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Home»ADOPTION NEWS»Filecoin (FIL) and Storacha Strengthen Decentralized Hot Storage Solution
ADOPTION NEWS

Filecoin (FIL) and Storacha Strengthen Decentralized Hot Storage Solution

By Crypto FlexsAugust 31, 20243 Mins Read
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Filecoin (FIL) and Storacha Strengthen Decentralized Hot Storage Solution
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Jack Anderson
Aug 31, 2024 03:18

Storacha, in partnership with Filecoin (FIL), revolutionizes decentralized hot storage using Proof of Data Ownership (PDP), ensuring secure and accessible data with the highest levels of availability and durability.





As reported by Filecoin, Storacha is revolutionizing decentralized hot storage by integrating with Filecoin (FIL)’s innovative Proof of Data Possession (PDP) technology. The collaboration aims to provide secure and accessible data with high availability and durability.

How Storacha and Filecoin are Innovating

Storacha is a critical data onboarder to the Filecoin network, uploading up to 10 terabytes of data every day. This data is stored on Filecoin’s decentralized storage system, ensuring it is always accessible and secure. Leveraging Filecoin’s Proof of Replication (PoRep), Storacha ensures data integrity and availability by ensuring each storage provider maintains its own copy of the data.

Introducing Proof of Data Ownership (PDP)

Filecoin’s new Proof of Data Possession (PDP) technology allows Storacha to verify that data is discoverable and ready to be accessed immediately. PDP is designed to be less resource-intensive and more flexible, improving the overall efficiency and reliability of the storage network.

Collaborative efforts for improved performance

Storacha is working with key players in the Filecoin ecosystem to optimize storage solutions. Partnerships with FilOz, Curio, and the Filecoin Incentive Design Lab (FIDL) aim to strengthen core infrastructure, develop PDP, and integrate the discovery test program SPARK. This collaboration is essential to ensure smooth operations and open source contributions.

Service Level Agreement (SLA)

Storacha strives to achieve high standards, targeting 99.9% availability and 99.9999999% durability. To achieve these goals, the company plans to implement PDP for verifiable data safety, improve unsealing times, and maintain additional copies of data for quick access. PoRep is used to store multiple copies of data on the Filecoin network, significantly reducing the risk of data loss.

Focus on Web3 applications

Storacha aims to prioritize web3 markets including NFTs, games, AI, and deep-end networks over crowded web2 markets. The focus will be on providing excellent performance, meeting SLAs, verifying functionality, supporting standard storage conditions, and ensuring compatibility with smart contracts on various chains.

Efficient Operations for Storage Providers

Storacha simplifies operations for storage providers by providing independent node operation, integrating with Lotus APIs, and working with Curio for efficient disk access. This approach ensures a seamless and hassle-free experience for all storage partners.

PDP Launch Strategy

PDP launches as a Layer 1 on Filecoin to prove data security and accessibility. Once proven effective, PDP will scale to Layer 2 to handle increased demand and maintain operational efficiency.

Long term strategy

Storacha’s long-term strategy includes deep integration with Curio, moving operational logic to Filecoin’s Layer 2 using Interplanetary Consensus (IPC), and leveraging Filecoin’s escrow and payment framework for secure transactions. These steps aim to improve scalability, performance, and security.

conclusion

The partnership between Storacha and Filecoin represents a significant step forward in decentralized hot storage. By leveraging innovative technologies like PDP and working with key ecosystem players, Storacha is poised to deliver robust, reliable, and secure storage solutions for the decentralized web.

Image source: Shutterstock


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