FILECOIN Launches Large Datasets Website


Decentralized storage provides drastic improvements in terms of robustness and efficiency when compared to traditional cloud storage, leading organizations such as the Shoah Foundation to trust Filecoin with its large data needs. The Filecoin community is excited to introduce a dedicated 👉website for these services as a cheaper Web3 alternative to its Web 2 predecessors with more than 15+ EiB available in storage power. 

Filecoin for Large Data
The Filecoin Network has reached 15 exbibytes (EiB) of data storage capabilities. Today, as many as seven hundred organizations use it for data storage and retrieval. As more and more individuals and decentralized applications onboard themselves to decentralized storage, Filecoin is also situated to welcome large traditional players into Web3.

The network is uniquely built to accept, store, secure, and make available large datasets coming from enterprise-scale clients. Moreover, the Filecoin ecosystem has recently announced Project Gravity, a sales referral program to incentivize these clients to bring their large datasets to Filecoin. Protocol Labs is excited to announce Project Gravity II to continue the sales referral program and incentivize data storage.

Coming Off the Cloud
Today, cloud storage is how most enterprises store their data. It provides a secure way for organizations to host data they may need to access remotely and share between multiple verified users. On the surface, it seems like a viable solution for an organization, but closer inspection reveals several potential flaws, including:
  • Centralization: All data is stored with a single company, and often in one or very few geographical locations. This exposes servers to geopolitical, natural disasters, and security risks.
  • Fragility: Cloud storage services can isolate data from the people that own it by limiting its transferability. With companies typically invested in a single vendor, these lock-ins can become a concern for those who wish to maintain multiple instances of their data.
  • Cost: Enterprise data storage on the cloud has varying rates. Lock-ins tend to reduce the ability of organizations to negotiate prices, creating high-friction markets.
Filecoin has developed a comprehensive solution to these shortfalls. It offers enterprises all the utilities they’ve come to expect from cloud storage services without the vulnerabilities that are inherent to a centralized data storage system. Among its benefits are:
  • Decentralization: there’s no single-point-of-failure and no proprietary lock-in. Data can be spread across multiple storage providers around the globe who guarantee its permanence and availability in the face of any individual risk.
  • Robustness: Cryptographic data is verified daily and multi-copy architecture means there’s always redundancy built into the system.
  • Efficiency: Decentralized storage is cheaper than cloud storage because of a competitive bidding system that forms the core of the infrastructure. Data can be stored closer to the edge.

All that is to say that the Filecoin Network is primed for massive datasets. Fifteen exbibytes of data storage are equivalent to more than 60,000 copies of Wikipedia in its entirety, and that milestone was reached in just a year following mainnet launch.

Many organizations can experience these benefits from decentralized storage. That’s why Protocol Labs is launching 
👉Project Gravity II, a sales referral program to incentivize clients to store large datasets on Filecoin.

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