The blockchain sector enables investors to gain exposure to a range of newly emerged industries through the purchase of digital tokens. One such sector is decentralized cloud storage.
In this guide, you will learn what decentralized cloud storage is and how you can invest in this new market through the purchase of decentralized storage tokens.
What Is Cloud Storage?
Cloud storage is a type of data storage where a user’s files are stored online “in the cloud” — in remote data centers from cloud storage providers — as opposed to on their own hard drives in exchange for a fee.
Cloud storage enables users to store large amounts of data that can then be accessed remotely from anywhere in the world. Moreover, it provides a cost-beneficial alternative to hosting your own data centers for startups and SMEs that require high storage space.
Leading cloud storage providers include DropBox, Google Drive, and Microsoft OneDrive.
What Is Decentralized Cloud Storage?
Now that you know what cloud storage is, let’s talk about decentralized cloud storage. As the name suggests, the different between traditional cloud storage providers and blockchain-powered decentralized cloud storage is that, in traditional cloud storage, your data is stored in one data center and is effectively held by one centralized organization.
In blockchain-based decentralized cloud storage, your data is encrypted and stored across a distributed network of nodes, which is composed of individuals and/or companies that share their excess hard disk space with the network in exchange for a fee.
Decentralized cloud storage solutions are more secure, more private and generally also more affordable than traditional cloud storage services.
Top Decentralized Storage Tokens
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