Crypto investors never worry about storage space
Compared with the storage demand 10 years ago, it has boosted 10 times, but the supply remains insufficient. Users are then required to pay for a higher fee for storage on traditional cloud storage platforms, for instance Apple, Amazon, Google etc. It is never a worry for crypto investors, as they believe in decentralization.
Traditional storage platforms will soon become saturated, users may need to pay additional fee to upgrade the service, however it is endless. The emergence of Filecoin, or some other cryptocurrencies with storage ideas, reverse the situation. They take “decentralized storage” as a gimmick, to get rid of centralized cloud storage, make full use of redundant space and distribute storage, which not only expands the storage space, but also makes it cheaper.
Investors who are active in cryptocurrency do not need to use traditional cloud storage platforms to store data. Instead, they only need to choose a suitable decentralized network and pay the least amount of money to get the most storage space.
Arweave
Arweave is a one-time payment protocol for permanent file storage. It provides a storage solution called Permaweb, a permanent network, makes use of the non-tamperable feature of the blockchain to write the content directly into the block, in order to achieve permanent storage.
However, it has few practical applications, which is inconvenient for developers.
Arweave can save data based on HTML5 web pages. But at present , most of the data stored in Arweave are screenshots of anti-government comments on Twitter.
Secondly, Arweave is unique because the content can never be tampered with, which makes program development more difficult, because the program uploaded to Arweave by the developer must be completely correct. If there is an error, the previous uploaded content will be invalidated and need to be re-uploaded, which will definitely cause a lot of useless rubbish.
Arweave can help organizations store entire and non-tamperable knowledge and information. For instance, climate change databases. Currently, Arweave works with the National Oceanic and Atmospheric Administration to store ongoing carbon dioxide measurements permanently as a test on Permaweb.
Filecoin
Filecoin is the storage and incentive layer of IPFS system.
IPFS is a point-to-point hypermedia protocol. Users can adopt the distributed network of IPFS to store and transmit data to each other. It aims at replacing the traditional hypertext transfer protocol HTTP, abandoning the transfer of files downloaded from a centralized server to a local browser. and changing into a point-to-point download, to provide a safer, faster Internet experience.
IPFS targets the Hypertext Transfer Protocol (HTTP) protocol of the Internet. Its vision is to become the storage layer of Web 3.0 and establish a new Internet architecture. At present, more than 5 billion files have been uploaded to the IPFS system, and more than 100 blockchain projects use IPFS to store data and files, which has become one of the important infrastructures of decentralized networks.
In Filecoin network, the cost of miners’ hardware is paid through block rewards. Storage services are matched by bidding transactions, so as to reduce the price of storage.
BitTorrent
BitTorrent, a network protocol program company, the first company created P2P transmission and peer-to-peer technology for sharing files on the Internet. BitTorrent is built on the basis of peer-to-peer. As long as there are more users, the more users download the same file, the faster the file can be downloaded. After the download procedure, maintain the upload status, then you can share and become the torrent file (.torrent), upload and download the files at the same time.
IPFS system is an improved version of BitTorrent. No matter if it is a folder or a single file, users can send requests accurately. On the other hand, BitTorrent relies on torrent files, which are constructed by the uploader and bundled with data.
From the data listed above, 95% of people use cloud storage platform services, and 44% of people will join in the future, indicating that the demand for data storage is huge and it is a necessity.
