Decentralized Storage Explained

  • Decentralized storage has been in the center of attention since the appearance of File coin which raised over 250 million USD from prominent investors.
  • Restrictive nature of services such as Google Drive and Dropbox combined with an increasing number of reports about data leaks are making people look for alternatives.
  • It is a system which is being able to store your files without having to rely on centralized silos of data which often do not store the data in a secure manner and undermine the privacy of its users.
  • It was maintained as a system where people maintained copies of the file and seeded (sending a fraction of the file) to other participants in the network.

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