CandleFocus F3 Brings Lightning-Fast Finality to Filecoin Network in Minutes
2024-09-28
Author: Content Editor
The Fast Finality (F3) improvement in Filecoin has significantly reduced the time it takes to finalize transactions on the network, from approximately 7.5 hours to just minutes. This upgrade not only improves speed but also enhances the overall user experience and opens up new possibilities for Filecoin-based applications, smart contracts, and exchanges. The F3 upgrade addresses latency issues through the GossiPBFT consensus protocol and the Easy Finality Calculator. Filecoin's ability to handle massive amounts of data has also been showcased, with the network storing 15 exbibytes (EiB) of data, including over 500 terabytes (TB) of US government data. The native token, FIL, has seen a slight decrease in price over the last 24 hours but has increased by 10.68% in the last seven days.
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