Decentralized Storage and QTC

An Introduction to Decentralized Storage

In recent years, with the advancement and development of technology, people are continually looking for innovative ways to compute in order to meet their needs for more processing power and large storage space.

Decentralized storage solved the concern of many people around by introducing a peer-to-peer computing model. Decentralized storage systems, unlike centralized servers, consists of a peer-to-peer network of users that each hold a share of the overall data, resulting in a resilient file storage sharing system.

Over the last few years, traditional cloud storage systems have grown in popularity as an alternative to store data locally on a device or server. However, it has a number of drawbacks as they are vulnerable to cyber-attacks and censorship on a territorial level. Furthermore, technological difficulties and downtime will result in a loss of productivity.

Decentralized storage is an unconventional approach that has developed in the blockchain. One of the most important underlying layers for a scalable decentralized web is its storage structure. Instead of storing all data in a single server, data in a shared storage structure divide into chunks and stored in multiple nodes of a peer-to-peer (P2P) network.

Decentralized Storage and QTC

Qitchain QTC has an advanced and unconventional decentralized storage system. The benefit of using such storage is that it can do the same functions as a decentralized web i.e., security, privacy, no single point of failure, cost-effective.

Decentralization is the process of transferring power from a central government to a more decentralized and “liberal” structure. Instead of being stored in centralized data centers, files are encrypted, fragmented, and distributed across a worldwide network.

There are various reasons why decentralized storage is becoming more popular than centralized cloud storage. Data of centralized cloud storage breaches in past years, data outages also occur, storage costs rise and most importantly there is a lack of ownership. Hence, there was a pressing need for these issues to resolve. A decentralized storage system has promised to solve these.

Qitchain QTC’s decentralized storage provides various benefits that are:

Privacy: Before uploading data, it is being encrypted. So, only you and those you share it with have access to it.

Security: Data breaches are a thing of the past because every file is encrypted, split into fragments, and stored on many Nodes. So, data is also safe from harmful attacks. Thanks to this decentralized architecture.
Always Available: Data is multi-region by default, always available when you need it.
Lower Storage Cost: The amount of storage accessible is substantially increased when millions of nodes host your data. As a result, the storage costs are reduced significantly.
Faster Speed: Multiple copies of the data are stored on separate nodes thanks to P2P technology, which eliminates the need for a central server, allowing for more copies of the data and better download speeds.
Minimal File Loss: Extra copies of the user’s data can store in case of transmission problems. Hence, the possibility of losing files becomes minimal.

Thus, Qitchain QTC with the help of its decentralized storage stores data on a decentralized network across various locations. It is stored by users or groups who are motivated to join, store and keep data accessible. Rather than being hosted by a single firm, the servers are hosted by individuals. Anyone may join this for free. Smart contracts keep them honest, and tokens incentivize them to contribute.