Decentralized Storage

Decentralized Storage

Jun 14, 2022
Jun 14, 2022
While blockchains provide a medium for decentralized state management, smart contract storage/execution, and transaction value, higher level applications require additional components. For frontend content like images, videos, and GIFs, blockchain storage is prohibitively expensive and inefficient. Decentralized storage fills in this gap.
One solution is the Interplanetary File System, or IPFS, a distributed network made up of nodes where individual people store and share files, websites, applications, and data. With the rise of NFTs, IPFS usage has surged and often serves as the underlying storage medium for NFT media assets.
Another popular decentralized storage solution is Arweave which aims to incentive individuals to store data permanently. With the Arweave network, miners provide storage space in exchange for tokens and the protocol itself ensures that the data stored remains correct and in-consensus across all nodes.