The Problem with Centralized Storage
To support the rapidly growing quantities of data on Web 2.0, the world’s top tech companies have been offering centralized cloud storage services, with the top 5 providers accounting for 80% of the market in 2020.2
Centralized cloud data storage has many major disadvantages such as:
- Unreliable security leading to hacking and other cyber crime
- Limited connectivity
- Unintended data loss
- Poor scalability
- Dependency on centralized providers
Decentralized Data Storage
Decentralized Data Storage stores data in various locations across a comprehensive storage network. This creates an incredibly secure storage solution, ensuring data is not compromised should individual storage locations fail and protects against hacking and other cyber crime.
By never storing information in one single location, it is impossible for unauthorized individuals to access, corrupt or lock files.