Protocol Labs has launched Web3.Storage to offer developers and other users an alternative for decentralized storage. It is built on Filecoin, an open source blockchain-based payment system that can provide bookkeeping for users who wish to rent unused hard drive space.
According to the internet technology-support provider, the cryptocurrency Filecoin storage platform will remain free indefinitely as a simple and “hassle-free” way to upload data on the redundant storage capacity that storage providers offer in exchange for cryptocurrency Filecoin block rewards.
Protocol Labs’ Filecoin project is largely intended for developers seeking a simple-to-adopt peer-to-peer platform to share applications and code, Jonathan Victor, product manager and business development at Protocol Labs, told The New Stack.
“During the past year, we’ve seen many folks bemoan the problems with centralized tech platforms. Much of this opaqueness is required based on the architecture of the web as it exists today where applications must host data on centralized servers,” Victor said. Peer-to-peer technologies can be incredibly exciting as they offer an alternative for how applications can be built, and in turn how the internet can evolve. Decentralized technologies allow developers to build applications decoupled from their data: empowering developers to build open applications where data can be stored on open networks.”
According to Victor, the advantages include:
- The ability for developers to build applications that “give more power over their data.”
- Applications that can be built to be interoperable to benefit users “who can easily port between applications, as well as developers who can port applications across service providers.”
- Application resilience so that “data can live anywhere and applications don’t need to worry about a single provider going down and data being lost.”
- Storage that serves as an immutable reference to content via IPFS.
- Improved data retrieval by using public IPFS gateways or personal nodes over IPFS.
- Improved querying to allow users to query the status of any piece of content stored across IPFS or Filecoin via the service.
“The verifiability Web3.Storage offers is especially critical on peer-to-peer networks to ensure that content is not lost. Filecoin uniquely has cryptographic proofs that guarantee that the network has not lost users’ data,” Victor said. “It also provides an upgrade path as the Filecoin protocol upgrades to encompass more services such as smart contracts.”
Prior to Web3.Storage’s launch, developers either had to learn how to manage the relevant infrastructure themselves or work with a number of hosted providers for pinning services, Victor said. “Many pinning providers only offer redundant pinning as a resiliency factor that can lead to concerns about what happens if a single provider goes away,” Victor said. “While many pinning providers have plans to integrate Filecoin offerings, the aim here was to give developers a pathway to provable storage today — without having to roll it themselves.”