Storage

Storage protocols allow users to store their data on the blockchain network in a decentralized manner. This negates the need for a centralized storage host such as Amazon, OneDrive, DropBox, and others. This removes the issue of a single point of failure. Decentralized servers make use of independent nodes which in turn use spare storage space on computers. Users are able to rent out their spare storage on In exchange for storage space, users are able to use a storage protocol’s token to pay for the service.