Blockfrost and Filecoin Foundation (FF) are working to integrate Filecoin’s decentralized storage capabilities as a backup layer for Cardano apps built with Blockfrost.
The site describes Blockfrost as Cardano’s API with over 100 endpoints, designed for easy access to Cardano blockchain.
Meanwhile, Filecoin Foundation is an independent organization that supports Filecoin’s governance and growth.
According to the press release shared with Cryptonews, the collaboration between the two “underscores the coordinated efforts of two legacy layer-1 blockchains and marks a step toward making decentralization the standard for the next generation of blockchain applications.”
It will improve data redundancy, scalability, quality assurance, and decentralization across the Cardano ecosystem.
Data redundancy ensures that critical data is stored across a distributed network and protected against loss, corruption, or manipulation.
Additionally, Blockfrost has integrated with Filecoin via Lighthouse. The latter is a platform on Filecoin, which offers perpetual storage, encryption, custom gateways, and multi-chain smart contracts.
Speaking of developers, Marek Mahut, CEO at Blockfrost, commented that this integration can give them “peace of mind, knowing that their applications benefit from Filecoin’s decentralized storage and redundancy features.”
Bringing Filecoin’s decentralized storage to the Cardano ecosystem helps developers create apps that are “more secure, reliable, and future-proof,” added Clara Tsao, a founding officer at Filecoin Foundation.
New Service Tier
Blockfrost provides an API-as-a-service solution that simplifies access to the Cardano blockchain, the press release explained.
Also, it offers additional features without the need to run or maintain complex infrastructure and tooling.
Notably, Blockfrost runs the world’s largest decentralized storage network InterPlanetary File System (IPFS) Gateway clusters. Per the team, this allows users to add, pin, and access resources.
Therefore, Blockfrost said it would introduce a new service tier for Cardano builders by archiving these IPFS Gateway clusters on Filecoin.
The novel tier will include both IPFS and Filecoin storage.
Securing on-chain data of Cardano applications on Filecoin enables developers to build on a fully decentralized and resilient storage infrastructure, the teams added.
“By extending storage capabilities and adding a premium backup layer, Blockfrost gives developers more tools to build reliable, data-driven applications,” the team said.
That said, major benefits of the collaboration include data verifiability, immutable storage, transparent on-chain verifiability, and cryptographic hashing.
Filecoin leverages Proof of Replication to ensure data is uniquely stored.
At the same time, Proof of Spacetime validates continuous storage over time.
“These essential features enable the creation of tamper-proof, auditable datasets,” said the team, “paving the way to deploying trustworthy AI applications with Blockfrost and empowering reliable, decentralized model training.”
Meanwhile, in late January 2024, Cardano announced its investment in Five Binaries’ Blockfrost API.
Since 2020, the latter has grown to become a key element of Cardano infrastructure, the blog post said.
Blockfrost performs “a valuable and trusted function” for projects building on Cardano and offers dapp developers “a cost-effective, highly scalable solution to take their applications from testing through to full deployment,” the announcement said.
Cardano Sits at $1.20, Filecoin Sits at $6.96
At the time of writing, the eight coin per market cap, ADA, was up 16% over the previous 24 hours. It’s trading at $1.20.
Additionally, it appreciated 33% in a week and 275% in the past month.
Overall, it increased by 221% in a year.
The highest price was $3.09, recorded in September 2021. The current price is 59% lower than that all-time high.
Meanwhile, FIL appreciated 6.8% in a day, trading at $6.96.
It’s up 31% in a week, 116.4% in a month, and 59% in a year.
Its all-time high was $236.84, seen in August 2021. It fell 97% since.
The post Cardano Apps Get a Backup Layer Through Blockfrost and Filecoin Collab appeared first on Cryptonews.
