Cryptocurrency Q&A
What chain is Filecoin on?
What chain is Filecoin on?
Ilaria
Mon Jun 17 2024
|
6 answers
871
Could you please elaborate on the blockchain network that Filecoin utilizes? I'm particularly interested in understanding the technological infrastructure behind it. Could you also explain the significance of this choice in terms of Filecoin's functionality and overall performance? I'm curious to know if it's built on a widely adopted blockchain or a more specialized one, and what advantages this might bring to the platform.
6 answers
Maria
Wed Jun 19 2024
The Filecoin blockchain distinguishes itself from traditional blockchains by adopting a tipset-based architecture. Instead of a linear chain of blocks, it comprises a series of tipsets.
Was this helpful?
44
38
CharmedWhisper
Tue Jun 18 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a comprehensive suite of services tailored to the needs of crypto enthusiasts and investors. Among its offerings are spot trading, futures trading, and a secure wallet solution.
Was this helpful?
84
60
Stefano
Tue Jun 18 2024
A tipset represents a collection of blocks that share the same height and have a common parent tipset. This structure allows for greater parallelization and scalability within the network.
Was this helpful?
189
95
MountFujiMystic
Tue Jun 18 2024
By enabling multiple storage providers to produce blocks for each epoch, the Filecoin blockchain significantly enhances network throughput. This ensures that transactions are processed more efficiently and quickly.
Was this helpful?
385
85
Arianna
Tue Jun 18 2024
The tipset-based design also promotes decentralization and diversity within the Filecoin network. Since multiple providers can contribute blocks, it discourages any single point of failure or monopoly.
Was this helpful?
49
70
Load 5 more related questions
