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Traditional data storage systems were great for some time, but they had several disadvantages, such as data breaches and vulnerabilities, which some people couldn't put up with anymore.

That's how blockchain-based storage technology came in, to create solutions for these challenges, which mainly stem from the centralization of data storage. Today, several platforms offer decentralized cloud storage services, and these are some of the best.

Filecoin was developed and launched in 2017 by Protocol Labs to create a more efficient, secure, and decentralized way to store and access online data. It uses a peer-to-peer system where people contribute their computer storage to the network.

It operates on two consensus mechanisms: Proof of Replication, where a miner proves they have a unique copy of data, and Proof of Space-Time, where miners prove the unique copy of data has existed in physical storage over a certain period. Filecoin's native token, FIL, pays for data storage and rewards storage providers for contributing storage resources. If interested, find out more about how Filecoin works.

Internet Computer was created by the DFINITY foundation to extend the functionality of the Internet by creating a secure environment for running smart contracts, deploying decentralized applications, and hosting websites.

Powered by the Internet Computer Protocol, a 4-layer protocol running on individual nodes, the network operates each subnet independently yet asynchronously to collectively form a unified computing platform. Its reliance on independent data centers worldwide provides limitless scalability and high-performance computing, which can handle high transaction throughput.

The network's native token, ICP, rewards storage contributors and pays transaction fees.

Known globally as a popular torrent client, BitTorrent launched a TRC-20 token, BTT, to provide users of the BitTorrent ecosystem with a utility token for transactions related to content distribution and file sharing.

BTT is a rewarding token for contributors of computer resources in the BitTorrent network. BitTorrent customers needing priority access and faster download speeds can pay for the services using BTT, and anyone who, after downloading torrent, provides seeding can start earning BTT. The BitTorrent network uses Tron's smart contracts to enhance its services, offering a decentralized file storage system and bandwidth for faster downloads.

Holo is a decentralized marketplace for cloud storage where anyone can integrate their computer storage into the network for hosting peer-to-peer applications. In return, the host gets paid in HoloFuel, the internal micro-currency, while users who access and use applications hosted on the network pay HoloFuel for the service.

Holo also has an ERC-20 token (HoloToken) exchangeable with HoloFuel on a 1:1 ratio. The network is built on Holochain, and it leverages independent nodes which communicate and interact with one another, eliminating the need for global consensus, which allows for faster processing of transactions and higher throughput.

Ocean Protocol was built to enable open and equitable access to data. It provides a marketplace where users can securely publish and monetize their data while preserving privacy. It incorporates the Compute-to-Data concept, which allows users to use data without directly accessing it or compromising the raw data.

Its native token, Ocean Token, is used to reward data storage space providers, facilitate transactions, and for governance purposes. Ocean Protocol is also designed to be interoperable with other blockchains, such as Ethereum, Binance Smart Chain, and Polygon, through bridges that facilitate data transfer across different protocols.

Traditional storage systems risk being tampered with and having data modified or deleted. Arweave was designed to solve this issue by providing a decentralized tamper-proof storage platform that permanently stores data.

It's founded on "permaweb," a layer built to connect users with global storage. It functions similarly to how HTTP/HTTPS facilitates communication between internet users and web servers, but with a serverless structure. This architecture enables automatic autoscaling depending on required storage, unlike traditional servers, where people will still pay for the capacity they never use.

Arweave is great for DeFi, DApps, content archiving, and data storage for research.

The Sia Network is a community of data storage enthusiasts and open-source developers. It provides a secure, decentralized cloud storage platform founded on a network of individual storage space contributors across the globe.

Users pay Siacoins to enter into storage contracts that define the terms of storage, duration, and price. Meanwhile, hosts must prove they are storing the data they claim using the Proof of Storage mechanism. The online marketplace allows buyers and sellers to interact trustlessly and without intermediaries.

On top of the network is a decentralized content delivery network known as Skynet that extends the hosting services in a censorship-resistant manner.

Flux is a blockchain-based cloud storage ecosystem that lets users build and deploy decentralized applications. It offers a people-powered network where users can utilize computing resources globally.

The platform is designed to focus on security, interoperability, and redundancy and allows users to pay for storage services based on provided specifications. Nodes in the network are compensated in Flux tokens. Flux is also an active campaigner of environmental sustainability, considering it leverages climate-sustainable blockchain solutions such as ASIC-resistant mining algorithms and the Proof of Useful-Work consensus mechanism.

