Many of today’s Web3 solutions share the same architecture but with a token layer to incentivize sharers. Those familiar with music sharing will recognize it from the days of Napster, BitTorrent, and Limewire. P2P networking is not a very new concept on the web. They are the central authority for data on their network.
These networks provide an alternative to major tech companies such as Google’s Drive, Apple’s iCloud, or Dropbox, which host data in their data centers. What is Decentralized Cloud Storage?ĭecentralized cloud storage is a term that refers to a network of computers that store digital files. In this article, we will talk about all you need to know about decentralized cloud storage and what it means to you. Much of that capital has gone to decentralized Web3 projects. In 2021 alone, venture capital firms have put more than $27 billion into crypto-related projects - more than the ten prior years combined. No single server or institution hosts a complete piece of a file. It is a peer-to-peer (P2P) storage solution, with data sharded and spread across many servers to protect it against major outages or hacks.
People and companies participate in this decentralized cloud by making their servers or computers available to the network. One often hears about decentralization in crypto and blockchain, but what does it mean? Where exactly are files hosted if not on a company’s servers?ĭecentralized cloud storage services store data on a network of computers or servers.
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