Filecoin-based decentralized storage for Web3
Protocol Labs is mostly known for developing the InterPlanetary File System (IPFS), a free-to-use decentralized and distributed peer-to-peer file sharing system for storing and accessing files, websites, applications, and other data. Their next most well-known project is Filecoin, essentially an incentive layer for IPFS that allows those with extra unused storage space to contribute it to the Filecoin network and be rewarded with the blockchain’s native cryptocurrency utility token, FIL.
Additionally, clients who wish to store or retrieve their data from the Filecoin network enter storage agreement deals with these providers and pay for their transactions with FIL. To help with the emerging NFT space, Protocol Labs has also created NFT.Storage, a free storage platform for safely and securely hosting off-chain NFT data such as metadata, images, and other assets using IPFS and Filecoin.
This article, however, will be focusing on another one of Protocol Labs’s many offerings, Web3.Storage. Similarly to NFT.Storage, Web3.Storage brings together the best of both worlds, combining Filecoin’s persistent, decentralized storage with the content addressing and immutable (not changeable) link creation offered by IPFS.
Putting Developers First
Development of any kind is no easy task and requires lots of data to be stored somewhere trusted, secure, and accessible. That’s why Web3.Storage was made to be as frictionless as possible for all Web3 developers’ storage needs. Traditional service platforms hosted by the likes of Amazon, Google, and Microsoft often limit developers and end users to a “walled garden” of their own services, while Web3.Storage aims to be an open, easy-to-use, decentralized alternative that’s completely free.
All developers need to use Web3.Storage is to sign up for an account, obtain a free API token, create and run a script to upload their files, and use their content’s unique content identifier (CID) to view/download their data. All the other backend technical processes are handled by the IPFS and Filecoin networks. And if for any reason a node (participant) on the network hosting your files goes down, Web3.Storage has developers covered. To ensure highly redundant data storage (multiple copies stored as backups), there will always be a minimum of 5 copies of data being stored with Filecoin storage providers.
A decentralized storage network makes it easy, efficient, and secure to store important developer data that’s necessary for project development, without all the fuss of having to deal with today’s data storage giants. Perhaps the greatest benefit of all provided by Web3.Storage is that it’s all free to use, saving on the often high costs associated with using other decentralized storage providers. Web3 is just barely breaking through the surface of public consciousness, and we at Cloud Rush USA are excited to see how the products and services offered by Protocol Labs are going to help simplify and revolutionize this evolving space.
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Cloud Rush USA is a Southern California based cryptocurrency mining facilitator specializing in Filecoin mining plans. The views and opinions expressed on this Site are solely those of the author(s) and do not necessarily reflect the views of Cloud Rush USA or its employees. The content provided on this Site is for informational purposes only and should not be construed as investment, financial, or other advice.
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