A popular platform running on Flux is WordPress, which relies on it for decentralized web hosting.

Storj is an open-source cloud storage project offering secure, private, affordable solutions. It's founded on a peer-to-peer network of connected spare storage resources from individuals and organizations worldwide.

The network design uses small data pieces encrypted within the client side before being uploaded to the network. The network also implements coding techniques that ensure data availability and durability even when some nodes go offline.

Storj operates a native token (STORJ) for compensating storage node operators and facilitating transactions within the system. It's great for archiving, content distribution, and application data storage.

Akash Network is an open platform for the secure and efficient trading of computing resources. Its technology is founded on Supercloud, a cloud architecture that enables the migration of applications across different cloud providers and availability zones.

To get storage services, users submit their budget prize, and hosts compete for business which often results in more affordability than other cloud systems. It also uses the proof of stake mechanism to regulate the participation of node operators.

The network's native token, AKT, is used for governance, securing the blockchain, incentivizing participation, and as a store or exchange of value. Akash Network is attractive to developers seeking decentralized, affordable cloud computing services.

Blockchain-based storage platforms will play a significant role in the future of data storage owing to their compelling advantages over traditional centralized systems. From decentralized storage to enhanced security to censorship resistance, these platforms align well with the growing market of people invested in better data storage.

While they may face scalability issues and slow user adoption, the potential benefits of these platforms far outweigh the concerns. It's only likely that their market stake will keep growing.

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The Top 10 Blockchain-Based Storage Platforms - MUO - MakeUseOf

For investors, maintaining and growing their portfolio is most important. And so, they are constantly on the lookout for promising altcoins that have the potential to generate substantial returns. This article will delve into three prominent contenders for the next bullish phase: Cardano, Avalanche, and BEASTS Coin (BEASTS). While all three projects operate within the same industry, they possess distinct features and value propositions that set them apart. By examining them, we can provide existing crypto investors with valuable insights and exciting prospects for the future of the digital currency landscape. Stay tuned as we explore these three intriguing cryptocurrencies unique characteristics and potential growth opportunities.

Avalanche addresses the challenges of scalability and security faced by existing blockchain networks, aiming to provide a decentralized platform. It achieves this by implementing a consensus protocol known as Avalanche consensus. Its the fundamental building block for decentralized applications and financial systems.

The consensus protocol employed by Avalanche, known as the Snow family of consensus algorithms, takes a distinctive approach. It enables rapid block confirmation by randomly sampling network participants to achieve consensus. Using a lightweight network structure, Avalanche processes transactions swiftly without compromising security.

Avalanche has gained significant recognition in cryptocurrency due to its innovative technology and the potential to revolutionize the scalability of blockchain networks. With increasing developer and project adoption, investing in Avalanche presents an opportunity to become part of a growing ecosystem that aims to reshape the future of decentralized finance and applications.

BEASTS Coin defies the conventions of a typical cryptocurrency, embodying the concept of caged liquidity that accumulates strength and resilience over time. Its narrative revolves around the transformation of Rabbit 4001, a former tormented soul who emerges as a brilliant scientist. This symbolic journey represents the pursuit of financial liberation and empowerment. As your investment progresses, the Caged Beasts evolve into potent entities poised to break free and bestow you the freedom you deserve.

BEASTS Coin operates similarly to other meme coins, leveraging blockchain technology to facilitate transactions and ensure transparency. It is built on the Binance Smart Chain, allowing fast and cost-effective transactions. BEASTS Coins ecosystem includes features such as staking, NFTs, and community-driven initiatives, contributing to its vibrant and engaging community.

Despite its recent establishment, this emerging cryptocurrency has quickly caught the attention of astute investors searching for the next significant opportunity. This formidable digital currency offers a plethora of investment prospects, boasting a supply of 10 trillion tokens and featuring a tax-free buying and selling system. During the presale phase, 60% of tokens are available for acquisition, while 30% of the presale funds are locked until the release date to promote stability. Moreover, an extra 25% of tokens fuels the marketing wallet, enhancing its visibility and enticing a growing number of enthusiasts to participate in this vibrant and dynamic community.

