New Update From Filecoin (FIL) Developers, Favorite Altcoin of a Time! Here are the details

Decentralized storage project Filecoin (FIL) developers launched a content delivery network called Saturn.

The goal is to help the network meet the content bandwidth for decentralized applications and make it cheaper to run Filecoin nodes.

Content distribution networks form an important part of the internet, helping websites to get information quickly. Specifically, Saturn works as a set of interconnected servers to help pull or retrieve content for decentralized applications.

With Filecoin’s New Update, FIL Node Now Costs Less to Run

Protocol Labs, the development firm behind Filecoin, said that Saturn, which it began development in the first half of 2022, has completed the main data storage layer in the FIL.

With the launch of Saturn, the firm not only provided a content delivery layer, but also sought to reduce the cost of contributing to Filecoin. Protocol Labs says it makes the network more accessible to public participants.

Filecoin so far altcoin The only way to contribute to its network was to become a Storage Provider (SP), a contributor that provides the excess storage to others. However, becoming an SP requires access to substantial storage capacity and can be expensive, meaning the barrier to entry for individuals is high.

Storage providers must meet at least 10 terabytes (TB) of committed storage to join the FIL network.

On the other hand, running a Saturn CDN node only needs 1 terabyte (TB) of storage; which is cheaper than running an FIL Storage Provider node. Protocol Labs said it will allow more people to contribute to network bandwidth and earn the protocol’s local currency, also called the FIL.

*Not investment advice.