What is decentralized storage?


Site Admin
Apr 7th 2017
Decentralized storage will become a cloud storage platform that cannot be censored or monitored, and will have zero downtime. And security will be achieved through decentralized, end-to-end encrypted cloud storage using blockchain technology and cryptography.

These new decentralized storage technologies are a platform, cryptocurrency, and a suite of decentralized applications allowing you to store your data in a secure, decentralized manner. Your files are encrypted and shredded into smaller pieces - stored in a decentralized network of computers around the globe. Nobody but you will have a complete copy of your data, not even in encrypted form. And all of this will be done on a blockchain with a transaction ledger, public and private key encryption, and cryptographic hash functions for security.

This allows decentralized storage to be faster, cheaper, and much more secure than traditional, centralized, cloud storage platforms. Faster because multiple machines are serving your data simultaneously, cheaper because you're renting people's spare hard drive space versus paying for a data center with high overhead, and more secure because your data is encrypted and shredded. There's no need to trust a corporation for your storage needs and having to worry about you vulnerable servers or employees working with your data.
Oct 5th 2019
It is simply a system to store your files without having to reply on centralized silos of data which do not undermine significant values like the privacy of your information.