We live in a world where all our data is digitized: debit cards, documents, photos, crypto wallets, and even passwords are usually kept in centralized data storage like AWS, Google Cloud, or Microsoft Azure.
While the whole world uses these tech giants to store its data, only a few know about their biggest downsides, and even fewer people are aware of decentralized data storage and how it solves the problems centralized storages have.
In this article, we’ll delve deeper into what decentralized data storage is, how it works, and what the brightest examples of this technology are, put into action. Enjoy!
Traditional Data Storage Challenges
Centralized data storage, usually controlled by big tech companies like Amazon, has four major downfalls that decentralization has already fixed.
Cost Monopolization
With budgets of hundreds of millions of dollars, big companies like Amazon and Google can offer services at a price below average for years. This strategy attracts all the customers, eliminates competition, and then raises the prices above what the competition had, harming the end client.
Single Point of Failure
When discussing centralized data storage services, we refer to massive servers with hundreds of thousands of storage elements placed in one location. A breach at that location means thousands of terabytes of data could end up in the hands of malicious actors.
Privacy
It’s no secret that Facebook, Google, and all the tech giants have access to all our data. That's the reason behind their success – the ability to market potential clients to hundreds of thousands of businesses around the world.
Scalability Challenges
The volume of data stored will always grow. However, the space in these centralized storages is limited, offering very little potential for scaling up. To add even a few hundred terabytes of data space, companies like Google and Microsoft must invest millions, if not tens of millions of dollars, into infrastructure, personnel, and so on.
How Decentralized Storage Works
Unlike centralized data storage providers, which use almost the same architecture and infrastructure to store data, decentralized storage providers employ various techniques to ensure security, scalability, and privacy.
Here are the main three providers of decentralized data storage and their architecture:
OORT Storage
OORT Storage, within the OORT framework, serves as a robust cloud storage solution, offering users a secure, private, and cost-effective alternative to major players like Amazon S3 or Google Cloud."

When users upload files to OORT Storage, the files are split into smaller parts called 'shards.' Each shard is encrypted for security, ensuring that nobody outside the user can read or analyze the stored data. The files also have extra backup shards in case of emergencies.
These shards are distributed across OORT infrastructure nodes, which are operated by individuals worldwide, sharing their surplus computer space. The locations of these shards are recorded in OORT's decentralized database.
When users need their files back, the application requests the shards from the nodes. Even if some shards are missing, the files can be reconstructed using a special coding technique.
OORT Storage employs its patented 'Proof of Honesty' consensus mechanism to ensure the stored shards are secure. Nodes that perform well are rewarded.
OORT Storage operates without a centralized authority controlling everything, which makes it resistant to many common problems. In the future, the source code will be open for anyone to inspect and contribute.
Internet Computer Protocol
In contrast to OORT, the Internet Computer Protocol (ICP) takes a unique approach. It utilizes smart contracts for secure and infinitely scalable data storage.
These smart contracts on the Internet Computer, known as 'canisters,' consist of WebAssembly (Wasm) bytecode and isolated data storage. Each canister has its storage, which is altered only when the canister executes code.
Canisters are placed on subnets, which are the primary architectural components of the Internet Computer Protocol (ICP). Subnets are independent blockchains that operate on nodes in globally distributed data centers. A single subnet can securely host numerous smart contracts, with dozens of subnets currently active and an expected growth into the thousands.
Each canister's code and data are stored on every node within its subnet, ensuring fault tolerance in the event of node issues. This replication is facilitated by the ICP, which features a high-throughput consensus mechanism and an efficient WebAssembly virtual machine, all supported by a blockchain.
Filecoin
Filecoin is built on the same foundation as the IPFS protocol, a peer-to-peer distributed storage network that uses content addressing to create permanent data references. However, unlike IPFS, Filecoin introduces an incentive layer to promote reliable storage and access to content.

