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Decentralized Storage: Free Egress and 3-layer Security with High Performance and File Sharing encapsulates Next Generation Storage

Harshit Mehndiratta
July 26, 2022
Decentralized Cloud Storage

In recent years, decentralized storage (dStorage) systems have seen quite a rise between organizations, developers, and consumers. The high cost of egress and security are the primary reasons companies are shifting from traditional centralized storage solutions to decentralized storage technology.

In an era where data sovereignty has become a pivotal concern for individuals and organizations alike, decentralised storage offers a compelling solution. By leveraging blockchain technology, it promises an unprecedented level of security and privacy, putting full control back into the hands of users. Entities such as Bitcoin, Ethereum, and newer blockchain projects are continuously evolving, embedding sophisticated encryption within their infrastructure to safeguard data against unauthorized access. This technological leap ensures that privacy isn’t just a promise but an embedded reality in data transactions and storage.

Unlike a centralized storage solution that holds all your confidential data in one place, decentralized storage systems are made up of a network of operators around the world who store your data fragmented over several servers

Decentralized-Storage
Decentralized Storage: Full Control Over Data, Security & Privacy – Decentralization Meets Storage Comparrison

A decentralized storage solution usescan use the blockchain blockchain-based system to keep track of data changes and enables automated payment for storage services to the providers on the network.

A decentralized storage architecture is essentially a multi-cloud architecture is powered by storage providers from across the globe.

A key feature of dStorage is to data security through 3 layers which include 1) data fragmentation, where the file is fragmented and distributed over several servers 2) proxy re-encryption which allows users to encrypt data and share it to a 3rd party with a decentralized proxy key and 3) immutability which enables user to prevent any deletion or change of their data even in the case of a compromised server.

Another key feature is the ability for a user to switch providers anytime rather than get locked in with one vendor, which is a problem in the cloud storage industry today. One reason why this is the case is because egress is not free and for a large dataset can be expensive to migrate over to another provider.

The cost of dStorage is substantially less and a constant unlike traditional cloud where there is an add-on charge for file operations of writes and reads, With free egress, decentralized storage offers only one price to their customers and there are no hidden charges, and is a linear growth in cost based on stored data, rather than exponential growth in cost due to reads, writes, and updates.

The performance of decentralized storage is much better than traditional cloud because all the file operations are done in parallel which enables better bandwidth performance assuming the client server has a relatively much higher bandwidth. This is the case for AI data engines in a compute environment, where they need to  ingest the data from S3 very quickly and process them fast in order to change their models to provide a real time AI response to a current event for their clients.

Exploring the Ecosystem: Blockchain, Bitcoin, and Ethereum Lead the Crypto Evolution with Advanced Encryption

The evolving digital landscape is prominently marked by the burgeoning blockchain ecosystem, with Bitcoin and Ethereum at its helm. These leading cryptocurrencies are not only carving out a new financial narrative but are also showcasing the vast potential of blockchain’s encryption technology. As the underpinning technology, blockchain’s immutable and encrypted ledgers offer an unparalleled level of security and transparency, laying a solid foundation for an array of crypto assets. The synergy between blockchain, Bitcoin, and Ethereum fosters a robust and dynamic ecosystem, fueling innovation and setting a new benchmark in digital encryption standards. This narrative defines a new era of financial interactions, where crypto-assets become a pivotal part of a secure, decentralized economy.

Decentralized Storage Blockchain

Thanks to Bitcoin! Blockchain technology has expanded to many domains in recent years, and now organizations are using it for secure data storage. To understand how blockchain complements the storage processes, we have to dwell back into history.

The process dates back to the peer-to-peer (P2P) file sharing system such as BitTorrent, famous for downloading music and files. The mechanism P2P systems used was very similar to what decentralized storage solutions currently implement.

In P2P storage, files that have to be shared /downloaded are maintained as copies by the network users. This is similar to the decentralized storage system, which consists of storage providers that provide their hard drive space to store data.

Decentralized peer-to-peer (P2P) cloud storage is a revolutionary technology that offers numerous advantages over traditional cloud storage services. Unlike centralized cloud storage providers that rely on a single server or a cluster of servers, decentralized P2P cloud storage utilizes a network of connected devices to store data. This network is known as a distributed network, where each device connected to the network acts as both a client and a server. This distributed network ensures that the data is stored redundantly, meaning that if one device fails, the data can still be retrieved from other devices on the network.

