Company
Date Published
Author
Chainlink
Word count
634
Language
English
Hacker News points
None

Summary

Linkstorage has been awarded a Chainlink-Filecoin Joint Grant to develop a unified data storage protocol aimed at enhancing the capacity and security of data storage for hybrid smart contract applications. This initiative, part of a broader effort to integrate Chainlink decentralized oracles and Filecoin decentralized storage, seeks to extend Web3 capabilities by facilitating tamper-proof and cost-effective data storage across various blockchain ecosystems. Linkstorage's protocol will allow developers to synchronize, track, and monitor data between blockchains and IPFS/Filecoin, leveraging Chainlink's communication features to support seamless cross-chain interactions. With a focus on addressing the limitations of current blockchain logging functionalities, the protocol promises to improve data handling for advanced dApps, enhancing their ability to manage large volumes of data securely. The Linkstorage team, experienced in blockchain project management and dApp development, plans to make the protocol's source code available on GitHub and encourages community involvement for its ongoing improvement. This grant underscores Chainlink's commitment to fostering the growth of hybrid smart contracts and secure oracle networks through its Community Grants program.