In the Filecoin system, users pay to store their files with storage providers, who are responsible for the proper storage and verification of these files over time. Anyone interested in storing their files, or in earning payment for storing others' files, can join Filecoin.
Storage availability and pricing are not controlled by a single entity. Instead, Filecoin establishes open markets for file storage and retrieval, facilitating broad participation.
Filecoin serves a variety of purposes, including the storage of Web3 native NFTs and metaverse/game assets, incentivized permanent storage, and providing a more affordable alternative to traditional cloud storage for archiving Web2 datasets.
Moreover, it supports a wide range of data formats, including audio and video files. This versatility makes Filecoin an ideal decentralized storage backend for Web3 platforms that are engaged in music streaming and video conferencing.
Advantages of Decentralized Storage
Now that you understand how decentralized storage operates in various scenarios, let's discuss the three primary advantages of using a decentralized storage provider to store your valuable data, such as precious memes.
Cost-Saving
Storing data on a decentralized network is significantly more cost-effective than using a centralized one. By harnessing a vast network of computers and storage facilities around the world, decentralized infrastructure providers can greatly reduce costs.
For instance, OORT saves up to 80% by utilizing an optimized decentralized infrastructure globally. To illustrate OORT’s cost efficiency, let’s examine some figures. Imagine storing 1024 TB of data per year and downloading the entirety of it each month.
Below is a comparative table highlighting the differences:

Security and Reliability
A crucial advantage of decentralized data storage is its enhanced security. Distributing data across multiple nodes in a network, as Internet Computer does, significantly reduces the risk of data breaches, since no single entity has complete access to all the data.
This decentralized structure also increases resilience to cyberattacks, as the data isn't stored in a single, vulnerable location.
It's important to note that even if one node is compromised, companies like OORT shard and encrypt the data before storing it. This means that even if a hacker accesses and decrypts the data, it would be incomprehensible to them.
Another key benefit is the improved reliability and fault tolerance of decentralized storage systems. Unlike centralized systems, where a single server failure could result in significant data loss, a decentralized system ensures that even if one node fails, the data remains accessible from other nodes. This redundancy significantly enhances the reliability of both storing and retrieving data.
Full Ownership of Data and Fast Retrieval
Using decentralized protocols for data storage grants you complete control and ownership of your data. Unlike traditional data storage providers, who may sell your data to third parties without your consent, decentralized storage systems are incapable of doing so due to the nature of their technology.
Additionally, decentralized systems often offer faster data retrieval by sourcing information from nearby nodes, unlike centralized systems that may need to fetch data from a distant location.
For instance, with OORT, you can retrieve terabytes of data within seconds, making the process more user-friendly and advantageous for both retail and institutional-grade customers.
Conclusion
In conclusion, decentralized storage providers represent the future of data storage. Similar to advancements in finance and other sectors, decentralization offers a better and more efficient solution to existing challenges.
Decentralized storage is faster, more secure, and infinitely more private than its centralized counterparts, not to mention its cost-effectiveness and scalability.
Therefore, if you have a substantial amount of data, such as crypto memes, and are unsure where to store them, choosing a decentralized storage provider from the ones mentioned above would be an ideal choice.
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The world is slowly but surely conquered by the AI revolution. More and more companies are laying off thousands of people, replacing them with simple AI Agents that do all the work faster and cheaper. 
Among centralized solutions from OpenAI and Google, there are some examples of decentralized AI Agents that not only do the same job but also don’t keep your data in centralized storage and sell it for marketing purposes. 
What stops you from using these AI Agents as a professional tool to do your job faster, better, and with less stress? In this article, we’ll talk about crypto AI Agents you can start using today. Enjoy! 
What is an AI Agent? 
AI agents are software programs capable of autonomous interaction with other agents and information within a decentralized environment. They are usually given an X amount of data they can use to create something new, solve different problems, and help humans out. 
Their implication in such routine tasks can cut costs, make the process less prone to human error, and increase efficiency.
Crypto AI Agents are decentralized powerhouses that can be trained to use a specific skill set to solve different types of problems and come up with witty solutions. This technology can be used in a thousand different methods, from finance to development and trading. 
Let’s see some real-world examples where AI Agents can be used:
MEV Arbitrage Bots: MEV bots are everywhere in the crypto ecosystem. They are designed to arbitrage opportunities on-chain, taking advantage of price differences and transaction sequencing within a blockchain. Telegram Bots: Trade your favorite tokens, even the low-cap memes, quickly and easily on Telegram.Market Maker Bots: These bots use algorithms to provide liquidity on-chain. They place buy and sell orders for particular assets or act aa in liquidity providers.Bots in Games: Bots in blockchain-powered games are just getting started. Crypto games can construct AI-powered avatars that have their wallets and interact with each other, creating a living and breathing ecosystem.Analysis Bots: These AI agents can predict market trends and prices for literally any asset. They can use past data, market signals, and other different tools to complete their analysis. Bots in Social Apps: These bots can chat with real people, performing on-chain actions and transactions, making the experience more interactive.  
Top Three Crypto AI Agents
Here are the top three crypto AI Agents you can start using today! 
OORT AI
OORT AI is an intelligent platform for creating advanced AI agents. It runs on top of the OORT cloud and is a factually accurate (non-biased) tool for businesses interested in integrating AI into their model.

