Revolutionizing Decentralized Hot Storage: Storacha Partners with Filecoin (FIL)
Welcome to Extreme Investor Network, where we bring you the latest updates and insights in the world of cryptocurrency and blockchain technology. Today, we are excited to share with you a groundbreaking partnership between Storacha and Filecoin that is set to revolutionize decentralized hot storage using Proof of Data Possession (PDP).
Storacha, a major data onboarder to the Filecoin network, has partnered with Filecoin (FIL) to integrate their innovative Proof of Data Possession (PDP) technology. This collaboration aims to ensure secure, accessible data with exceptional availability and durability.
Breaking Down the Innovation
Storacha is uploading up to 10 terabytes of data daily to Filecoin’s decentralized storage system, guaranteeing secure, always accessible data. By utilizing Filecoin’s Proof of Replication (PoRep), each storage provider maintains a unique data copy, ensuring data integrity and availability.
Introducing Proof of Data Possession (PDP)
Filecoin’s new Proof of Data Possession (PDP) technique allows Storacha to validate data retrievability and immediate access readiness. PDP is designed to be efficient and reliable, enhancing the overall performance of the storage network.
Collaboration for Enhanced Performance
Storacha has joined forces with key players in the Filecoin ecosystem to optimize their storage solutions. Collaborations with FilOz, Curio, and the Filecoin Incentive Design Lab (FIDL) are aimed at enhancing core infrastructure, developing PDP, and integrating SPARK for retrieval testing.
Setting High Standards with SLAs
Storacha is committed to achieving 99.9% availability and 99.9999999% durability through the implementation of PDP, improved unsealing times, and maintaining additional data copies for quick access. Multiple data copies stored across the Filecoin network reduce the risk of data loss.
Focusing on Web3 Applications
Storacha’s focus is on prioritizing web3 markets like NFTs, gaming, AI, and deep end networks over the crowded web2 market. They aim to provide superior performance, SLA compliance, functionality verification, standard storage terms support, and smart contract compatibility on various chains.
Efficient Operations for Storage Providers
Storacha streamlines operations for storage providers by offering independent node operation, Lotus API integration, and efficient disk access coordination with Curio, ensuring a hassle-free experience for all partners.
PDP Rollout Strategy
The rollout of PDP will commence with Filecoin’s Layer 1 to demonstrate data security and accessibility before scaling to Layer 2 to meet increased demand and maintain efficiency.
Long-Term Strategy
Storacha’s long-term strategy includes tighter integration with Curio, operational logic transfer to Filecoin’s Layer 2 using Interplanetary Consensus (IPC), and leveraging Filecoin’s escrow and payment framework for secure transactions to enhance scalability, performance, and security.
Conclusion
Storacha’s partnership with Filecoin signifies a significant leap forward in decentralized hot storage. By harnessing innovative technologies like PDP and collaborating with key ecosystem players, Storacha is on course to deliver a robust, reliable, and secure storage solution for the decentralized web.
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