Cardano strives to establish a secure and scalable foundation for smart contracts and decentralized applications (dApps) through its decentralized blockchain platform. It differentiates itself from other cryptocurrencies by emphasizing scientific research and peer-reviewed methods. Cardano aims to foster transparency and sustainability in digital transactions by integrating advanced technology with rigorous academic principles.

Cardano employs a unique consensus algorithm, Ouroboros, ensuring the networks security and reliability. This algorithm organizes time into epochs and slots, facilitating efficient block generation and verification processes. Cardanos multi-layered architecture also separates the settlement layer from the computational layer, introducing enhanced flexibility and scalability to the platform.

Cardano has gained substantial recognition and support from the cryptocurrency community thanks to its ambitious roadmap and talented development team. The project has yet to achieve several vital milestones, including implementing intelligent contracts and finalizing its governance model. Consequently, investing in Cardano can be viewed as a strategic decision before these critical features are fully realized, offering the potential for significant growth and advancement in the future.

Cardano, Avalanche, and BEASTS Coin offer investors distinct value propositions and opportunities. Cardano stands out with its commitment to scientific research and robust blockchain infrastructure. Avalanche excels in its consensus protocol and scalability solutions. BEASTS Coin caters to a niche, providing an entertaining investment experience.

BEASTS Coin (BEASTS):

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

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Exploring The Best Altcoins For The Next Bull Run: Cardano ... - Tekedia

Token holders know that they can benefit from Binance Smart Contracts greatly, but many of them may be worried about being bested by a scam or a fraud. This article will share the key factors that token holders need to consider in order to avoid getting entangled in a scam and suffering losses.

Binance Smart Contracts are a powerful tool for token holders looking to securely and reliably manage their crypto assets. Binance Smart Contracts provide users with the ability to create decentralized and trustless agreements, allowing them to protect themselves from potential scams and other malicious activities commonly associated with the crypto-currency space. With Binance Smart Contracts, users can write contracts that automatically execute when certain conditions are met and all transactions are securely stored on the blockchain. This allows users to streamline the process of sending money, managing their tokens, and exchanging goods or services amongst other participants in the network.

Binance Smart Contracts also offer a range of additional features such as multi-signature wallets, secure storage protocols, and decentralized applications. This makes it an ideal platform for token holders to manage their assets and stay safe from theft or fraud. Overall, Binance Smart Contracts are a powerful tool that can help token holders securely manage their crypto assets, reduce the risk of scams, and access additional features such as multi-signature wallets and decentralized applications. With its innovative features, it is fast becoming one of the most popular ways to manage tokens and other crypto assets.

Binance Smart Contracts for Token Holders

Binance Smart Contracts offer token holders a number of benefits. With these contracts, token holders can control their own crypto assets without having to rely on third-party services or platforms. This gives them more control over their funds and reduces the risk of fraud or theft. Additionally, Binance Smart Contracts also provide a way for users to transfer tokens securely and easily, without the need for a middleman. This makes it easier for users to send tokens between themselves in a trustless manner. The contracts also provide token holders with additional security features such as on-chain dispute resolution and scam prevention mechanisms.

These additional security measures can help reduce the risk of theft while providing users with more control over their funds. Overall, Binance Smart Contracts provide token holders with a secure and reliable way to manage their crypto assets. The use of these contracts also offers users the ability to create decentralized applications on top of the blockchain without having to worry about security or other issues related to maintaining trust in third-party services. This eliminates the need for users to trust any third-party services or platforms when using the blockchain, allowing them to interact directly with each other without relying on intermediaries. This makes it easier and more secure for users to transact on the blockchain while increasing the flexibility of their crypto assets.

RING Financial is a good example of a project that utilized Binance Smart Contracts and faced some serious challenges along the way. Some have thrown accusations at RING Financial, making the claims that the project was a scam. Lets study this example and see what it says about the Binance blockchain scams or possible solutions to any such scam in the crypto space. But first, lets see what the RING Financial project was designed to be.

The DeFi project was a protocol aimed at aggregating all the best staking protocols and giving access to all decentralized protocols. As many enthusiasts already know the crypto space can be a challenge to navigate. The RING Financial Token was designed to ease the process for all investors. RING Financial also aimed to reduce costs and fees. Having been built on the Binance Smart Chain, RING Financial was able to offer lower price points to users. The project aimed at changing the DeFi space for its noders and it was essentially on the way to achieving this goal. However, RING Financial suffered a hack on December 5, 2021.

