ricardo leavesnsworth III

[Luke B @Solana_Luke]

A 🧵on Filecoin’s FVM and its impact on the Data Economy

Full Report: https://t.co/63rFKRuMRp

What is Filecoin❓
A decentralized storage network/blockchain that allows individuals to rent out their storage 📦

Who uses Filecoin❓
1⃣Clients who are price sensitive (Filecoin=cheap) 💵
2⃣Clients who do not trust centralized authority 🔒

But, this market is only so big and competes with storage incumbents like AWS, Google Cloud, etc.

Enter the FVM 🙌: An execution environment that enables users to deploy smart contracts on top of the Filecoin Blockchain

Why is this important❓
1⃣Brings programability to Filecoin
🔵Enables on-chain applications to utilize Filecoin’s
storage capabilities within smart contracts
🔵Opens up a third client pool: Clients that want this
storage X smart contract relationship

Potential Impact of FVM
1⃣AI: efficient storage & computation (LLMs)
2⃣Data Sovereignty: User control & safety
3⃣Decentralized Compute: Privacy, scalability & cost
efficiency

Conclusion:
1⃣FVM = storage capabilities directly within smart
contracts
2⃣Gives rise to new ecosystem for web3 apps & secure
data storage solutions
3⃣While promising, challenges lie ahead

[ricardo leavesnsworth III @declanbourgoin]

@TPTPTP282 who said that? 😂

[ricardo leavesnsworth III @declanbourgoin]

@JosephMama123 i took mad Ls

[ricardo leavesnsworth III @declanbourgoin]

@bluesourstraws @TimAnderson7 bro got his shit rocked

[ricardo leavesnsworth III @declanbourgoin]

@clubtrillion @bluesourstraws the burners rejoice 🙌

[ricardo leavesnsworth III @declanbourgoin]

@toe__toe22 i’m about two months away from being a legit third option

[ricardo leavesnsworth III @declanbourgoin]

@takealapguy when u coming back

[ricardo leavesnsworth III @declanbourgoin]

@wakeywakey321 late night tweet. respect

[ricardo leavesnsworth III @declanbourgoin]

@VinnyBoombatz16 kind regards

[ricardo leavesnsworth III @declanbourgoin]

@pissmonger69

[ricardo leavesnsworth III @declanbourgoin]

@TheScreaminEag best feeling

[ricardo leavesnsworth III @declanbourgoin]

@bluesourstraws @takealapguy @trucks_10 ykb

[ricardo leavesnsworth III @declanbourgoin]

@TopG_Drew hunter

[ricardo leavesnsworth III @declanbourgoin]

@jhunchohunchoj buy land is the correct answer

[Reggie Saxx @ReggiSaxx]

Bol Bol doesn’t care about basketball, kid just wants to hang out with destroy lonely and ken carson all day being a 7’4 groupie. Been like that since high school.

[ricardo leavesnsworth III @declanbourgoin]

@pissmonger69 pink tape way better than wlr

[ricardo leavesnsworth III @declanbourgoin]

@bluesourstraws the taste of bronxville

[ricardo leavesnsworth III @declanbourgoin]

@thatguydotcom9 🧢

[ricardo leavesnsworth III @declanbourgoin]

@TopG_Drew something great about seeing a bunch of pretty ladies in red boxes tho

[ricardo leavesnsworth III @declanbourgoin]

@thatguydotcom9 gotta drink while we can