The Airbnb of Cloud storage has amassed one million TB of storage worldwide

Filecoin, a startup that claims to be the world’s largest decentralized storage network, has revealed that its community has reached one Ex...

Filecoin, a startup that claims to be the world’s largest decentralized storage network, has revealed that its community has reached one Exabyte (or Exbibyte) of storage capacity as it tries to position itself as an alternative to centralized, established cloud storage giants such as AWS, Google Cloud, Dropbox or Microsoft Azure.

Filecoin Exabyte of Storage

(Image credit: Filecoin)

One EB is equivalent to 50,000 of the world’s largest hard disk drives, currently 20TB models from WD and Seagate, and this excess capacity comes from hundreds of individuals and organizations that have underutilized storage assets.

Filecoin is not unlike Bittorrent or rival Storj in that it is also a peer-to-peer network but its main incentive is to store files reliably over time and it provides an economic incentive for those who provide with the excess capacity. Filecoin’s FAQ explains “Users pay to store their files on storage miners which are computers responsible for storing files and proving they have stored the files correctly over time.”

The long term goal of Filecoin is to provide an alternative to what it calls costly cloud storage, removing the need for traditional data centres and colocation, pushing down prices and making geographically decentralized storage by default. As such it is more of a rival to traditional PAAS rather than the likes of IDrive or pCloud.



from TechRadar - All the latest technology news https://ift.tt/33eWCc4
via IFTTT

COMMENTS

BLOGGER
Name

Apps,3858,Business,151,Camera,1155,Earn $$$,3,Gadgets,1741,Games,926,GTA,1,Innovations,3,Mobile,1697,Paid Promotions,5,Promotions,5,Sports,1,Technology,8106,Trailers,796,Travel,37,Trending,4,Trendly News,25335,TrendlyNews,110,Video,5,XIAOMI,13,YouTube - 9to5Google,109,
ltr
item
Trendly News | #ListenNow #Everyday #100ShortNews #TopTrendings #PopularNews #Reviews #TrendlyNews: The Airbnb of Cloud storage has amassed one million TB of storage worldwide
The Airbnb of Cloud storage has amassed one million TB of storage worldwide
https://cdn.mos.cms.futurecdn.net/8M4DntoybAU79JEVAMt2kW.jpg
Trendly News | #ListenNow #Everyday #100ShortNews #TopTrendings #PopularNews #Reviews #TrendlyNews
http://www.trendlynews.in/2020/11/the-airbnb-of-cloud-storage-has-amassed.html
http://www.trendlynews.in/
http://www.trendlynews.in/
http://www.trendlynews.in/2020/11/the-airbnb-of-cloud-storage-has-amassed.html
true
3372890392287038985
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy