Basic Introduction of Storing Files Permanently Across a Distributed Network
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyser. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community
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We already know that a lot of Companies are trying to store our valuable Data on their centralized servers. We can simply define those services as cloud services such as Google Drive or One Drive. But here the main problem is that they can't store those Files permanently forever. Even those files look like permanently stored Files, we can't believe those files as they are centralized and installed on separate servers in one or two locations. However, most famous cloud services providers have installed their services in two or three locations as Backup servers. We can't 100% believe in those servers as it has a certain limitation.
So, we can introduce this new blockchain technology as a solution to the above-mentioned concern. That is the method of Storing Files Permanently Across a Distributed Network or a distributed millions or billions of computers. The best example of this concept is the Arweave Blockchain. It stores Data in a modern way as a distributed unchangeable network. It means that this Blockchain helps us to store our Data forever in any type of condition.
Here they have given us an opportunity to work with them to store these data by renting our computing power or storage through Blockchain technology. So, here we will be rewarded with the Arweave coin as a benefit for our contribution. This process is quite similar to Bitcoin mining. However, here we are renting our computer to store data while there renting our computing power to validate transactions.
At the same time, this Arweave Data storing network uses an advanced method of Proof of Work system which is known as Proof of Access. In addition to that, here they are using the technology of Permaweb and they have introduced a good ecosystem in the Cryptocurrency field.
Here we have the ability to permanently store our valuable files for the rest of our lives. The most interesting thing about this special technology is the higher security as compared to other popular centralized cloud storage. Here no one can modify or delete our data without our access directly.
As the network is fully decentralized on the Arweave blockchain, there is no central authority to care about our data in a single location. As the network is very fast, we have the ability to store or download our files very fastly according to the limitation of our normal data network provider's speed. In addition to storing our files here, we can also contribute as a miner to the blockchain by renting free space in our computers.
First of all, let me expand an Overview of this Arweave Project (AR). Below I have included a screenshot that I have taken from the Official website of this Arweave project.
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This is basically the modern technology of storing our valuable data on a distributed network or in Blockchain technology. Therefore, this can be a good investment as this project is very useful for all the internet users who looking for permanent storage.
So, when we need to store our files permanently, we have to invest in this Arweave coin. Then, the value of this coin should be increased when they reach new users day by day. That's why can make this as a good investment for our future even if we don't need this to store our files on this network.
As usual, I believe that the value of this Arweave project will increase further in the near future due to its usefulness. Therefore, I have also invested in this Arweave Coin as a long term investment and let me show a screenshot of my Binance wallet as proof of my Holdings. You can see my Arweave coin amount from the right side of this paragraph. Usually, I'm showing this only for motivation and don't invest in this Token without doing your own analysis.
I have studied the below-sourced articles to further study these topics and I have explained all the above facts in my own words.
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I had no idea about Arweave Blockchain. Now its clear to me about the decentralized smart way of storing data. These kind of blockchain will be popular obviously because people of losing hope with centralized storage for the problem of selling users data to companies.
Of course. Thank you very much for your meaningful comment. It really increases the quality of my presentation.
I have no knowledge about it. But I have learnt many things from your post. Good luck for you.
Thank you very much for your positive comment brother. It really motivates me to do more such interesting creations here.
I think I have learn something new today which is about the Arweave coin. Never heard of this before but going through your post has broadened my knowledge about this particular coin. Thanks so much for sharing. Keep the good work going.
Thank you very much for your detailed review of my article brother. Such meaningful comments really motivate me to be active in this community always.
We are into this together