According to IDC’s “Global Enterprise Infrastructure Quarterly Tracker: Buyer and Cloud Deployment” report, the global cloud storage market is expected to reach more than $100 billion in size between 2020 and 2025.
While centralized cloud storage solutions are the mainstream cloud storage technology, they have plenty of drawbacks.
Frequent data leaks, server failures, centralized operational control, and hacking incidents have triggered more and more developers to think about how to store data in a safe, stable, and low-cost way.
The development of blockchain technology provides a new opportunity for decentralized storage services.
What is decentralized storage protocol?
Based on blockchain technology, decentralized storage protocols introduce an incentive system to its ecosystem with a tokenomics model to realize distributed and piecewise data storage on multiple network nodes.
There are two major categories of decentralized storage protocols.
One uses storage as arithmetic powe
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