Filecoin Completes Watermelon Upgrade
Filecoin has completed its Watermelon Upgrade (nv21), introducing significant changes to improve the network’s capabilities.
The upgrade increases the maximum sector commitment from 1.5 years to 3.5 years, encouraging storage providers to commit to longer terms.
This move aims to boost demand and improve storage capabilities. Additionally, the implementation of Synthetic PoReps streamlines the data storage process, reducing the size of temporarily stored data from 400 GiB to 25 GiB without compromising protocol security.
This optimization allows Filecoin to achieve an extra 25% sealing throughput, leading to cost savings in sealing Capacity Commitment sectors.
The upgrade is expected to positively impact Filecoin’s market standing, bringing increased efficiency, security, and cost-effectiveness.
(With inputs from Shikha Singh)
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