FVM

The FVM is essentially a smart contract virtual machine that enables developers to write and deploy smart contracts on the Filecoin network.

In simple terms, it injects powerful smart contract capabilities into Filecoin's storage track public chain, like installing a super engine in a luxury sports car, transforming Filecoin from a mere storage tool into a multifunctional platform capable of running various innovative applications.

Previously, Filecoin was quietly handling storage, but since the advent of FVM, things have changed! Developers can create various decentralized applications based on FVM, such as DEX (decentralized exchanges) for decentralized storage markets, data privacy protection applications, on-chain storage proof tools, and so on, bringing the entire Filecoin ecosystem to life.