The industry’s next big thing after the IPFS and chia projects!
Swarm (BZZ coin), which is another masterpiece in the industry after IPFS and filecoin and chia project, will be launched in the industry!
So why more and more professional technical teams start to implement distributed storage projects, which is with the practical significance of launching distributed storage projects.
What is Swarm?
Swarm is the official storage and communication system launched by Ethernet, designed to provide decentralized and redundant storage for DApp code, user data, blockchain and state data, as well as an underlying construct for untraceable communication, with a built-in incentive system implemented through smart contracts on the Ethernet blockchain.
Ethernet developers can accomplish the task of decentralized storage of data through Swarm, instead of relying directly on external ecosystems like IPFS and Filecoin. Compared to Filecoin, the biggest difference between the two is the technical details and incentives.
Filecoin does not penalize storage, while Swarm penalizes storage. The former is flooded with junk content because there is no storage penalty mechanism, while the latter improves file availability and security through storage penalties.
Why was the Swarm project created?
Developed under the auspices of the Ethernet Foundation as a result of years of official technical research and innovation and optimization by the Ethernet Project, it is an application that allows the storage, bandwidth and arithmetic resources of mining pools to support the Ethernet Project network.
The Ethernet team hopes that the Swarm project can solve some of the project technology application problems that currently exist in Ethernet, trying to achieve a peer-to-peer storage and service solution with no downtime, zero failure and the ability to defend against censorship through the Swarm network.
According to the industry’s years of experience it is believed that through swarm network in the ability to create a system of economic incentives to promote the overall payment and transfer of the overall project operation of Ether, it can be said that Swarm is another application of the Ether blockchain protocol and technology.
By understanding the necessity of the times and the overall importance of Swarm for the development of the Ethernet blockchain by the Ethernet team. We can analyze and conclude that
Swarm is a new distributed storage project that follows the development trend of the Internet and plays an important role in the development and technical improvement of EtherChain. According to the current status and technical level of EtherChain in the circle, it can be intuitively seen that Swarm is a project with full potential advantages.
Swarm is an official part of the Ether project and is rewarded with ETH.
Swarm is a decentralized content storage and distribution service, think of it as a CDN, distributed over the Internet on computers.
You can run a Swarm node and connect to the Swarm network just like an Ether node.
This is similar to BitTorrent and can be analogous to IPFS, using ETH as a payoff incentive. Files are broken into chunks, distributed and stored by participating volunteers. Those nodes that provide services for the storage and for the blocks are compensated with ETH from those nodes that need the service of storing and retrieving data.
Mining pools can provide more stable storage and network resources, which is more beneficial to the ecology. Participation in the BZZ.so mining pool will provide maximum ROI ratio for professional miners. For casual miners by joining the pool and sharing resources to gain continuous and stable income. BZZ.so also lowers the threshold for individuals to join the ecology, which facilitates the stability of the Swarm network.
Swarm is an official part of the Ethernet project, mainly developed by the Foundation, allowing mining pools to store, bandwidth and arithmetic resources to support applications based on the Ethernet network. The team seeks to create a non-disruptive, zero-failure and censorship-proof peer-to-peer storage and services solution. Creating a financially incentivized system within Swarm will facilitate the payment and transfer of value in exchange for resources. The project uses different protocols and technologies from the ethereum blockchain. the core of Swarm is divided into 4 layers: the underlying P2P network, distributed storage, components that improve data access and define APIs for basic layer functionality, and the application layer.
Swarm decentralized content storage and distribution service can be thought of as a CDN, distributed over the Internet on computers. You can run Swarm nodes and connect to the Swarm network just like you would an Ethernet node. This is similar to BitTorrent and can be analogous to IPFS, using ETH as a payoff incentive. Files are broken into chunks, distributed and stored by participating volunteers. Those nodes that provide the storage and serve the blocks receive ETH as compensation from those nodes that need the service to store and retrieve the data.
Swarm, a distributed storage platform and content distribution service, is a local base layer service for the Ether web 3.0 stack. It is reported that the project is led and developed by the Ethernet Foundation, while Swarm’s protocol tag BZZ is written by V God himself, and together with smart contracts and Whisper, it forms the triumvirate of Ethernet web3.0.
With the joint promotion of the three gods, the Swarm project is leading the new technology wave with unstoppable momentum, and with the launch of Swarm mainnet, the era of Web3.0 is coming!
Star Investment Institution
Swarm has completed $6 million in private financing, with the most luxurious investment lineup and strong capital participation from the EtherFoundation team.
