The Filecoin Virtual Machine (FVM) is a runtime environment for smart contracts (also called actors) on the Filecoin network.
Filecoin Virtual Machine is the execution environment for Actors on the Filecoin blockchain. Actors are the Filecoin-equivalent of what the industry calls “smart contracts”.
The FVM launch adds smart contracts and user programmability to the Filecoin blockchain, unlocking the enormous potential of an open data economy.
With FVM, developers can write and deploy custom code to run on the Filecoin blockchain, allowing them to connect, augment, and innovate around the building blocks of the Filecoin economy: storage, retrieval, and computation of content-addressed data at scale. This represents a major advancement in the capabilities of decentralized storage.