What is Decentralized Storage? (IPFS, Filecoin, Sia, Storj & Swarm)

What is Decentralisation + Storage?

So why Decentralized Storage?

  • Equifax (Data costs of up to $400M)
  • Facebook Cambridge Analytica (Up to 87M user data leaked)
  • IPFS + Filecoin
  • Sia
  • Storj
  • Swarm

IPFS + FileCoin

  • Hash addressing makes the content immutable. Does not disappear like current HTTP protocol
  • Saves bandwidth by collecting content from multiple nodes and pieces instead of from one server
  • Access to content “offline” or in low connectivity 3rd world or rural areas, in the same sense that git works offline.
  • Censorship resistant
  • Caters to the decentralization ethos
  • Stage: In development
  • Tech: Proof of Spacetime and Proof of Replication
  • Token Economics: Max supply of 2 billion

Siacoin

  • Stage: Live
  • Tech: File Contracts, Proof of Storage
  • Token Economics: Maximum token supply of 425 Million
  • Token Circulation: 98.5 / 425 Million

Storj

  • Stage: Live
  • Tech:
  • Token Economics: Maximum token supply of 425 Million
  • Token Circulation: 29.78 / Uncapped

Swarm

  • Stage: Building + Proof of Concept (Go)

Similarities and Differences

Concluding Thoughts

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