Altcoin Backed by Bitcoin Billionaires Surges 35% As Crypto Project’s ‘Groundbreaking’ Update Nears

Altcoins backed by famous Bitcoin (BTC) billionaire pairs are proliferating as the upgrade of cryptocurrency projects rapidly approaches.

New data reveals a surge in storage-focused blockchain Filecoin (FIL) as a landmark update to the protocol looms.

Filecoin rose from a 24-hour low of $5.40 to $7.77, up about 38%. The token has seen significant growth recently, but is still well below its all-time high of $25.98 set in March 2022.

filecoin new upgradeAccording to the project’s official website, it will be known as the Filecoin Virtual Machine.

Its goal is to bring user programmability and smart contract functionality to altcoins, greatly expanding their potential and usefulness.The mainnet of the project is Be expected I will publish it in the next week or two

“The Filecoin Virtual Machine EVM Runtime (FEVM) is coming in February 2023. This is one of the most groundbreaking updates to the Filecoin network to date.

For the first time, developers will be able to deploy user-defined smart contracts on Filecoin’s blockchain and storage network, write them in Solidity, and access the many EVM-compatible developer tools Web3 builders know and love. can be deployed using “

The Winklevoss twins first invested in Filecoin in 2017 through a venture capital firm. They co-founded crypto exchange platform Gemini.

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