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.