Filecoin Introduces the EVM-compatible Filecoin Virtual Machine

Filecoin introduces the EVM-compatible Filecoin Virtual Machine (FVM), which aims to introduce the programmability of smart contracts on the Filecoin network. The FVM's native code language is WASM (WebAssembly) and will first be EVM (Ethereum Virtual Machine) compatible. With FVM, the Filecoin network will have access to computational power in addition to its existing storage capabilities. In addition FVM will go live in phases, with the introduction of protocol forks planned for Q1 2022, introducing preparatory changes including Gas schedule and architectural adjustments before user programmability. Programmability will be introduced in 2Q 2022 and will include a redesign of system actors and deeper protocol changes to make it easier to program against system actors.