July 22, 2024

Filecoin will launch a test version of the network in December

Filecoin will launch a test version of the network in December

The team of the Filecoin decentralized file hosting protocol announced that they were entering the final stage of development, and also announced the approximate dates for launching a test and working version of the network.

According to the announcement, it will be released on September 26alpha version of the network, a test network will begin to function on December 11, and the launch of a full-fledged product is planned for the first quarter of 2020. Although the team adds that these are optimal time frames and they may be shifted.

Since Filecoin held one of the most successful ICOs in 2017, raising more than $500 million, about the projectlittle was heard. However, this year the team opened the protocol implementation written in Go, launched the first public networks and integrated several versions of the code.

They are currently finalizing the design of the protocol and cryptographic protection, as well as testing the system. A plan for further development is due to be published next month.

After entering the decentralized marketFilecoin file hosting will compete with Sia, Storj and Burstcoin. In addition, the Tron blockchain platform also plans to develop its own product based on BitTorrent.

Many complex blockchain protocols are starting to reach the finish line. Bitcoin's Lightning Network specification recently passed a formal security review.