Discover and read the best of Twitter Threads about #decentralizedstorage

Most recents (2)

1/15 ๐Ÿงต๐Ÿ’ก Decentralized storage & compute could truly supercharge the #InternetOfThings (#IoT). But how? Let's unpack this crucial evolution for our hyper-connected world. ๐ŸŒ๐Ÿ‘‡
2/15 ๐Ÿ“š First, it's crucial to understand the concepts. #DecentralizedStorage refers to data storage spread across multiple devices or locations, rather than a central server. #DecentralizedCompute refers to computations performed on these distributed devices.๐Ÿ’ป๐ŸŒ
3/15 ๐Ÿ“ˆ IoT devices generate an enormous amount of data daily. Centralized servers currently deal with this load, but as more and more devices connect, scalability becomes a challenge. Decentralization offers a solution. #EdgeComputing #Scalability
Read 15 tweets
Revolutionizing decentralized storage with high throughput & low fees โšก๏ธ

A threat to the Web2 cloud behemoths โš”๏ธ

Call it the decentralized Dropbox or Airbnb for cloud storage โ˜๏ธ

Here's an in-depth look at @Filecoin ๐Ÿงต Image
๐Ÿค” Think of Filecoin as an online marketplace to store data, where you can rent out storage just as you'd rent a room at @Airbnb

The idea behind Filecoin was to provide a decentralized solution to online storage providers & protocols & eliminate the need for central data storage
๐Ÿ’ก Why Filecoin?

๐Ÿ’พ Dependable data storage on a decentralized P2P network

๐Ÿ” Resilience to hacking, censorship, & outages

๐Ÿ’ฐ Incentives for honest actors & participation

๐Ÿ”จ Unique business model for users with bidding on the open market

๐ŸŒ Open source code Image
Read 13 tweets

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