Decentralized Data Storage
Let's explore how decentralized storage works and where the idea of blockchain rent comes from. We'll break down the Proof of Space-Time mechanism and its key applications: preventing double spending in consensus, enabling permanent data storage, and supporting a two-sided storage market. We'll discuss leading projects—their strengths and weaknesses, what actually works, and what doesn't.
- 🔹 Why the hype around Chia and Spacemesh?
- 🔹 Why does Filecoin seem questionable, while Arweave promises to preserve 80% of important data forever?
- 🔹 Why has MaidSafe been working on its project for seven years, and what does that mean for regular users?
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