Blockchain technology is built on decentralization, transparency, and security. However, as networks grow, these strengths can create a challenge known as the "Farmer's Dilemma." This dilemma arises when network participants, or farmers, must choose between storing blockchain history to enhance security or optimizing storage for transaction consensus to increase speed.
Typically, farmers prioritize consensus for higher rewards, but this can undermine network security and decentralization in the long term. As blockchain networks expand, the storage requirements become more demanding, making this dilemma even more complex.
How Autonomys and Subspace Solve the Problem
Autonomys and Subspace introduce a groundbreaking solution by decoupling storage and consensus processes. Using their Proof-of-Archival-Storage (PoAS) model, farmers can focus on securely storing #blockchain data, while transaction processing and consensus occur on a separate network. This ensures that neither security nor efficiency is compromised.
With this approach, blockchain networks can maintain decentralization and security while scaling effectively. Farmers experience reduced storage burdens, and the network remains robust, making it ideal for decentralized #AI applications and other advanced blockchain use cases.
By resolving the Farmer's Dilemma, #Autonomys and #Subspace ensure that blockchain technology remains scalable, secure, and accessible to a broad range of participants, even those with basic hardware. #AI3