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Data Sources:Decentralized Storage Protocols Market Cap Comparision（https://footprint.cool/NyWA）

After entering the Internet information age, data has become an extremely valuable resource. As the network continues to generate massive amounts of data, the storage market is growing rapidly.

According to IDC's "Worldwide Enterprise Infrastructure Quarterly Tracker: Buyers and Cloud Deployment" report, it is expected that the global cloud storage market will reach more than US$100 billion from 2020 to 2025.

At present, the cloud storage market is mainly divided into two categories: Web 2.0 centralized storage solutions and Web 3.0 decentralized storage solutions.

The centralized cloud storage solution is currently the mainstream cloud storage technology. However, with the popularization of centralized cloud storage services, its disadvantages are also emerging. Frequent data leaks, server failures, centralized operation control, and hacker attacks have triggered more and more developers to think about how to store data safely, stably, and at low cost. The development of blockchain technology provides a new opportunity for decentralized storage services.

What is a decentralized storage protocol

The decentralized storage protocol is based on blockchain technology and introduces the ecological incentive system of the pass-through economic model to realize data distributed and fragmented storage on multiple network nodes.

Two categories of decentralized storage protocols

One type uses storage as computing power, and users mine by providing hard disk space. This type of consensus mechanism targets bitcoin-type projects. The representative project is Siacoin.

One is to use storage as a service to provide effective storage as computing power, and users can mine by completing data storage services. Representative projects are Filecoin, Arweave, Bittorrent.

reliability

• reliability

A blockchain is a simple digital ledger of transactions that is replicated and distributed across a network of computer systems. The cloud storage protocol based on the blockchain has the characteristics of decentralization, decentralization and encrypted storage of the blockchain, and builds a reliable and decentralized data storage mechanism.

In a decentralized storage protocol, all data blocks are verified. Any data storage and modification must be verified by miner to prevent data from being tampered with.

safety

• safety

In order to achieve security, each piece of data is encrypted, fragmented, and stored redundantly in the nodes of the entire network. Like digital currency, only those who hold the private key can get the data, decrypt the data, and view the data. And because the data is stored in a decentralized manner, any intruder trying to invade these storage nodes can only get a part of the data, not the entire data file.

• Scalability

fairness

• fairness

With the emergence of millions of decentralized nodes, market competition will be more fully and openly transparent. The cost of data storage will not be controlled by powerful centralized storage service providers, which will enable the entire storage service market to be priced more fairly, and will also promote nodes to improve the quality of storage services.

Comparison and data performance of four decentralized storage protocol projects

Decentralized storage protocols are based on blockchain technology and support decentralized, trust-minimized, and censorship-resistant data storage. They can both be used to store data for long periods of time, either for archival purposes, or for real-time applications like website hosting.

This article uses Arweave, Filecoin, BitTorrent and Siacoin as project representatives to make a horizontal comparison and summary:

According to Footprint Analytics, the token market value performance of the above four projects is as follows:

• Filecoin still occupies the leading position in the decentralized storage protocol

• Arweave has become the Solana blockchain data storage protocol since August this year, and its token price has risen rapidly, and its market value has kept pace with BitTorrent token BTT.

• Siacoin has been mediocre and unable to break through.

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Summarize

Summarize

The decentralized storage protocol is an effective supplement to cloud storage. In the era of Web 3.0, which places more emphasis on data security and user data ownership, its reliability, security, scalability and fair market pricing will continue to attract more companies, especially blockchain companies.

The curtain of Web 3.0 transformation has just begun, and the popularization of decentralized storage still needs to be supported in terms of infrastructure, capital, talents, and social consensus.

At present, most decentralized storage protocols are still in the concept formation or development stage, and the policies of various countries will also affect the development of the industry. Under the premise of different policies and market consensus in various countries, the centralized storage protocol will still be the current mainstream storage method.

Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy a zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.

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About Footprint Analytics

Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy a zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.

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