Decentralized P2P cloud storage offers several benefits, including better security and privacy. With no centralized server, there is no single point of failure, making it much harder for attackers to compromise the system. Additionally, data stored on a decentralized network is encrypted and is only accessible by those who have the decryption key, providing an extra layer of security.

Another advantage of decentralized P2P cloud storage is speed and uptime. With traditional cloud storage services, users often experience slow download and upload speeds, and the service may be unavailable during maintenance or server downtime. In contrast, decentralized P2P cloud storage offers faster download and upload speeds and better uptime since the data is distributed across several devices on the network.

In conclusion, decentralized P2P cloud storage is the future of cloud storage technology. It offers better security, privacy, speed, and uptime than traditional cloud storage services. Züs is a leading provider of decentralized P2P cloud storage services you can trust for all your cloud storage needs. Try Züs today and experience the benefits of decentralized storage for yourself!

Ethereum Blockchains Revolutionise Cloud Storage Services: Decentralization, NFT Arbitrage, and Data Privacy Enhanced

In a digital age where data privacy is paramount, integrating Ethereum blockchains with cloud storage services is heralding a new era of decentralized solutions.

Through the adoption of blockchain technology, the decentralization of cloud storage is not merely a concept but a rapidly evolving reality.

The unique facet of blockchain, where data privacy is ingrained, complements the essence of secure and private storage, making it a promising alternative to traditional cloud storage paradigms.

The prospect of NFT arbitrage on Ethereum blockchains is an intriguing blend, adding a new dimension of value and ownership to the digital assets stored securely on decentralized platforms.

The synergy between decentralization, robust blockchain frameworks, and innovative storage solutions is poised to redefine data privacy norms and foster a trustworthy digital environment for individuals and enterprises.

Decentralized Cloud Storage Network

NFT Storage Decentralization and Blockchain: The Nexus Between Ethereum, NFTs, and Privacy-centric Cloud Storage Arbitrage

The decentralization of cloud storage services through blockchain technology, especially on platforms like Ethereum, is an innovative stride towards more secure and private digital storage solutions.

With the burgeoning interest in NFTs, the importance of reliable and privacy-centric storage has surged, necessitating blockchain integration to ensure data privacy and authenticity.

Blockchain’s inherent data privacy features make it a formidable backbone for decentralized storage, providing a transparent yet secure framework for managing and storing digital assets.

The arbitrage opportunities presented within this ecosystem, mainly through NFT transactions on decentralized platforms, highlight the potential for a more equitable digital economy.

As the confluence of decentralization, Ethereum blockchains, and NFT arbitrage continues to mature, the cloud storage paradigm is shifting towards a more user-centric and privacy-oriented model, heralding a new chapter in data management and digital ownership.

Decentralized Cloud Evolution: Bridging Cloud and Cloud Storage Technologies for a New Era

The emergence of decentralized cloud technologies is revolutionizing how data is stored, managed, and accessed. Unlike traditional cloud storage centers, which are managed by a single entity, a decentralized cloud operates across various nodes, ensuring enhanced security and data sovereignty.

This new paradigm leverages cryptographic encryption to safeguard data, ensuring only authorized parties can access sensitive information.

The convergence of decentralized and traditional cloud storage systems is forging a new path in data management, offering robust solutions that cater to the evolving needs of businesses and individuals alike.

As crypto technologies continue to mature, they are poised to play a critical role in bolstering the security and efficiency of both decentralized and traditional data storage centers, paving the way for a more reliable and transparent digital storage ecosystem.

Decentralized Cloud Evolution: Merging Cloud Storage and Cloud Technologies for a New Era of Data Solutions

The decentralized cloud is emerging as a groundbreaking alternative to traditional cloud storage, offering unparalleled security and data sovereignty.

Unlike centralized storage centers, decentralized cloud storage distributes data across a network, ensuring robust security and enhanced accessibility. This new storage paradigm is fuelled by crypto technologies, creating a secure and immutable platform for data management.

By eliminating a single point of failure, the decentralized model is rewriting the rulebook, making data storage more resilient and user-centric. As the crypto sector matures, the integration of decentralized cloud storage is poised to redefine how individuals and enterprises manage, access, and secure their data.

Similarly, dStorage platforms have their storage crypto with a particular type of blockchain. These tokens can be used with projects built within the blockchain, and the main benefit of crypto tokens over traditional currency is that they help keep the underlying structure secure, cost-efficient, and private.

Using any traditional currency for renting storage space on centralized storage providers can cost you hefty exchange conversion fees/taxes since a centralized authority maintains them. In contrast, storage cryptocurrencies operate in a decentralized way without any mediators.

