The Rise of Decentralised Cloud Storage
Introduction
Due to limitations and many restrictions within centralized cloud storage platforms: users are moving towards decentralized cloud storage.
Many entrepreneurs are aware of this ongoing situation which encourages them to enter this market by launching their innovative and advanced decentralized cloud solutions.
You can learn about this new type of cloud, its benefits, and business potential from this blog.
What is decentralized cloud storage?
Decentralization in the cloud makes the users’ data uncontrolled by any centralized party, making their data more secure and accessible. The data gets stored on all the computers connected to the specific blockchain network, such as Ethereum and other blockchains. But, users get more benefits from this decentralized cloud platform.
However, central computing resources are stored in one place. At the same time, in the case of a decentralized cloud, it is distributed all over the place among its blockchain members using their computing resources.
The thing that matters most about the centralized cloud is its file location. For accessing data in this storage, you’ll need to know its place over the server, i.e., its web link.
But here are a few drawbacks of centralized cloud services:
1. There is a high hosting cost in centralized storage.
2. It has less data transmission speed.
3. There are more security risks in centralized storage.
4. The hosting provider can control or manipulate users’ data.
5. When data is shifted to the new cloud server, every user will need a new web link to access the data at the new location.
While in the case of a decentralized cloud, these drawbacks can be removed. It stores the user’s data over decentralized networks through encryption and other data practices, and decentralization lets users access their data from anywhere.
Why do users prefer decentralized cloud storage?
Decentralized cloud storage advantages
So, what are the reasons that make users choose decentralized cloud platforms?
1. More security & privacy
The storage provider can do anything to users’ data in centralized storage, which can be manipulation, removal, theft of data & so on. Also, it leaves more potential threats for cyberattacks by hackers and competitors.
The best way to remove all these problems is to shift to a decentralized cloud. The data encryption on these servers makes users’ data more secure and private over the decentralized network.
2. No chance of losing files
There are countless copies of users’ files over the decentralized network, as their files will get stored on all the different nodes on that specific blockchain. So even if there is a data transmission error on particular nodes, the users can still access the data from the various nodes over that blockchain.
High download speed
Centralized storage has limited computing power to manage massive traffic, and it consists of countless nodes that work on peer-to-peer technology, making more computing power available. Also, fewer restrictions on file transfer in blockchains allow files to transfer at higher rates.
4. Cost efficiency
No limits apply to the number of computers connected to a specific blockchain for contributing to providing computing power and storage. The number of these nodes is increasing daily as the members of particular blockchain networks are getting more benefits, like earning passive income by connecting to it.
5. Easier file transfer
There are many reasons for easy transfer. Due to having more available & better computing power, users can access their files without needing a web link. Also, it has fewer restrictions on file transfer.
The best examples of decentralized cloud storage
1. Bittorrent
It is one of the oldest platforms, and almost everyone has used it once in their lifetime to download free games, movies, and even software. It was founded in 2001 and is well known for uploading and downloading pirated media.
2. Filecoin
Filecoin is a P2P network service well known for its one of the ever-largest initial coin offerings. It uses its cryptocurrency, “FIL,” to provide storage services to which users pay FIL to store their files on this platform.
It is an open market that offers great flexibility for using its benefits in terms of pricing and using resources. The only downside is that it only supports Linux and macOS, but not windows.
3. Sia
It uses a peer-to-peer mechanism for file storage and a marketplace for hosting applications. It distributes the file segment to all its different nodes worldwide to eliminate a single point of failure, as that mostly happens in centralized storage.
Bottomline
Creating your decentralized platform by blockchain development for your customer can be the best option for you, and it is the perfect time to start this due to less competition and more potential.
