In a previous article, ‘Will Decentralized Storage Protocols Overtake the Cloud Storage Market?’ we compared four major decentralized storage protocols.
In this article, we see if Arweave’s concept of permanent storage can be an effective competitive strategy to win over the market.
Arweave’s permaweb is not private, and all data is permanently public and directly accessible. Therefore, it is not suitable for storing personal or sensitive data. Its upfront storage costs, which start at 40+ years, are significantly more expensive than existing solutions.
For example, to be able to store files on Arweave, developers create a transaction to pay a certain number of AR tokens as a network fee (currently $0.01/MB) to store data forever. At the same time, the low-end package of Amazon S3 charges $0.000023/MB per month. It will take 40 years for each Arweave user to break even. That means Arweave users are paying a premium for permanent storage.
So, who exactly would use this sol
We współpracy z: https://cryptoslate.com/can-arweave-re-invent-data-storage-for-the-blockchain/
