Listed on Coinbase’s currency listing roadmap, detailed explanation of Solana ecological decentralized storage platform ShdwDrive

In the early morning of April 17, 2024, Beijing time, the decentralized storage network shdwDrive will end the second phase of the incentivized test network. As the Solana ecology becomes more and more popular, and the listing of Coinbase is favorable, the storage project has begun to attract more people's attention.

The storage track has been tepid for a long time in the past. However, with the arrival of the bull market, a number of storage projects represented by Filecoin and Arweave also experienced gains in February and March. Since the rise of Solana at the end of last year, ShdwDrive has already "ushered in spring" and has increased more than 10 times since November last year. After Coinbase included it in its currency listing roadmap and listed it on Crypto.com at the end of last month, its token price rose by more than 50% in a single day, from $1.4 to over $2.1.

Decentralized distributed storage network based on Solana

The ShdwDrive platform is a high-performance cloud storage platform developed by GenesysGo and is fully supported by a decentralized operator network. The platform is fully integrated with the Solana blockchain, based on the latter's innovative Proof of History (PoH) consensus mechanism, which ensures the order and integrity of blocks through time series. This integration not only improves data security, but also enables the ShdwDrive platform to take full advantage of the advantages of blockchain technology, such as decentralization and non-tamperability.

In terms of functionality, the ShdwDrive platform provides fast batch upload capabilities and is equipped with a content delivery network (CDN). Users can quickly upload large amounts of data to the platform through the batch upload function, while CDN ensures that users can efficiently access data stored on the platform. The introduction of these functions makes data uploading and access more convenient and efficient. In addition, ShdwDrive also provides a wealth of development tools and interfaces, including command line interface (CLI) and multi-language software development kit (SDK). Developers can choose appropriate tools for development and deployment according to their own needs.

As mobile computing power and data speeds surge, ShdwDrive is developing DAGGER’s permissionless mobile computing and storage ecosystem through early-stage Solana Saga Mobile. Existing builders will also receive support for this enhancement, allowing them to use ShdwDrive in mobile applications. Facing the growing demand for artificial intelligence and gaming, DAGGER Mobile aims to apply distributed ledger technology to smartphones.

DAGGER Consensus Engine: The core technology of ShdwDrive

The DAGGER consensus engine is the core technology of the ShdwDrive platform and is a decentralized consensus protocol that does not require trust. It uses a directed acyclic graph (DAG) data structure and is designed to provide efficient data storage and management for data-intensive applications. In traditional blockchain, data is organized into a linear blockchain structure, and each block contains a certain amount of transaction information. In DAGGER, data is organized into a directed acyclic graph. Each data node can have multiple parent nodes, but it cannot form a cycle.

DAGGER is composed of four key components: Comms, Processor, Graph and Controller. The Processor component is divided into two sub-modules: Verifier and Forester. Therefore, D.A.G.G.E.R. is often considered to be composed of five components in total. Different components work together seamlessly to process, verify and execute transactions. Their asynchronous cooperation can be compared to the airport's business processes and functional divisions:

• Comms: The control tower of the airport, manages all flights (packaged transactions), coordinates with other airports (nodes/synchronization), ensures that each aircraft is processed effectively and efficiently, and is distributed throughout the airport network Get known.
• Processor: The airport's security check and baggage handling system includes two important parts: Verifier and Forester. Verifier is similar to a security checkpoint and is responsible for verifying passengers (transactions) and ensuring that no contraband (duplicates) enters the aircraft. ; Forester is similar to a baggage handling system, it packs passengers' bags (hashes) into containers (Merkle trees) and ensures that they are correctly loaded onto the correct aircraft (packing), after validating the containers (genha Greek) content when verifying the baggage tag (signature).
• Graph: An airport’s flight scheduling system that manages and records flight schedules (directed acyclic graphs) to ensure that all arrivals and departures are in the correct order and to notify all others in a tamper-proof manner Airport (status sync).
• Controller: Pilots, tower controllers and ground staff at the airport. After the flight schedule is finalized (consensus sequencing), ground crew performs the necessary operations to ensure each aircraft is ready for departure, including refueling, maintenance, and transportation of passengers (execution of transactions). Pilots, tower controllers and ground staff can also agree (consensus) on flight plans (add more transactions), verify that aircraft have landed correctly (power view completed transactions) and report (member management) on new airports joining the airport network (node).