OORT AI is easy to train and use. The power of decentralization cuts costs, giving you top-notch service for less money.
Why settle for basic when you have an AI friend matching your brand? Customize your AI to handle different kinds of data like text, images, sound, or video and talk in a way that suits your brand.
Their prompt and context optimizer feature helps AI handle complex instructions easily. And with the self-improvement tool, your AI friend improves based on user feedback.
All the data running on your AI agent will be safely stored on OORT Storage, granting you exclusive and full control of access and content. You can also use OORT AI on your servers to follow rules like HIPAA and GDPR and keep your data safe.
$OORT is the native token of the ecosystem. Users can pay with fiat currency or OORT tokens for OORT products and services, with discounts for the latter. Tokens can also be used for staking, governance, and contributing to the resilience of the network.
Governance is a function where users propose and vote on network-related matters. Proposals require a deposit; if unsuccessful, the deposit goes to miners.
Fetch AI
The Fetch.ai system is built around four crucial components: AI Agents, Agentverse, AI Engine, and Fetch network. These elements collaborate to drive Fetch.ai and its applications.

AI Agents serve as the core of Fetch.ai, operating independently within a decentralized environment. They engage in connections, searches, and trades to establish dynamic markets. Thanks to their decentralized nature, AI Agents execute tasks without human intervention.
These AI Agents are highly adaptable, undertaking diverse responsibilities such as optimizing supply chains, managing records, performing computational tasks, and facilitating transactions. They represent essential tools for enhancing efficiency in the decentralized economy.
The Agentverse functions as a Software-as-a-Service platform, streamlining the creation, registration, and management of AI Agents. DeltaV, acting as a chat interface, facilitates the communication between users and registered agents in the Agentverse.
The Fetch.ai network forms the foundation, supporting the functionalities of AI Agents, Agentverse, DeltaV, and the AI Engine. It contains critical elements such as the Almanac, Fetch Name Service, Fetch ledger, and $FET . 
The network is powered by $FET . All the services within the platform are paid in $FET . Users can also stake their tokens, earning interest and getting the opportunity to vote on proposals and govern the Fetch.ai platform. 
Autonolas
Autonolas aims to establish a platform for the development of innovative autonomous services characterized by independent decision-making, interaction beyond blockchains, and inherent crypto-native attributes. 

The ecosystem built by the project is comprised of three key components: The Open Autonomy, The Autonolas Protocol, and a wide variety of toolkits. 
Open Autonomy is a framework designed for crafting agent services, specifically off-chain autonomous services functioning as a multi-agent system. These services provide advanced functionalities on-chain, extending the capabilities beyond traditional smart contracts.
The Autonolas Protocol consists of smart contracts that establish a system for organizing, securing, and overseeing software code on a public blockchain. 
It offers incentives to developers based on their contributions to the expansion of the Autonolas ecosystem. The protocol was initially built on Ethereum but is currently available on Solana, Polygon, Arbitrum, and many other blockchains. 
This whole ecosystem is powered by the project’s native token, $OLAS. Users can stake $OLAS to operate off-chain services and gain governance rights, contributing to the shaping of the network. 
$OLAS also powers a unique system of developer incentives aimed at expanding the number of services in their ecosystem.
Conclusion
So, here you have it, the top three crypto projects developing AI Agents that will take your work to the next level, helping you make informed decisions and grow your business in the right direction. 
If you liked this article, don’t hesitate to leave us a comment and share it with one of your friends. Cheers! 
$FET #TrendigTopic #FetchAI #oort #autonolas #AIAgents