Before we discuss decentralized storage with cryptocurrency, let’s try to understand where it originated. Crypto coins are launched directly with a particular blockchain to trade natively on the network.

Decentralized Cloud Storage Network

The big difference is decentralized storage solutions are extending this to large-scale organizations and using blockchain consensus and incentive mechanisms to participate in the network securely.

In a typical blockchain network setup, the data is stored as blocks by miners, who are rewarded for their participation in providing computing power for solving complex algorithms and validating these blocks. Each block that gets validated is impossible to alter, which makes the data on the blockchain secure.

A decentralized storage setup blends blockchain security with traditional cloud storage to create a reliable and transparent storage mechanism. A decentralized Blockchain storage network maintains a ledger of all the confirmed/validated storage transactions. The storage files are stored in small chunks across the network and are secured with encryption and kept private using cryptography hashes.

To understand the dStorage mechanism, we will use our Züs dStorage platform as an example; Züs uses a proof of stake blockchain consensus mechanism with sharding and blobbers. Sharding is a process of partitioning the blockchain into smaller chains to compute more efficiently. At the same time, blobbers/storage providers work as an incentive for all the entities involved and get paid for their contributions. The avid contribution by storage entities around the world also helps in keeping the overall costs of decentralized storage down.

Decentralized Storage Crypto

Before we discuss decentralized storage with cryptocurrency, let’s try to understand from where it originated. Crypto coins are launched directly with a particular blockchain to trade natively on the network.

Similarly, dStorage platforms have their storage crypto with a particular type of blockchain. These tokens can be used with projects built within the blockchain, and the main benefit of crypto tokens over traditional currency is that they help keep the underlying structure secure, cost-efficient, and private.

Using any traditional currency for renting storage space on centralized storage providers can cost you hefty exchange conversion fees/taxes since a centralized authority maintains them. In contrast, storage cryptocurrencies operate in a decentralized way without any mediators.

Currently, in the market, there are various storage coins available, such as Storj(STORJ), Sia and Züs(ZCN), whose prices differ from each other depending on their market capitalization. Vendors use all of these storage coins as a currency to pay users who are renting out their storage space, and can be used to exchange for other fiat and cryptocurrencies.

Best Decentralized Storage

Revolutionize Your Data Storage with Decentralized File Storage!

As data storage needs continue to grow, more and more individuals and businesses are turning to decentralized storage networks as a solution. These networks offer a decentralized permanent storage mechanism that ensures data is stored securely and efficiently. Unlike traditional centralized data storage, decentralized file storage allows for data to be stored on a network of computers, making it much harder for malicious actors to compromise the data. With decentralized storage networks, individuals and businesses can enjoy greater control over their data and ensure it remains accessible for years. So why not switch to decentralized file storage today and enjoy the benefits of permanent data storage?

There is a wide variety of decentralized storage solutions available in the market through which you can earn incentives in their native cryptocurrency by renting your storage space. In this section, we will be discussing the best decentralized storage solutions that you can use right now.

FileCoin

FileCoin, a decentralized cloud storage platform, rewards people with their native cryptocurrency(FIL) to users who provide their storage space on rent for hosting files.

The process is relatively easy. The storage provider joins the network, which makes the unused storage capacity on their system used for users and organizations who need space for their files.

The files stored on the storage provider’s hard drives are secured with end-to-end encryption, so third parties cannot access your data.

Storj

Storj is another established decentralized cloud storage solution that you can use for storing your files. Like Filecoin, with Storj, the files are kept encrypted and private to avoid data breaches.

We split the files to provide a decentralized storage mechanism by making smaller pieces and storing them on different storage providers’ PCs worldwide. If a file is requested, it will be combined again by fetching the parts from different computers connected via Storj dStorage network and made available for viewing and downloading.

Earning money by providing your storage space to Storj is a three-step process. Check the instructions here.

Sia

Another popular option on the decentralized storage solution list is Sia, which also uses blockchain technology for securing files and folders. Just like Storj, Sia also utilizes unused storage space from computers around the world to provide highly low-cost cloud storage compared to traditional cloud storage solutions.

With Sia, the security and privacy of files also stay intact; the files are encrypted, and people who have access to these files can only access them. No intermediaries or regulating authorities can access your data as the platform does not use centralized storage servers.

To rent your storage space to Sia check the instructions here.

