Eps 1: Decentralized Cloud Storage: The Future of Data Storage
| Host image: | StyleGAN neural net |
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| Content creation: | GPT-3.5, |
Host
Hugh Kuhn
Podcast Content
In central cloud storage, the data are stored in huge data centers that are operated by a single organization and consume huge amounts of energy. Decentralized cloud storage encrypts data, breaks it down and distributes it to storage drives operated by different organizations in many different places with different power supplies and network connections creating something that is very wasteful. It is simply not possible to exist today with a strategy like this.
Thanks to advances in bandwidth, quality, availability and peer-to-peer networking technologies, a way for viable decentralized storage has been created. Decentralized cloud storage technologies offer encryption, resilience and incredible performance by leveraging different nodes around the world to provide storage capacity.
Interplanetary File System is another decentralized storage solution, but the way it works makes it difficult to find the data. In a decentralized network, several measures must be taken to ensure that no data is lost in the event of a node failure. Blockchains offer decentralization, but expensive data storage never permits data to be removed.
Blockchain-based file storage solutions work by storing your files on a decentralized network across multiple computer nodes. Decentralized cloud storage breaks data down into fragments and then scatters them over a variety of cloud storage devices rather than storing them in a cloud. Decentralized cloud storage works a bit like torrents, where data is distributed across all machines participating in the torrent network.
This example shows that we do not need centralised data storage systems to maintain our vital data. Fast and easy access is one of the most important reasons for a decentralised data storage system. If you need to backup triple backups, decentralized backups of your data, you can access your data at any time.
If you're a large company with a large team of employees and team members who all need access to the same data pool it's great that this data can be uploaded to the cloud and accessible by everyone. This means that there is no cost for accessing the data you have stored. There are no data access costs, no monthly fees for centralized players, and no transaction fees associated with bringing your data from nodes on the decentralized network.
As the demand for data storage continues to grow, it is necessary to scale cost-effective data storage protocols. However, there is a known data storage problem that requires the integration of new third-party protocols in addition to existing blockchains.
One company working on this problem is Arweave, and their new approach is to store data outside the chain. This is a new blockchain protocol for data storage based on a novel consensus mechanism for verifying access. This makes permanent data storage possible for the first time.
Decentralized storage can be derived from the distribution of data across an extensive network of nodes - a distributed ledger technology in blockchains. Storing data in the cloud can be considered a more traditional data storage system. Experts estimate that data centre storage capacity will reach 1,450 exabytes in 2018 and will reach a massive 2,300 exabytes by 2021.
Cap-Link is one of the many enterprise cloud storage offering for cloud storage and they are trying to stand out by using decentralized storage to offer cheaper data storage than other options. It is currently not known whether users can use the Caplink memory without the use of the Storj token itself. I assume that it is the same as FileZilla where it is not necessary to use the token for StorJ data storage.
Decentralized storage is different from central storage in that nodes on multiple computers in multiple locations run at multiple locations. Centralized storage hosts can be monitored by sensors and share data with third parties. In time, if you opt for a central platform for your data, you will no longer be able to access your data.
According to the blockchain platform, large cloud computing networks face millions of unauthorized login attempts - some of which are successful - according to. Decentralized storage networks run on open source software and seem to function independently from each other. The company says big data is a big problem and has introduced state-of-the-art nodes aimed at solving problems related to existing storage solutions.
Blockchain-based dCloud platforms can address the security vulnerabilities of their established counterparts but many still face the question of symbolic inflation. Sinovate's decentralized Infinity node architecture and incorruptible data storage document provide a secure foundation for new businesses to build on and its proof-of-burn feature provides a response to sustainability and network inflation giving the opportunity for all stakeholders to benefit from their future vision of decentralized data. Sinova has emerged in the dCloud industry thanks to its innovative blockchain developer Xuantan Nguyen, Xtdev and Giacomo Milligan.
Storj has announced a new multi-tenant, S3-compatible gateway that allows developers to take advantage of the unmatched privacy and security advantages of Storj DC decentralized cloud storage. With this new gateway, developers can simply modify a few lines of code in their existing Amazon S3 compatible applications and start storing data in the decentralized cloud, providing redundancy for the future, standard encryption for multiple regions and edge-based security at a fraction of the cost of individual regional services from other providers. Storj's decentralized cloud service replaces the Tardigrade offering of the company, offering a new onboarding experience, lower prices and additional features for developers to build a decentralized cloud easily.
Butterfly Protocol decentralized web naming system recently announced a decentralized storage solution which improves blockchain technology with IPFS to help developers create and operate complex decentralized applications. Butterfly adds an IPFS layer that simplifies data storage while retaining accessibility and verifiability instead of building dapps on most blockchains which require high fees. MaidSafe is a great number of Internet Hard Disks known for secure access.