The rise of Web3 has resulted in the need for decentralized storage solutions which allow users to archive, retrieve and maintain their own data. Will they be able to break centralized web service providers' stranglehold on the market?
John Gleeson, chief operating officer of decentralized storage network Storj, told Cointelegraph that decentralized infrastructure is the most credible disruptor for the centralized internet:
Similar to Filecoin’s incentive model, Gleeson explained that the Storj network consists of “storage nodes” that are used to store data for others. Contributors are paid for allocating their storage and bandwidth. “All data stored on storage nodes is client-side encrypted and erasure-coded,” he said.
Greg Gopman, chief marketing officer of Ankr, told Cointelegraph that 17 of the top 20 proof-of-stake blockchains useto allow access to their blockchain data. Every time Ankr handles an RPC request, a node is required to fulfill it, which Gopman mentioned is Ankr’s core service. According to Gopman, Ankr uses both Filecoin and Storj to store images of nodes, along with blockchain transactions.
Gopman added that Ankr initially used AWS for this process but that the platform was slower and more expensive. “AWS wasn’t optimized for Web3. AWS is set up for distributed systems, yet we run profiles on servers for decentralized infrastructure. Moreover, AWS only has 13 geo-locations and we have around 30.”In addition to storage, other solutions are being offered to ensure an entire suite of decentralized web services for the Web3 economy.
It’s also interesting to point out that solutions capable of aggregating different types of decentralized storage networks are coming to fruition, highlighting market growth. For example, Max Li, chief operating officer and founder of Computecoin, told Cointelegraph that the company aims to provide all key AWS services such as computing, storage and machine learning in a decentralized manner.
“By tapping into massive latent capacity all around the globe and paying only for what's used, decentralized cloud storage delivers comparable durability and availability to centralized cloud storage, at a price that is 80% lower than AWS.”
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