- Decentralized storage services are gaining more popularity due to improved security and low operational costs
- Storj leads the way with better scaling solutions for Web3 and Web3 businesses
- Storj Next saw 20,000 active nodes and counting
Decentralized storage networks have been gaining more and more attention from popular service providers such as Google Cloud, Microsoft Azure, and Amazon Web Services. The primary reasons for their increasing popularity are their low operational costs and improved security. Well-known decentralized storage networks include Storj, BitTorrent, Filecoin, and Sia.
Storj recently released an upgrade called Storj Next which offers even better scalability solutions for both Web2 and Web3 businesses. This decentralized service includes a crypto-enabled perpetual storage feature that rewards network participants who deposit Storj (STORJ) cryptocurrency with Ethereum intelligent contract payments, as well as staking capabilities enabling node operators to create passive income by participating in the system – of particular interest to web companies looking to reduce cloud storage costs without compromising on performance or reliability.
It also provides code libraries and test data for those wanting to go beyond simply operating nodes, allowing them to run their own distributed digital file storage network without costly investments or high energy consumption.
The platform’s user base has grown exponentially over the past year; today, there are 20,000 active nodes compared to just 13,000 last year. This rise in popularity is mainly due to its attractive advantages: cost-efficiency, increased security, and scalability, as offered by Storj Next. It’s no wonder many web businesses now opt for decentralized storage networks instead of traditional centralized providers.
More Potential Mass Adoption from Cloud Storage
Cloud storage became more convenient in the 2010s when businesses quickly grew in numbers and technology evolved faster than ever. To keep things simpler and more convenient, cloud storage was introduced to allow users to bring their files anywhere worldwide, opting out of the need for a flash drive or CD.
However, it did not come without a cost, as cloud storage became easy targets for malicious hackers. Confidential documents were breached, and personal photos were leaked online due to insufficient security from cloud storage providers.
The world may call for a better kind of cloud storage, and a decentralized service may be the key to mass adoption. Companies such as Storj aim to provide the privacy and freedom that individuals and people need. Blockchain-powered cloud storage also means faster uploads and downloads, extra layers of defense, and lesser digital footprints that will give attackers less chance to breach.
Mass adoption is one of the biggest struggles of the Web3/blockchain industry. There were attempts such as non-fungible tokens (NFTs) in games. Still, it led to massive backlash from the gaming community and decentralized finance (DeFi), which only aggravated fintech and traditional financial firms.
Decentralized public cloud storage is next in line for a shot at approval from the masses. Suppose cloud storage services can prove to the world that a decentralized kind guarantees security and privacy for everyone. In that case, Web3 may be able to gain mass adoption, which may evolve society and businesses.