Many crypto projects have suffered due to hacker attacks in the past, and RING Financial fell victim to the same issue. The project utilized the famously secure Binance smart contracts, but the development phase had a flaw that laid the project open to attack. The fundamental flaw of the development was not assigning the onlyOwner function to the Reward part of the project. Why didnt the RING Financial developers include the function? They assumed that the codes would automatically inherit the functions assigned to their parents, which is the standard for many coding languages. This resulted in anyone being able to modify this part of the code and hence exposing the project to the threat of a scam. This resulted in the project getting hacked, leading to losses on the part of the users and, in the end, causing a decline in trust in RING Financial.

So, what can we draw from the RING Financial case study? We can discern that crypto spaces are still developing and the potential for a scam is a danger to most crypto projects. We do think that despite the losses suffered, RING Financial was likely not a scam or a fraud due to the nature of the Contracts flaw. Many accused RING Financial of being a scam, but the facts of the case simply dont bear out the claims. What can future crypto investors do to avoid getting accused of being a scam or a fraud? They must avoid security breaches at all costs. Lets check out some important crypto-safety rules they can follow.

To avoid getting entangled in a fraud or a scam ensure proper coding and the lack of development flaws.

These are the most important basic rules to keep in mind for projects to avoid being accused of a scam or fraud. You should also strive to avoid the flaws in other projects such as RING Financial. By following these rules and digging a bit deeper to come up with your own, you can build a safe and secure project of your own, ensuring its success.

Link:

An Introduction to Binance Smart Contracts for Token Holders - Net Newsledger

Road Town, BVI, June 21, 2023 (GLOBE NEWSWIRE) --

Palmswap, a BVI-based perpetual decentralized trading platform built on Binance Smart Chain (BSC), has partnered with Gotbit Hedge Fund and its market making division, a platform-based solution designed to bring back control of markets to project founders, to allocate liquidity as part of their liquidity provider program to the upcoming Palmswap liquidity event in anticipation of the launch of Palmswap v2, scheduled for July 5, 2023. An undisclosed amount will be allocated from Gotbit, through the minting and auto-staking of the Palmswap Liquidity Provider (PLP) token during the Launch Event beginning June 27. PLP stakers get up to 500% APR plus existing LP rewards through the facilitation of trades and market activity on Palmswap v2, once live.

Gotbit Hedge Fund is a performance-focused crypto market maker with a platform-based service and utility integration approach. Gotbit includes an internal team of developers that build utilities to add extra value to web3 projects.

With its unique and synthetic architecture, Palmswap v2 is substantially more capital-efficient than other alternatives, allowing for low trading fees, and a wide range of levers and pairs. The Gotbit platform is perfectly suited to the current needs of Palmswap, as it was designed to be a liquidity-efficient, powerful and user-friendly decentralized leveraged trading platform. It was also designed to provide CEX-like trading features while overcoming common DEX issues, such as front-running, slippage, asset limitations, native security and a lack of risk management features.

According to Palmswaps CPO Bernd Stckl: Our upcoming liquidity event will usher in a new era of fast, efficient, and user-friendly decentralized trading. We are excited about our partnership with Gotbit for our liquidity event and are confident in the platforms ability to handle the transaction volumes, speeds, and order management expected of the event and count on Gotbits continued support as we roll out Palmswap v2 as the preferred next-gen leveraged trading platform for the masses.

Alex Andryunin, CEO & Founder of Gotbit Hedge Fund, also commented on the partnership by saying: Palmswap stands apart from other decentralized trading platforms as one that is thoroughly committed to the ideals of user-friendly, cost-effective, fast, performant, and reliable digital asset trading. We are thrilled to be part of Palmswaps liquidity event and fully support the platforms development and roll-out of robust and reliable, customer-friendly trading tools.

PLP Palmswaps liquidity provider token, consists of an index of USDT assets for leverage trading. It can be minted with USDT and burned back against USDT - being 100% liquid at all times. 60% of protocol fees are distributed to PLP holders and stakers. As part of the liquidity event, rewards of up to 25 million $PALM tokens worth over $500,000 will be issued through this program to depositors, via a FCFS basis, where 1.5 to 5 PALM per PLP, can be earned based on the total initial PLP issued. The starting price of PLP will be $1 per token. Early minters will enjoy higher rewards through this tiered system, and interested parties can sign up to participate here.

