Centralized cloud storage is data held in massive data centers run by a single organization that consumes large amounts of energy. Decentralized cloud storage encrypts data, breaks it up and distributes it for storage on drives that are run by different organizations in lots of different places, each with a different power supply and network connection, creating something much less wasteful. There are no data centers, no storage oligopolies and no vendor lock-in.
At first blush, it sounds a bit crazy. How can that work? How can it be feasible? How can it even be real?
The good news is it is very real and very feasible today. Here is our take on the common misconceptions we hear every day about decentralized cloud storage and the facts to bust them.
One benefit of decentralized cloud storage is reliability. Traditional cloud storage stores data within a single provider’s data center. If a natural disaster or cyberattack causes problems in that data center, users could lose their data. Even in a less catastrophic situation, a data center outage would prevent customers from accessing their data. While the big cloud storage providers offer their customers the option to replicate data to centers in other regions, this practice can get expensive, so not everyone takes advantage of it.
Decentralized cloud storage scatters data across multiple cloud storage devices in a variety of places. This process helps to insulate the data against center-level failures.
In a normal cloud storage method, all company and employee information are gathered and stored in large data centers, which often falls victim to downtime and outages when the facilities go offline. But decentralized cloud storage is free of these hurdles. Here, companies get to experience a large, distributed network comprised of thousands of nodes across the globe that are independently owned and operated which store data on the organizations’ behalf.
ColdStack and BitTorrent are working together to make the capabilities that BitTorrent possesses to the ColdStack ecosystem. Both platforms have a lot to offer, and now ColdStack users will have the ability to leverage the world’s most advanced P2P sharing ecosystem from the ColdStack platform.
“BitTorrent File System (BTFS) is one of the first decentralized file storage systems, and provides a foundational platform for decentralized apps. BTFS is supported by millions of BitTorrent user nodes. It is both a protocol and network implementation that provides a p2p mechanism for storing and sharing digital content in a decentralized filing system. It is a next-generation file-sharing protocol utilizing the TRON network and the BitTorrent ecosystem.”
Now, the infrastructure is emerging that allows video storage and distribution to happen in a decentralized way, making it resistant to censorship. In itself, this is a fundamental shift from the way that we consume video today. However, by introducing the ability to create video-based NFTs of the length of an entire TV show or movie, the shift becomes even more significant.
Thanks to the availability of services like Storj and Filecoin, such a paradigm shift is now underway. By combining a video NFT creation platform and marketplace with decentralized file storage capabilities, there’s no need to depend on Ethereum or on any of the centralized data providers like AWS.
When something leaves the world, something new is born! Web 2.0 is soon going to be replaced with its smarter sibling i.e. Web 3.0; overcoming the issues of security and privacy.
Instead of insecure databases and opaque data sharing practices, Web 3.0 will return control to the users which mean they will be able to access data from anywhere; mainly being driven by cloud applications and smart-phones. Apart from security, personalization is another add-on!
It’s almost impossible to talk about Web3.0 without digging into blockchain and the surrounding crypto tech. The reason for this is simple. In the pre-crypto era, the dream of a decentralized web, controlled by people rather than governments or corporations, was just that, a dream. While Bitcoin’s or Ethereum’s success as a new currency is questionable, what it really did was tip the fragile balance. For the first time we saw a live demonstration of a decentralized network. But what the dream needs now is infrastructure.