Swarm announced that it has completed $6 million in private financing. According to the information disclosed by Swarm, the investors include Alphemy Capital, Bitscale Capital, DFG, KR1, HashKey, NGC Ventures, The LAO, LD Capital, YBB Foundation, Waterdrip Capital, etc.
A. Expected to go live on the main network in mid-June, with fast circulation and no lock-in.
B. The storage section is on the same level as Filecoin (IPFS) and is on par with Filecoin.
C. It comes from a rich family with an aura, is financially supported by the Ether Foundation and has the Ether blockchain endorsement.
D. SWARM has completed $6 million in private financing, with an unprecedented investment lineup and strong background.
E. The total circulation of BZZ is extremely scarce with only 62.5 million pieces.
Personal stand: SWARM is promoted by three top bigwigs, VitalikButerin, founder of Ether, GavinWood, founder of Polka, and JeffreyWilcke, founder of Ether Fund.
ETH Whitepaper: The 2015 ETH whitepaper Swarm is then considered one of the three pillars that define the Web 3. component, along with Ether and Whisper.
The official website has identified the need to pledge BZZ for mining and the use of ETH as fuel to burn fully demonstrates the relationship between Swarm and ETH.
Can better achieve the blockchain decentralization of the Tennant project
Direct hot data storage landing application to ETH ecology without waiting
Solve the dilemma of insufficient storage space for smart contract Dapp
Worth participating in
Firstly, the project created by V God, the founder of ETH, and Gavin Wood, the founder of Boka, two blockchain gods who are very popular in the industry; naturally, people in the circle will not refuse, at least these two founders are more reliable.
Secondly, Swarm (BZZ) has the biggest advantage over Filecoin, which is already online on the main website, in that it has ready-made smart contract ecological resources from Ether, and has ready-made effective hot data storage, so it can soon realize the value of its distributed storage, and it is all active data.
Thirdly, the ecology of FILecoin is just in the start-up stage, the data stored in Filecoin are all junk data stored for mining FIL coins, the real effective data ecology still needs some time to develop, short of a year, slow of 3-10 years, his ecological value is gradually presented.
Fourth, the ecology of Ethernet ETH is currently the largest in the entire blockchain, and the market value is also the highest. The value of the current Swarm ecology is much higher than that of FILecoin, at least at the current stage, it will exceed that of FIL, and with the extremely small number of BZZ, the price of BZZ exceeds that of FIL at this stage. It can be said that Swarm distributed storage is the second largest distributed storage project after Filecoin.
Huge potential value
The Swarm project comes from the protocol label pioneered by ETH founder VittalikButerin (V God) in 2015, and the project team is jointly promoted by Ethernet founders VittalikButerin, GavinWood and JeffiryWilcke, supported by the Ethernet Foundation and backed by a strong star capital lineup. Participation, the Swarm project has a huge Ether user base and a continuous fermentation hotspot with a high degree of radiation worldwide, as well as the Token token mechanism of total scarcity, which lays the future super potential development space of the Swarm project. If you miss the EOS super node, or miss the early dividends of IPFS, then you must not miss the node mining at the early stage of the Swarm project.
The emergence of Swarm in the new era of blockchain announces the official opening of ethernet web 3.0 era
Lower transaction costs effectively solve the problem of eth network congestion reduce gas costs safe and efficient while saving a lot of transaction costs
Data security focus on privacy has a strong anti-censorship awareness incentive content agnostic collective storage
Technical team after 5 years of technical development by Vitalik Buterin, founder of eth, Gavin Wood, Jeffrey led the core team of 32 people.
Capital favorable to receive financial support from Bitcoin Suisse, an ethereum foundation, and to enter into a partnership with Bitcoin Suisse
Value prediction eth tokens may be based on Swarm network to mine most likely to become another generation of mainstream mining projects after “IPFS”.
Swarm is positioned in the world of Ethernet storage, mainly to do data storage, can store data related to smart contracts, we all know that there are many smart contract projects in Ethernet, they are only access to the smart contracts of Ethernet, but the data is still stored in the traditional centralized storage, once the server is closed, the link can not be opened, meaning that the user’s data is difficult to get back, this is the risk This is the risk, then Swarm advantage is reflected, with the existing ecology of Ethernet can be quickly landed. Therefore, Swarm will become ubiquitous in the future society. Regardless of the origin of Swarm, the background of the team, the investment lineup and the scarcity of the total amount (Swarm pre-airdrop only 1 million BZZ), the future potential is huge.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/an-article-to-read-the-official-project-swarm-of-ether/
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