Blockchain: Let's Understand What is Decentralized Storage
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Blockchain Use Case: Let We Know about Decentralized Storage

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Blockchain Use Case: Let We Know about Decentralized Storage

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Blockchain technology helps to optimize work. One of them, blockchain can be applied in terms of data storage or better known as decentralized storage.

Decentralized storage is a data network or data storage area that follows a non-centralized system. Types of blockchain that can be used for this storage are Bittorent and Filecoin.

Bittorent and Filecoin provide data storage networks such as the cloud on the internet, for example, Google Drive and AWS from Amazon. But what distinguishes the two is that the blockchain data storage network is not centralized, whereas Google drive and AWS are centralized. You can trade Bittorent and Filecoin on Indodax exchange.

Why did decentralized storage Founded?

Before blockchain developers discovered this technology, there were several problems that were often found in conventional storage. Here are some of the problems:

  1. Data attack: Almost all centralized storage players have the potential to be attacked because they only have one security system.
  2. More expensive storage costs: Centralized storage costs more to increase security so that it is not easily attacked.
  3. Non-private data: If you store data on a centralized storage network, the storage provider also owns your data. So it is more at risk of potential abuse.

Decentralized Storage is a Solution

Blockchain use cases are here to solve these problems. Decentralized storage uses the InterPlanetary File System (IPFS), which is a protocol that allows users to use the content’s addressable link to exchange data.

So, decentralized storage solves various problems that exist in conventional storage. Put simply, this technology safer and more efficient.

So, that’s the blockchain use case discussion this time. Hopefully, your knowledge on blockchain continues to grow.

Don’t miss other interesting information on Indodax Academy and Indodax’s official social media. You can get everything for free so that you increase your knowledge and increase your interest in trading.

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