What are the concepts of distributed storage currencies? List of distributed storage concept currencies

Decentralization is the most concerning issue in the current blockchain, and the development of technology is gradually moving closer to centralization. When talking about decentralization, we have to mention the distributed storage concept currency in the field of cryptocurrency. These coins are often used in decentralized applications (DApps) to improve data availability, security, and censorship resistance. Mainly refers to cryptocurrencies that use distributed storage technology as their infrastructure. The common FIL coin is a distributed storage concept coin. So what are the distributed storage concept coins besides FIL coin? It is worth paying attention to. Currently, there are seven main currencies: AR, BZZ, FIL, SC, STORJ, STX, and XCH. The following editor will talk about the currencies in the distributed storage sector.

What are the concepts of distributed storage currencies?

There are seven distributed storage concept coins: AR, BZZ, FIL, SC, STORJ, STX, and XCH. The following is a detailed introduction to the proportions:

1, AR

Arweave is a decentralized storage protocol that ensures data persistence and immutability through blockweave blockchain technology. Unlike traditional blockchains, each block of Blockweave not only contains the data of the previous block, but also the data of another randomly selected block, ensuring that each node stores all previous data. This design makes Arweave highly reliable and resistant to failures. By using blockweave, Arweave provides a secure, durable storage solution that can cope with data loss, tampering and centralized storage. Users can store data on the Arweave network and ensure long-term retention by paying a small fee. This decentralized storage method provides users with better data control and privacy protection. In short, Arweave's blockweave technology provides an innovative solution for the secure storage and permanent preservation of data.

Arweave’s native currency AR is designed to incentivize nodes and provide users with a means to pay for data storage. The project's founders, William Jones and Sam Williams, conceived Arweave while working on their PhDs in distributed computer systems. According to Williams, they were inspired to create Arweave by being deeply concerned about the proliferation of "fake news" during the 2016 US presidential election. They want to store the data in a way that ensures malicious entities cannot later modify the data.

2. BZZ

Swarm is a decentralized storage and communication network built on the Ethereum side chain xDAI. It incentivizes network participation and rewards honest behavior through BZZ tokens, providing a scalable and self-sustaining infrastructure for the decentralized Internet economy. Users retain ownership of their data, meaning they control their data and decide how it is used and shared. Through Swarm, users can securely store and access data while communicating peer-to-peer with other users, achieving a more private and free Internet experience.

Swarm aims to solve the problem of centralized data storage and strives to create a more decentralized Internet. The network operates on a peer-to-peer basis, using BZZ tokens to encourage nodes to contribute excess bandwidth and storage using the Bee client. Swarm is designed to provide properties such as privacy and immutability, and allow any decentralized application to utilize the network for data storage and messaging. Through distributed storage and peer-to-peer communication, Swarm provides greater resistance to censorship and failure while reducing the risk of single points of failure. This decentralized architecture provides users with greater data control and privacy protection, while providing developers with more innovation space and application scenarios. Swarm's goal is to provide users and developers with a more secure, private and reliable data storage and transmission environment by creating a more decentralized Internet.

3. FIL

Filecoin is a distributed storage network that enables more openness and optimization of storing and retrieving files by transforming file storage into an algorithmic market. In this network, storage providers can sell unused disk space and receive Filecoin tokens in return. Customers can use Filecoin tokens to purchase storage space or retrieve files from the network. Overall, Filecoin's goal is to build a decentralized, efficient and powerful network to promote a fairer data storage and retrieval market. Through this network, users can store and obtain files more conveniently, and the data storage and retrieval process is more fair and transparent.

4, SC

Sia is a decentralized cloud storage platform based on blockchain, which realizes data management by dividing, encrypting and distributing files to distributed network storage. Users can control their data using private keys. The goal is to be a decentralized storage solution that is faster, cheaper and more reliable than traditional cloud storage platforms.

5. STORJ

Storj is a cloud storage platform that is committed to being censorship-free, monitoring-free and without downtime. The Storj platform allows users to store data in a secure and decentralized manner through encryption and a range of decentralized applications. It uses block transaction features such as transaction ledgers, public/private key encryption, and cryptographic hash functions for security. Additionally, it will be cheaper, faster, and more secure than traditional cloud storage services.

6, STX

Stacks is a Layer-1 blockchain that allows dApps in the field of DeFi, NFT and smart contracts to be built on top of Bitcoin. This allows Stacks to leverage the security and stability of Bitcoin while allowing developers to build native dApps on Layer 1.

7, , and design a new decentralized future.

Chia Network is a blockchain platform that claims to be environmentally friendly and is considered one of the most decentralized blockchains. The network has hundreds of thousands of nodes, each carrying a copy of the blockchain ledger, allowing for rapid dissemination of information. Chia blockchain adopts the CoinSet model to track the status of the network. Every coin on the Chia network is locked and hashed through the Chialisp program to provide strong blockchain security. The main functions of the Chia blockchain include processing financial transactions, running programs written using Chialisp, and minting tokens through XCH.

What are the characteristics of distributed storage concept coins?

Distributed storage concept coins are usually cryptocurrencies based on blockchain technology and aim to provide distributed storage solutions in a decentralized manner. The characteristics of these coins may include 7 aspects such as decentralization, blockchain technology, smart contracts, privacy, etc. The following is a detailed introduction:

1. Decentralized storage:

The distributed storage concept coin is committed to establishing a decentralized storage network and achieving the goal of decentralized storage of data through blockchain technology. Unlike traditional storage solutions, these coins’ networks do not rely on a single data center or service provider.

2. Blockchain technology:

These coins are usually built based on blockchain technology, using blockchain to record and store transactions, verify data integrity, and ensure the security of decentralized networks. safety.

3. Reward mechanism:

In order to encourage users to provide storage space and computing resources, distributed storage concept coins usually adopt a reward mechanism. Users can receive corresponding cryptocurrency rewards by providing storage services, thereby promoting the development and maintenance of the network.

4. Smart contracts:

Some distributed storage concept coins may support smart contracts, so that the conditions and rewards of storage services can be automatically executed through smart contracts without the need for an intermediary.

5. Data privacy and encryption:

Due to concerns about user data privacy and security, the protocols of these coins usually use encryption technology to ensure that users’ stored data is protected during transmission and storage. .

6. Community participation:

These coins usually emphasize community participation, allowing users to participate in the decision-making and development of the network through community governance or other mechanisms.

7. Cross-chain technology:

Some distributed storage concept coins may explore cross-chain technology to improve interoperability and integration with other blockchain networks.

The above is the detailed content of What are the concepts of distributed storage currencies? List of distributed storage concept currencies. For more information, please follow other related articles on the PHP Chinese website!