Filecoin, a decentralized storage network based on the Interplanetary File Storage (IPFS) protocol, announced the launch of Filecoin Web Services (FWS), positioning it as an open-source alternative to established giants like AWS, Google Cloud, and Azure.
The Filecoin network’s native token, FIL, which is utilized to compensate for file storage services, boasts an impressive market capitalization of around $2.1 billion, along with a 24-hour trading volume nearing $113 million. Significantly, the Filecoin network employs a unique combination of proof-of-replication and proof-of-spacetime consensus mechanisms, which allows for enhanced transaction approval and scalability within the system.
”Today is a massive launch day for our engineering team. The Engineering team within the Filecoin ecosystem has reached a significant milestone in the Filecoin Web Services project — the launch of the beginnings of an open-source alternative to AWS, GCP, and Azure. This platform leverages the potential of Filecoin, the world’s largest decentralized storage network.”Filecoin Developers.
What is FWS?
Filecoin Web Services (FWS) presents a collection of computing and storage solutions built upon the foundation of the decentralized Filecoin Network, which inherently integrates revenue generation and incentives.
The FWS technology stack encompasses diverse elements, including computing, storage, and networking capabilities, empowering developers to create decentralized applications seamlessly. With a focus on scalability, adaptability, and security, Filecoin Web Services caters to an extensive array of use cases and applications.
”We recognize that the cloud has a great developer experience, therefore it is an ambition of ours to achieve the benefits of cloud-level DX alongside the transparent and open source incentivization layers decentralized networks can provide.”Filecoin Developers.
Primarily, FWS aims to facilitate the seamless expansion of the Filecoin network into a secure and adaptable infrastructure. The development of FWS incorporates a variety of components, such as Estuary, Delta Technology Stack (description below), Delta Dataset Manager, Edge-UR, Ptolemy, Filecoin Web Infrastructure, and a storage market that functions as a central source of information for data storage offerings.
Delta Technology Stack
Delta Technology Stack is an array of open-source tools designed to facilitate the creation and management of deals within the Filecoin storage network. Key components include the Delta Deal Making Engine, Delta Dataset Manager for handling large datasets, and Edge-UR Gateway for storing and serving unsealed copies.
Delta streamlines the process of arranging and overseeing storage deals on the Filecoin Network by managing data, versioning, metadata, and tracking deal statuses, ultimately simplifying data publishing for users.
Through the Delta Deal Making Engine, users can define storage deal parameters such as required storage space, pricing, and exchange conditions. The platform employs Filecoin Network’s smart contracts to enforce deal terms and expedite transactions.
Features of Delta Technology:
- Deal proposal preparation and announcement
- Piece commitment computation and optimization
- E2E/import support (online/offline)
- Auto/manual repair and deal renewal
- Wallet assignment
- Storage provider assignment and selection
- Blockstore cleanup
- Deal status management
- Replication management
You can visit FWS’s medium page for further detailed information.