Centralized Vs. Decentralized Storage

Decentralized Storage Blimp App – Discover Zus – Your Ultimate Decentralized Storage Solution with Unparalleled Privacy

There are certain advantages that decentralized storage has over centralized storage, which makes it an emerging and more trustworthy data storage option for the future.

Data Ownership

Users hosting data and applications using centralized cloud storage solutions depend highly on their data storage policies. The centralized authority can monitor, disclose, or censor the data (dependent on their regulations), which can take ownership of the data from the user’s hands.

But in the case of decentralized storage providers, the data is stored in smaller chunks across distributed computers on the network, which secures the data from any intermediaries or centralized authority who wants to take control or regulate your sensitive information.

Additionally, with decentralized storage systems, the owner’s personal information is kept private, which is not the case with centralized storage systems.

Storage costs

When using centralized storage solutions, centralized providers can likely control the price of storage servers and bandwidth and charge you a premium based on availability and demand.

This is different with decentralized data storage solutions. The dStorage network consists of thousands of nodes that store data in a distributed fashion worldwide. This results in a large amount of storage space available, which makes the pricing fair for users.

No participant in the dStorage network can charge a premium price since there are plenty of storage providers available at affordable prices. This can help organizations keep the overall cost of storage notably lower compared to the centralized cloud storage system.

Data Security

Under a centralized cloud storage ecosystem, servers are typically located in a single area or geographic region. This can increase the chances of your data getting wiped off or unavailable in case of a power outage or a network failure.

But, with decentralized storage, this is different. The data gets encrypted and distributed across multiple computers on the network, which not only provides high file availability in case of a power outage but also provides extra file security in case of data breaches.

Data Transmission and speed

The speed at which data gets downloaded or retrieved from storage servers makes a significant impact on how enterprises around the world function. In the case of centralized storage servers, data transmission tends to become slower as you start moving away from the central location of the file server.

However, when using decentralized storage solutions, this is different. DStorage network utilizes a peer-to-peer (P2P) network that stores files at different locations for fast download and retrieval of files.

Decentralized Storage Projects

With Decentralized storage(dStorage) gaining popularity in recent years, there are already various options available in the market to extend functionality and develop dStorage solutions. We will be discussing the most established ones in this section:

IPFS

IPFS, or InterPlanetary File System, is a peer-to-peer (P2P) protocol that can be used to build decentralized storage solutions by developers. Launched as a beta in 2015, IPFS is a mature project for sharing and storing content in a decentralized manner.

IPFS rose to popularity because of its peer-to-peer content retrieval mechanism in which thousands of peers worldwide work as nodes to run a secure decentralized content network.IPFS voids file duplication, which means identical files are only stored once on IPFS nodes, resulting in low storage costs. Overall.

Currently, IPFS is utilized by many dStorage vendors to make storage more transparent, safer, and faster. Check the list of IPFS projects backed by companies here or the FAQ for more specific information.

Filecoin

Filecoin is a decentralized cloud storage project that provides APIs and toolkits for developers to build applications over their dStorage mechanism.

Filecoin utilizes IPFS for decentralized file storage, which means files will be secured and encrypted using cryptographic proofs with a unique content ID.

Filecoin aims to address HTTP limitations for distributed storage with its IPFS-based offerings. Also, Filecoin has been known in decentralized storage space for one of the most extensive initial coin offerings(ICO) of all time, which may help support the wide variety of IPFS use cases and applications.

Storj DCS

Storj is another secure and private s3-compatible decentralized cloud storage project that seamlessly works with various centralized developer tools and apps.

Storj DCS can be easily integrated with popular file-storage tools such as FileZilla, MongoDB, and Rclone. This opens doors for developers who want to develop new capabilities and services around the decentralized ecosystem while utilizing the benefits of tools currently used by leading centralized storage providers.

Decentralized Storage Networks

A distributed storage solution always has a decentralized network of clients that securely helps in storing files and eliminating data failures. The decentralized storage network also acts as a gateway for those who want to rent their storage space and for those who want secure and affordable storage for their files.

Decentralized storage networks can be entirely based on blockchain mechanisms or combined with an array of technologies to enhance the functionality of blockchain. Overall, a dStorage network aims to improve data resiliency, privacy, and security by reaching a consensus without the involvement of any centralized authority.

All the participants of the dStorage network have to meet the consensus by proving they have stored the exact version of the file during the time it is requested. The duration for which the file has to be stored is configured via a smart contract between storage providers and customers.

Different decentralized storage networks can use different consensus mechanisms based on the use case or a specific industry. In the next section, we will have an overview of the advantages of blockchain-based storage systems for IoT computing devices.

