Decentralized storage black technology Swarm, presses the "accelerator" for the storage industry?

Swarm is a decentralized data storage and distribution technology poised to power the next generation of censorship-resistant, unstoppable serverless applications.

The Internet is in the midst of a revolution, with centralized proprietary services being replaced by decentralized open services. In the current Internet, most user data is stored in centralized servers, and the sovereignty of personal information does not belong to the user, which has also led to a large number of data leaks and thefts, which is an inevitable criticism of the Internet era. The service content hosted on these providers is hidden behind disconnected fragile links, which has a profound impact on computer systems and the increasingly dependent Internet.

As the pace of blockchain application implementation continues to accelerate, decentralized storage solutions have become a hot spot in technological development and a prerequisite for achieving distributed storage.

The value proposition of decentralized storage is privacy protection, low cost, data redundancy backup, and open source applications and algorithms. Only when all of the above propositions are achieved can it replace the existing centralized storage solutions.

Decentralized storage helps avoid the failure of a single node and realize the value transfer of data. After uploading a large file to a decentralized storage system, the file is stored in a distributed network or server as a whole, which requires an extremely efficient development application or operation team to maintain its operation. How to ensure that these storage resources can operate stably and reliably? Today, the distributed storage track has provided many solutions that attract attention.

Swarm is a decentralized data storage and distribution technology poised to power the next generation of censorship-resistant, unstoppable serverless applications. It complements the blockchain-based smart contracts originally envisioned by the Ethereum cryptocurrency and provides the mass storage piece of the Dapp building puzzle.

Project Overview

Swarm is a system of peer-to-peer network nodes that creates a decentralized storage and communication service. The system is economically self-sustaining due to a built-in incentive system executed through smart contracts on the Ethereum blockchain.

Swarm’s credo is to shape the future towards a self-sovereign global society and permissionless open markets. These principles drive the development of dApp developers, organizations, businesses, and activists on every blockchain. For example, use cases include social media dApps, free press, archives, blockchain and DeFi data.

Token Economic Model

Project Token: BZZ

Total Tokens: 6.251 million BZZ

Project website: https://www.ethswarm.org/

The BZZ token is the native asset of the Swarm network. It supports bandwidth and storage incentives. These incentives ensure that node operators are aligned and motivated to run and maintain the network.

After the mainnet launch and token deployment and issuance, it is expected that a decentralized bonding curve vending machine with minting and burning rights will be available, allowing interested parties to buy BZZ for DAI or sell BZZ for DAI.

Token Allocation

Current and future teams: 20%

Ecosystem: 23%

Early Token Sale: 42%

Public Token Sale: 8%

Swarm Foundation: 7%

Token Sale

Swarm will start a public token sale on CoinList at 17:00 UTC on June 14th. Sale participants can choose two different price options to purchase swarm tokens. The specific sale details are as follows:

* Option 1 and Option 2 share the same BZZ token pool. Option 2 will only occur if there are excess tokens from Option 1. Eligible users can register for both options at the same time by registering for the sale on CoinList. Please note that both options are independent sale queues.

Project Highlights

Swarm is a distributed system designed to work with smart contracts, providing development and infrastructure for full-service applications that run entirely on a decentralized network.

In order to meet the needs of storing and distributing all the data in the world, Swarm's advantages are mainly reflected in three aspects:

First, Swarm has built-in privacy protection, communication and redundancy to ensure data availability and continuous data transmission on demand from a single node, any data, any device even when offline. Enhanced security and user privacy protection are important value propositions of Swarm.

Secondly, data is divided into small blocks and stored throughout the network, with no central hub that is vulnerable to attack. Operators have no way of knowing what is stored on their nodes while still having to pay for storage.

Finally, no central authority controls this data, nor can it be tokenized. All node operators participate in achieving a fair data economy, rather than relying on intermediaries to ensure data availability and integrity. Swarm fills the privacy gap, and the absence of a central mechanism means that no one has the power to access or restrict accounts, and content can remain in the hands of users.

In addition, since Bee is a Swarm client implemented with go-ethereum. It is the basic building block of the Swarm network and the first client implementation. Bee provides high-level constructs for file storage, feeds, and key-value storage, while also providing low-level access to other applications and libraries that create single-owner and Trojan horse blocks on the client. Therefore, Swarm is not susceptible to single node failures and server disconnections, nor is it vulnerable to hacker attacks.

Team members

Jeffrey Wilcke is founder and team lead and a member of the go-ethereum team in Amsterdam. He supports Ethersphere sub-teams Dani, Fefe and Swarm, protecting the project during times of economic austerity.

Elad Verbin has served as a scientific advisor and strategic consultant to Swarm for many years. Elad has invested a lot of energy in the project and his insights into various areas of Swarm, especially the isomorphism between pointer-based functional data structures and the content they process, are unparalleled.

Swarm Development Roadmap

According to the official roadmap, the development process of Swarm is divided into five stages:

• 2015-2020: Research under the framework of the Ethereum Foundation

• June 2020: Book of Swarm released

• July 2020: Network release

• September 2020: Beta version released

• June 2021: Token issuance and public offering on Coinlist

Fundraising History

In 2020, Swarm reached a significant fundraising goal, completing a $6 million private fundraising. Swarm raised $2 million when it was released in Beta, and another $4 million after Swarm Live ended in December of the same year.

At present, Swarm has received investment from many well-known institutions such as ALPHEMY CAPITAl, Bitscale Capital, DFG, KR1, HashKey, NGC Ventures, The LAO, LD Capital, LOTUS CAPITAL, P2P CAPITAL, WATERDRIP Capital, White Paper Capital, etc. This financing promotes the development of the platform and creates positive social impact.

Summarize

In today's era, people are increasingly faced with a dilemma in protecting data and human rights. Now the decentralized storage industry needs a new paradigm. Swarm proposes an alternative vision, that of a world of autonomous sovereign data sharing.

Swarm is built on a strong vision of decentralized computing and storage, researched on the institutions of Ethereum, and has become one of the most anticipated projects in its years of development. Swarm aspires to shape a future of a global society with self-sovereign sovereignty and open markets without permission. Its applications can run autonomously and securely in a global-scale deployment and execution environment.

Decentralized storage provides a powerful alternative to traditional centralized storage. Swarm provides developers with a new opportunity to explore the field of distributed storage, emphasizing the security of content storage and improving network and privacy, which will undoubtedly win the favor of users and enterprises in the future.