A recap on what I covered in the past series:
- What is Dxchain?
- DxChain Architecture/Network Design Principle
- Dxchain's Chains-on-chain structure
- The General Communication Protocol
EFFICIENT STORAGE AND DATA MODEL (cloud computing).
Recently, Cloud computing has become a new trend of information technology and computing system. In the traditional computing infrastructure, operating system software, applications and data are typically stored and managed on an individual user’s computer. Cloud-computing has a different form from traditional way. All kinds of service and software are stored, accessed, and used via third party servers connected to the internet. If cloud computing was used, data and information can be easily shared and managed by user and service provider. Furthermore the user can do their works without application or software. When the user wants work using the software or application, the user just access cloud computing system via the internet. On the other hand, cloud computing has large data and information. Therefore the efficient method for large data/information management for cloud computing is necessary. In this paper, we proposed a cloud storage model for cloud computing environment. The model is to consider the relation between the cloud structures; service provider, application, and user.
The storage miners are intended to obtain incentives based on their continuous contributions to the storage chain. Apparently, the consensus-based protocols by Nakamoto, including PoW and PoS, do not fit this requirement. Proof of Spacetime (PoSt) is a good choice to validate the provision of storage. It has been discussed in Chapter Four that the DSC is designed to manage storage tasks and that DSC will also be connected to the master chain to obtain incentives for the storage miner as well as the CSC for storing computation states. Dxchain Network also for easy retrieval (flexibility) of files at a more granular(i,e small pieces) scale.
Consensus protocol
Proof of work (POW) is a common consensus algorithm used by the most popular cryptocurrency networks like bitcoin and litecoin. POW as proved to be effective in installing security but for the few set back like high energy consumption and few others.
Proof of stake (POS) is another common consensus algorithm that evolved as a low-cost, low-energy consuming alternative to POW algorithm.
Proof of Capacity consensus mechanism uses a mining node’s hard drive space to decide the mining rights on the blockchain network, etc.