Web3.0 Accelerator: SINSO Getway® Distributed Cache Network — How it works to Boost Filecoin Ecosystem
With the emergence of popular concepts such as DeFi, NFT, GameFi, and Metaverse, the era of Web 3.0 based on blockchain infrastructures is coming. As the cornerstone of the next-generation Internet — Web 3.0 ecology, Filecoin’s decentralized storage network has been thriving in the past year with increasingly highlighted unparalleled value and effectiveness.
The Filecoin Virtual Machine (FVM) that introduces the general smart contract programming function into the Filecoin network will become another core pillar of the decentralized storage network. Next, FVM will promote the transition of mass applications from Web2.0 to Web3.0.
Filecoin has unlimited prospects.A very huge project, it is difficult to improve all application basic layers and infrastructures in a short period of time. Especially after the skyrocketing DAPP, the demand for massive data interaction is quite large, so Layer2 technology is used to help and assist the main network to solve problems efficiently. This also recently put Filecoin Layer2 distributed cache network into a sharper focus. Today, our in-depth analysis will look into Distributed Cache Network and see how it has become a Filecoin ecosystem accelerator.
Cost-effective — Distributed Cache Network’s Application Value
The core issue of Filecoin’s cost-effective network solution in the first phase is to build a decentralized data storage network with strong scalability, reliability, security, high efficiency, and low cost, and form a strong network that can verify storage and access to NFT, public data sets, and Metaverse assets.
After completing the capacity expansion, the ecological virtual machine came as needed. The next strategic goal of the Filecoin network is to accelerate valid data extraction from the ecology and develop a series of middleware and various infrastructures for DAPP applications to migrate to Web3.0. For example, to provide high-efficiency data interaction services for Gamefi, VR, AR, and other applications. But in fact, meanwhile, Filecoin also needs support for this part.
As we know, in high-concurrency distributed systems, caching has always been an essential part. Without cache acceleration and isolation protection for the system, a large amount of associated data will directly fall to the lower layer of the system. It is difficult for the system to withstand the impact of high concurrency, and to meet the users’ data storage and call needs. Distributed cache network is a relatively scarce resource with good performance. It introduces through a unique technical mode the update mode, invalidation network, and phaseout strategy and solutions to a series of common problems demanded by distributed caching.
The application of the distributed cache network will greatly reduce the pressure of storing invalid data in the Filecoin network, reducing the back-end load, and enabling the system to run in a more resource-healthy environment. Secondly, it can fulfill the requirements of various DAPPs, speeding up data read and write, shortening response time, and providing a better experience for Filecoin ecological participants.
In the Ethereum Layer 2, there are also solutions based on Optimistic Rollup like Metis. By building an innovative distributed cache network, it solves the insufficient throughput for massive applications and the corresponding scalability problems. Metis is currently the most popular Layer 2 solution in Ethereum, which fully confirms the value of the distributed cache network.
With the completion of network expansion and the advent of virtual machines, the Filecoin network will usher in the explosive development of the applications ecosystem. Then how to build a distributed cache network that can better satisfy all levels of ecological developers has become a topical issue.
What can SINSO Getway, The Distributed Cache Network bring to Filecoin developers?
Recently, the application structure of Filecoin Layer2 has been hotly debated, and Filecoin Layer2 solutions such as SINSO, which are expected to be the first to be deployed, have emerged. On November 28, SINSO Getway Distributed Cache Nodes Testnet was launched, which has attracted a great deal of attention. Expected to be the key empowerment to the Filecoin network and DAPP developers, SINSO Getway has received over ten thousands whitelist applications and getting its popularity well embodied. Now SINSO Testnet already has more than 7K active nodes.
As a Filecoin Layer 2 infrastructure, SINSO has rich core components like SINSO DAPP Cube, SINSO Donors Network, and SINSO DAC in addition to the recently eye-catching SINSO Getway Distributed Cache Nodes Network. Given Filecoin’s infrastructural shortcomings, SINSO sets its vision to promote the efficient transition of various DAPP applications from Web2.0 to Web3.0.
Based on Filecoin’s distributed cache secondary network, SINSO Getway sets its strategic positioning to be a multi-lane highway and a standardized “data logistics” system connecting to the Filecoin network, the huge “data processing factory”. It is built for current use scenarios required by Gamefi, VR, AR, video streaming, as well as high-speed CDN and DAPP response. In addition to ensuring decentralization, user data privacy and security, SINSO Getway meanwhile focuses on improving development efficiency. That means SINSO Getway will relieve all DAPPs from building IPFS adjacent nodes for data caching, and provide a safer open L2 cache network with higher performance and lower cost.
According to an official publication, SINSO Getway is a completely open network system that includes node providers, data protocol stack node verifiers, node candidates, node guarantors, users, and other participants in the ecosystem. With great importance attached to value incentives. SINSO Getway will distribute 15 million SINSO tokens (accounting for 25% of the total issuance of SINSO) to various participants according to their ranking of contribution, to encourage everyone to become contributors and beneficiaries of SINSO Getway. This is one of the reasons conducing to the popularity of its whitelist application.
After the completion of the preliminary Testnet, SINSO Getway will be fully handed over to SINSO DAC for on-chain autonomous management. It is a DAO system. All token holders will have the right to participate in voting governance and decide on future upgrades and adjustments. It can be expected that SINSO Getway will become one of the hottest ecological gathering places on the Filecoin network.
At present, the focus of Filecoin ecological construction is valid data collection and applications deployment. The launch of the SINSO Getway Distributed Cache Network indicates that SINSO has seized this decisive opportunity and will surely become a key part of the Filecoin network infrastructure architecture. SINSO Getway supports the efficient development of various Gamefi, NFT, VR/AR and other applications, accelerates valid data extraction and value excavation, and promotes the smooth transition of massive DAPPs from Web2.0 to Web3.0.
