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Filecoin's transformative Fast Finality (F3) upgrade is set for January 2025, reducing transaction finality to two epochs and enhancing cross-chain and storage onboarding.
Author: Tanishq Bodh
Written On: Tue, 10 Dec 2024 15:51:37 GMT
Filecoin is preparing for one of its most significant upgrades since its mainnet launch. The Fast Finality (F3) upgrade, officially known as FIP0086, is scheduled to go live on the Filecoin mainnet in January 2025. This upgrade promises to improve transaction speeds, streamline cross-chain integrations, and simplify storage onboarding.
F3 introduces a dramatic reduction in transaction finality time, from 900 epochs (approximately 5 hours) to just two epochs (around 2 minutes). The upgrade is expected to bring several benefits:
The F3 upgrade has undergone nearly two years of research and rigorous testing. Initial trials on the Calibration network identified critical issues, which have since been resolved. Passive testing is currently underway on the mainnet to ensure a smooth transition. The Filecoin community can monitor the upgrade’s progress through publicly available dashboards.
Node operators are advised to prepare for potential bandwidth spikes during the bootstrap phase. These spikes occur as F3 finalizes approximately 900 epochs of data and are expected to stabilize within 5–10 minutes. Operators experiencing prolonged high bandwidth usage are encouraged to share logs with the F3 team for investigation.
The tentative schedule for the F3 upgrade is as follows:
F3 marks a significant step forward for the Filecoin ecosystem, offering faster, more efficient operations and improving accessibility for participants. The upgrade underscores Filecoin’s commitment to enhancing decentralized storage solutions and broadening its appeal to users and developers alike.
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