What are the distributed storage projects？
Distributed storage is an important infrastructure of Web3.0. Including Filecoin, Chia(xch), Swarm(Bzz), arweave, etc.
How is blockchain used in cloud storage?
When a user uploads data, the decentralised cloud storage platform breaks the data into smaller chunks, then adds a layer of security and transmits it to the network. This process applies hashing functions, key pairs and transaction ledgers. Each chunk of data is stored decentralised, and even if there is an intruder, they will only get a small chunk of data that is encrypted. Thus, decentralised blockchain cloud storage can effectively secure important data.
What is the best storage coin?
Currently Filecoin has the largest market cap and volume, other than that, the rest of the popular storage coins are Arwearve, Siacoin, BitTorrent, Ankr, etc. You can buy Filecoin, Arwearve and Siacoin at OKX.
Is Filecoin built on ethereum?
Filecoin doesn't run on Ethereum blockchain. As Protocol Labs Founder Juan Benet said they might add EVM into Filecoin rather than using bridges, the collaboration will better serve data-related DApps, NFTs and videos, and pave the way for Web3.
What is the difference between Filecoin and Arweave?
Their target markets are different. Filecoin provides contract-based service, which serve users with short-term rentals at low fees, while Arweave provides permanent storage function for users who want to save data permanently.