The three major decentralized storage tokens are Filecoin, Arweave, and Storj.
1.Filecoin
Filecoin is a blockchain-based decentralized storage network that aims to incentivize users to provide storage space through token economics. Filecoin uses Proof of Replication (PoRep) and Proof of Spacetime (PoSt) consensus mechanisms to ensure data reliability and security. Filecoin's token is FIL, and users can earn FIL tokens by providing storage space, and can also pay storage fees with FIL tokens.
2. Arweave
Arweave is a decentralized data storage solution that runs on Blockweave technology and native AR tokens. Arweave's consensus mechanism is Succinct Proof of Random Access (SPoRA), which ensures permanent storage of data and low cost. Arweave's token AR guarantees that data will not be deleted or changed once stored, and users only need to pay a one-time fee to store data permanently. This feature makes Arweave suitable for application scenarios that require long-term preservation of important data.
3. Storage
Storj is also a decentralized storage network that uses distributed hash tables (DHT) and encryption algorithms to ensure data security and privacy. Storj's token is STORJ, and users can earn STORJ tokens by providing storage space, and can also pay storage fees with STORJ tokens. Storj's advantage lies in its efficient P2P network and flexible storage solutions, which are suitable for enterprises and individual users of all sizes.
4.Technical architecture and core technology innovation
Filecoin: It uses content addressing and version control systems, combined with the Merkle DAG data structure, to achieve efficient data storage and retrieval. The BitSwap protocol optimizes the efficiency of data exchange in P2P networks and encourages data sharing between nodes through a credit system.
Arweave: Using Blockweave technology and SPoRA consensus mechanism, it ensures permanent storage and low cost of data. Its blockchain structure not only links to the previous block, but also randomly links to specific old blocks, and the overall storage cost gradually decreases over time.
Storj: Utilizes distributed hash tables and encryption algorithms to provide efficient and secure data storage solutions. Its P2P network makes data storage more decentralized and reliable.
These decentralized storage tokens and technologies not only solve the problems of traditional centralized storage, but also motivate user participation through token economics, promoting the development and application of decentralized storage.