Decentralized Storage Blimp App - Discover Zus - Your Ultimate Decentralized Storage Solution with Unparalleled Privacy

Decentralized Storage For IoT

The biggest challenge with IoT computing devices is their reliance on centralized storage models.  The IoT ecosystem is connected and authenticated via an expensive centralized storage server.  Each request has to be routed via the internet, even if it is called from a building nearby or from a place located in another country.

This storage mechanism can only fuel up the IoT networks of today.  However, it will not be a feasible option for handling large-scale IoT ecosystems, which are tomorrow’s needs.

To handle massive IoT networks, the high infrastructure and maintenance costs of a centralized cloud should be substituted with a secure and affordable decentralized network approach. The decentralized network approach will connect all IoT devices through a single platform.

A decentralized IoT network would not only address the challenges mentioned above but will also increase the capacity to process IoT transactions per second via a peer-to-peer approach. The cost to maintain and install high-compute centralized data centers will also decrease significantly since the IoT storage processing will be distributed across a large number of devices on a decentralized storage network.

However, there can be challenges in terms of new consensus models for confirming IoT transactions. A secure and revised IoT consensus mechanism is highly required for protecting sensitive data and maintaining anonymity on networks.

Concluding Thoughts

We hope you can get a better perspective on dStorage technology through this article. Should you replace your current centralized storage mechanisms with a decentralized storage solution? We leave this decision to you.

There are many established centralized storage solutions available in the market, such as Amazon, Dropbox, GDrive, etc.  Currently, they are the epitome of the current cloud storage scenario. Still, the drawback is that they have created a storage system that has become outdated according to the current data privacy and storage requirements.

This is where decentralized blockchain storage networks come to the rescue. These systems are fostered for the future and strive to provide transparent and sustainable storage to fulfill customer needs better.

About Züs

Zus is a fast multi-cloud storage protocol and network with advanced security features, free egress, and real-time vendor switching capabilities. Züs is ideal to prevent ransomware, data breach, and privacy leaks, and for high performance AI data processing.

References:

http://en.wikipedia.org/wiki/Decentralization
http://en.wikipedia.org/wiki/Cloud
http://en.wikipedia.org/wiki/Data
http://en.wikipedia.org/wiki/Cloud_storage
http://en.wikipedia.org/wiki/Blockchain
http://en.wikipedia.org/wiki/Non-fungible_token
http://en.wikipedia.org/wiki/Filecoin
http://en.wikipedia.org/wiki/Information_privacy
http://en.wikipedia.org/wiki/Cryptocurrency
http://en.wikipedia.org/wiki/Data_storage
http://en.wikipedia.org/wiki/Technology
http://en.wikipedia.org/wiki/Ecosystem
http://en.wikipedia.org/wiki/Encryption
http://en.wikipedia.org/wiki/Speed
http://en.wikipedia.org/wiki/File_hosting_service
http://en.wikipedia.org/wiki/Non-fungible_token
http://en.wikipedia.org/wiki/Non-fungible_token
http://en.wikipedia.org/wiki/Information_privacy
http://en.wikipedia.org/wiki/Architecture
http://en.wikipedia.org/wiki/Experience
http://en.wikipedia.org/wiki/Bitcoin
http://en.wikipedia.org/wiki/Decentralization
http://en.wikipedia.org/wiki/File_system
http://en.wikipedia.org/wiki/BitTorrent
http://en.wikipedia.org/wiki/API
http://en.wikipedia.org/wiki/Software_development_kit
http://en.wikipedia.org/wiki/Pricing
http://en.wikipedia.org/wiki/End-to-end_principle
http://en.wikipedia.org/wiki/Single_point_of_failure
http://en.wikipedia.org/wiki/Initial_coin_offering
http://en.wikipedia.org/wiki/Web3
http://en.wikipedia.org/wiki/Decentralization
http://en.wikipedia.org/wiki/Alchemy
http://en.wikipedia.org/wiki/Ethereum
http://en.wikipedia.org/wiki/Blockchain
http://en.wikipedia.org/wiki/Binance
http://en.wikipedia.org/wiki/Metaverse
http://en.wikipedia.org/wiki/Wallet
http://en.wikipedia.org/wiki/Smart_contract
http://en.wikipedia.org/wiki/Frontend_and_backend
http://en.wikipedia.org/wiki/Mining
http://en.wikipedia.org/wiki/Object_storage
http://en.wikipedia.org/wiki/Data_retention
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