There is a lot of hype surrounding web3 and for a good reason. Who wouldn’t want a smarter internet, immersive virtual worlds, and sophisticated creator economies? While the scope and potential of web3 are immense, it is just as important to talk about the building blocks of this ecosystem. One of the core things needed for the transition from web2 to web3 is decentralized storage.
In this article, let’s get into the details and understand the advantages of decentralized storage. Finally, we will see how Dash Platform ensures data integrity with decentralized cloud storage.
What is decentralized storage?
In a decentralized storage system, instead of storing all the data in a centralized server, you store chunks of it as blocks over multiple nodes in a network. Furthermore, the data is secured by cryptography. So, why go through the trouble of storing data in such an intricate manner? Surely, it will be much easier to use simple centralized cloud storage, right?
Well, sure, the concept may be more straightforward to understand. However, centralized storage systems have several significant shortcomings.
The problems with centralized storage
#1 Susceptible to censorship
The centralized storage system we are all familiar with is susceptible to censorship. Let’s take an example we are all familiar with. Wikipedia is a wonderful information resource, but it could be easily censored due to its centralized nature. For example, governments could suppress crucial information from being published on the country’s page.
#2 Single point of vulnerability
When using a centralized storage service, you are essentially handing over control of your data to a third party. The problem with keeping all your data in one place is that you are essentially painting a very attractive target for potential hackers, as we saw during the infamous August 31, 2014, Celebgate hack. During the hack, someone hacked iCloud’s servers and leaked extremely private pictures of various celebrities.
#3 Unethical Data Mismanagement
Finally, let’s talk about data mismanagement. So far, we have seen multiple incidents of third-party service providers being irresponsible and unethical in managing user data. Facebook (now Meta) got in deep trouble when its systems allowed Cambridge Analytica to access the personal data of 87 million Facebook users. The data collected was later used to influence several high-profile elections.
The advantages of decentralized data storage
Security and privacy
Decentralized storage organically mitigates this since it stores your data across multiple independently-operated nodes. You don’t need to trust a singular provider because there aren’t any singular providers in this system. The data stored in a decentralized network is also encrypted via cryptographic hash algorithms, adding another layer of protection.
Minimizing file loss
Since your data is stored across independently-operated nodes, the chances of file loss is reduced by a considerable amount. So, you are not dependent on a single service provider being constantly online or operational to have access to your data.
As we have seen time and again, websites tend to get very slow during high traffic. In some cases, the websites might crash altogether due to these traffic spikes. The reason is simple. There is only so much load that a single server can handle. A decentralized system that uses P2P technology isn’t dependent on one server. Any network load is shared among a distributed network of nodes, leading to fewer bottlenecks and a system that’s continually live.
Dash Platform’s web3 storage solution
Dash Platform is a web3 technology stack that allows you to build dApps on the Dash network. Dash Platform consists of two components – Drive and DAPI.
Drive is Dash Platform’s storage component, allowing for consensus-based verification and validation of user-created data. It is a layer-2 component that stores application data in Dash’s masternodes.
How does it work? Let’s take a look.
- The developer creating the application makes a data contract. This contract describes the data structures that will define the application.
- Data created by users of the application is validated and verified against this contract.
- When successfully validated, the application data is submitted to the Drive and stored on the masternode network.
- All data stored on the Dash network is protected by Dash’s consensus algorithm, ensuring data integrity and availability.
Decentralized storage is one of the building blocks of the web3 revolution. Dash Platform offers a simple and effective way to store data in a decentralized network. Since application data is stored across many nodes on the Dash network, it is safe and always available for customers, business partners, and investors.
Learn more about the Dash Platform, and discover new opportunities for your applications!