Unlike traditional platforms such as Bitcoin, Ethereum or Solana, DAGGER’s unique design inherently integrates data storage and management. Compared with the traditional blockchain consensus algorithm, the DAGGER consensus engine realizes parallel processing of data through the DAG structure. Multiple data tasks can be processed at the same time, greatly improving the efficiency of data processing; its data nodes do not need to wait for the previous zone. Block confirmation will not be limited by the block size. This eliminates dependencies between blocks, improving the performance and scalability of the entire system. Based on parallel processing capabilities and no block dependencies, the platform can achieve higher throughput, process more data tasks at the same time, and improve the response speed and efficiency of the system. The dynamic adjustment characteristics of DAGGER enable it to make adaptive adjustments according to the load of the network and the needs of data tasks, maintaining the stability and reliability of the system.

SHDW Token: Rewards, Punishments, Buybacks and Halving

ShdwDrive hopes to create a long-term community that is stable, valuable and sustainably grows. The most important means to achieve this vision is its aim A token economic model that brings value to network users and long-term SHDW holders. By reducing token circulation velocity, adopting a halving schedule and rewarding SHDW holders for participating in protecting and expanding the ShdwDrive network, and adopting shared staking and slashing mechanisms to enhance network stability and increase community participation, the ShdwDrive platform’s economic management approach aims to Transform token holders into active participants who proactively participate in protecting the network and benefiting all stakeholders.

Rewarding holders to participate in the network through staking is a core component of the overall design process of the ShdwDrive economic system, which will create value for both the network and holders. As the foundation of the SHDW network, shdwNode operators must stake SHDW to ensure their position in the network before connecting their servers to the ShdwDrive network and receiving rewards. This is used as a commitment fee to ensure serious and dedicated participants manage the network. When a shdwNode is slashed, the wallet associated with that node will be penalized by losing 5% of its staked SHDW. For ordinary SHDW holders, they can delegate their SHDW tokens to shdwNode operators through smart contracts and then share the rewards received by the node. This model of shared success fosters community connections and incentivizes both parties to actively contribute to network growth.

The majority of the fees paid by the end users of ShdwDrive (60-75%) are passed directly to the operators running the shdwNode as a payment to the individual, group of individuals or individuals who own the actual server. Rewards and compensation for entities, this part of the revenue is not shared with the SHDW holder program who delegates their tokens to the shdwNode operator. The remaining fees paid by the storage will be used to purchase SHDW on the open market, and the purchased SHDW will be sent to the release pool. This buyback mechanism helps maintain liquidity in the SHDW token market and ensures a clear, verifiable link between ShdwDrive revenue growth and SHDW token value, aiming to make the ShdwDrive network token economy as sustainable as possible in the long term.

さらに、供給を制御し、SHDW の価値を高める方法。プロジェクト チームは、7,000,000 個の SHDW トークンをチームに送り返し、スマート コントラクトにロックし、時間をかけて解放することを提案しています。現在のモデルでは、ShdwOperators (shdwNode および Audit Node オペレーター) に支払われる年間リリース額は 1,400,000 ～ 2,000,000 SHDW です。この金額は2年ごとに半分になり、市場に参入する新しいトークンの数が減少します。プロジェクト チームは、この希少性メカニズムにより、ネットワーク参加者が ShdwDrive および DAGGER テクノロジーの初期サポーターになることを奨励し、初期サポーターに高い報酬を提供することでコミュニティを作成するため、時間の経過とともに SHDW の価値が高まる可能性があると考えています。

現在オープンしている shdwDrive のインセンティブ付きテスト ネットワークの第 2 フェーズが終了し、北京時間 4 月 17 日の早朝に終了します。ロードマップによると、shdwDrive は第 2 四半期または第 3 四半期にテスト ネットワークの第 3 フェーズを開始する予定であり、この重要な段階ではさまざまなノード オペレーターが統合され、ShdwDrive v2 は完全な分散化に向けてさらに進むことになります。

このフェーズでは、厳密な観察と、現実世界のネットワーク関与に基づく微調整が必​​要になります。プラットフォームの信頼性を確保するには、バグと技術的負債の解決に取り組むことが重要です。プロジェクトチームは、ロードマップは新しいフェーズや機能を反映するために定期的に更新されると述べた。

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