filecoin Opportunity
Several teams across the Filecoin ecosystem are already leveraging the network for decentralized compute. The Filecoin network has the ability to broker computational resources, incentivize compute execution, distribute workloads across available storage providers, and prove the validity of the computation's results.
A snapshot of Filecoin ecosystem teams working to solve today’s computing challenges include:
Bacalhau: A platform for fast, cost-efficient, and secure computation by running jobs where the data is generated and stored. It supports large-scale parallel compute of Filecoin data.
Web3Mine: An innovation lab that helps people collectively coordinate hardware and capital to build a more open and resilient internet infrastructure for everyone.
Fluence: A decentralized, serverless computing platform where developers can build, host, and deploy peer-to-peer applications to a network of compute providers. Providers can range from professional data centers to home computers.
Io.net: Utilizing Filecoin hardware, io.net is a state-of-the-art decentralized computing network that allows machine learning engineers to access scalable distributed clusters at a fraction of the cost of comparable centralized services.
By harnessing the power of global networks and leveraging the capabilities of tools like Filecoin, we can unlock new frontiers of innovation and foster a more open, resilient, and democratized computing ecosystem.
Network News
Internet Archive is hosting the Aruba Collection, preserving documents from the Aruba National Library, National Archives, and more! For years, Aruba’s memory institutions have been digitizing historical materials. Now, with the help of Internet Archive, the Aruba Collection is available to anyone, anywhere. The collection is being uploaded to the Filecoin network for long-term preservation as an additional layer of protection, thanks to a longstanding relationship between the Internet Archive and Filecoin Foundation for the Decentralized Web (FFDW). Read more.
Submit an article abstract for the inaugural edition of the Filecoin Ecosystem Digest. Published by Filecoin Foundation (FF) and guest edited by Ansa Research’s Jonathan Victor, the Digest will feature articles from ecosystem contributors sharing their vision for the web's future and how decentralized storage applications are driving the solutions to get there. To apply, fill out the Filecoin Ecosystem Digest interest form.
Redefining the Decentralized Web with Harrison Hines. Harrison Hines, co-founder and CEO of Fleek, joined the DWeb Decoded podcast to discuss Fleek's work building the decentralized web. From static site hosting to a full-stack decentralized web infrastructure, Fleek is setting new standards in web performance and developer experience.
FF’s Community & Data Onboarding team hosted its first Network Growth 2.0 call. Builders throughout the ecosystem came together to give a high-level view of what they’re working on. The first call featured Cloud Forest, Web3Mine, CID Gravity, Seal Storage, and more. Join the #global-storage-provider-community Slack channel for meeting details.
Build With Us
Filecoin Foundation’s Comms Toolkit is live! This new site connects you with FF’s Marketing and Communications team so we can help spread the word about projects you're building and the work you’re doing in the Filecoin ecosystem. Fill out this intake form, and our team will follow up with you to help you tell your story.
See you at Consensus, May 29-31 in Austin, TX. Join FF and teams across the Filecoin ecosystem in Austin at events throughout the week. Mark your calendar and stay tuned for more details.
Create connections at upcoming hackathons. Filecoin hackathons are some of the best opportunities to learn, build, and network with fellow developers. Whether you're looking to add to your project portfolio or a seasoned developer exploring new ideas — you're invited!
Add your project to the Filecoin Ecosystem Explorer. The Explorer is a decentralized database of teams and projects building in the Filecoin ecosystem. Take five minutes to add your active Filecoin project so we can show the depth and breadth of the ecosystem to the world!
Ecosystem Spotlight
Titan Network is a digital resource network that incentivizes matching idle resources with global demand –– making it easy for everyone to leverage the power of DePIN services and participate in the construction of the Internet of Value. Titan Network has developed a universal DePIN service platform for the community to deploy hardware to offer fungible digital resources, such as compute, storage, and bandwidth. Built-in economic incentives and network design ensure that the community is rewarded for the committed resources, while end-users receive high-quality results at the reliability level of modern cloud solutions.
Governance
The nv22 network upgrade has been postponed to April 24. There are four FIPs in scope for this upgrade: