Today, the Filecoin network has a data storage capacity of 15 exbibytes (EiB), which is used by over seven hundred organizations for data storage and retrieval. As more individuals and decentralized applications join distributed storage, Filecoin will continue to welcome large traditional players to Web3.
The Filecoin network is purpose-built to accept, store, secure, and serve large data sets from enterprise-level users. Additionally, the Filecoin ecosystem recently released Project Gravity, a referral program for incentivizing users to bring large datasets to Filecoin. Protocol Labs is pleased to announce that Project Gravity II will continue to sell referral programs and incentivize data storage.
out of the cloud
Today, most businesses use cloud storage to store data. It provides organizations with a secure way to host data that may require remote access and shared among multiple authenticated users. On the surface, this solution appears to be feasible for enterprises, but upon closer inspection, three potential pitfalls emerge:
Centralization: All data is stored centrally in one company, usually in one or a few geographic locations, which exposes servers to geopolitical, natural disaster, and security risks.
Vulnerability: Cloud storage services isolate data from data owners by limiting the portability of data. Since companies typically invest in a single vendor, such lock-in can be detrimental to maintaining multiple instances of data.
High cost: Enterprise data storage on the cloud has different rates, and lock-in often reduces an organization’s bargaining power and creates a highly competitive market.
Filecoin has developed a comprehensive solution to these flaws. Not only does it provide businesses with all the features they need from cloud storage services, it doesn’t have the pitfalls inherent in centralized data storage systems. Its main advantages are as follows:
Distributed: With no single point of failure and no lock-in of ownership, data can be distributed across multiple storage providers around the world, which guarantees data durability and availability in the face of any personal risk.
Robustness: Encrypted data is verified daily, and the multi-copy architecture ensures that there is always redundancy in the system.
High performance: Decentralized storage is cheaper than cloud storage because the competitive bidding system is at the heart of the infrastructure and data can be stored closer to the edge.
All in all, the Filecoin network is ready for massive datasets. 15 EiB of data storage is equivalent to more than 60,000 copies of Wikipedia’s entire content, and this milestone was achieved within just one year of the mainnet launch.
You can get all of these benefits from decentralized storage, which is why Protocol Labs launched Project Gravity II, a referral program for sales designed to incentivize customers to store large datasets on Filecoin.
OS:https://filpool.me
medium:https://medium.com/@FILPool5201/filecoin-and-large-datasets-4245cfb9be2b