Furthermore, the PALM token, as Palmswaps governance token, is designed to facilitate and incentivize the decentralized governance of the protocol along with providing future access to trading fee discounts, tiered access to Palm Pad projects, increased affiliate commissions upon staking and more. The overall Palmswap ecosystem is centered around governance, trading rewards, and staking, and has been developed to fuel the future growth and decentralization of the protocol.

With the deep liquidity being provided via Gotbit and the active participation and growth of the Palmswap user base, Palmswap specifically, Palmswap v2, the new iteration of the Palmswap decentralized leveraged trading platform is perfectly positioned to sustain growth and activity by a new wave of Web3 participants.

About Palmswap

Palmswap is a next-generation decentralized exchange designed for powerful and professional perpetual trading. With the inherent security, privacy, and reliability of decentralization, Palmswap delivers seamless and transparent trading capabilities without relying on third parties. Palmswap aims to strengthen confidence in cryptocurrency trading by giving customers complete control over their assets while offering them deep liquidity pools and a seamless trading experience. Learn more by visiting https://palmswap.org/.

Media contact:

office@palmswap.org

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Palmswap Secures Partnership with Gotbit for the Palmswap ... - GlobeNewswire

Stockholm, Sweden, June 21st, 2023, Chainwire

My Neighbor Alice unveils crafting features, Elle Collaboration, and free trials in the upcoming ALPHA Season 3.

My Neighbor Alice, the innovative fully-decentralized open-world game, is thrilled to announce its latest crafting features in its immersive gameplay in Alpha Season 3, launching on June 27, 2023. The Alpha Season 3 brings gaming to a new level with an exclusive collaboration with the legendary fashion and lifestyle brand ELLE.

The exclusive relationship with ELLE bridges the gap that combines fashion, lifestyle, and gaming to bring an immersive experience for players. This new season includes novel features such as Townhubs, free renting, and a simple Crafting system to improve the gameplay experience and inspire innovation.

Keeping with the teams dedication to inclusivity and accessibility, My Neighbor Alice will be offering a limited-time Free Trial, allowing more players to enjoy the world of My Neighbor Alice. The Free Trial for My Neighbor Alice Season 3 offers two distinct options:

Share Land Plots with Friends: This feature enables players to jointly own a part of the My Neighbor Alice universe, fostering a sense of community and collaboration.

Free Trial for New Users: Newcomers to the game have the opportunity to access a plot of land for a limited period. As new players, they will enjoy an equal and immersive experience akin to that of conventional landowners. To sign up for the Free Trial, interested individuals can visit http://www.myneighboralice.com/free-trial.

The crafting system is set to change how players engage with the game. Players can use blueprints and tickets to make various goods, participate in activities such as fishing and farming for materials, and use crafting tables to assemble their unique creations. From simple elements like fences and tables to more complex components like gates and fountains, crafting adds a new level of customization and interaction to the game.

ELLE will be featured as a neighbor in the game, with plots in each active zone. Players will have the opportunity to complete quests and obtain unique ELLE-branded products with an Alice twist.

Players can now utilize ALICE tokens in My Neighbor Alice to craft exclusive items. This exciting feature introduces the bridging of ALICE tokens from Binance Smart Chain (BSC) to Chromia Appnet, making it the first-ever use of a bridged asset in the game. To learn more about this exciting development, click here.

For more information and to stay updated, please visit My Neighbor Alices:

Discord | Telegram | Telegram Announcement | Twitter | Linkedin

About My Neighbor Alice

My Neighbor Alice is a groundbreaking multiplayer builder game built on Chromias Blockchain that offers an engaging and accessible experience on a charming virtual island. My Neighbor Alice represents the future of gaming, combining virtual reality, blockchain, and decentralized finance to redefine how people interact with virtual worlds. Integrating Blockchain technology allows players to own and trade virtual assets (NFTs). The games marketplace enables players to buy, sell, and trade these NFTs, creating a dynamic and player-driven virtual economy. Players can earn rewards, monetize their creations, and engage in community events, fostering a sense of ownership and collaboration. With different strategic partnerships, MNA underscores the projects dedication to promoting NFT ownership, encouraging a more engaging and interactive gaming community.

Fati Hakim[emailprotected]

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Exciting Adventure Awaits as My Neighbor Alice Unveils Alpha ... - Finbold - Finance in Bold