Decentralized Storage and QTC

An Introduction to Decentralized Storage
In recent years, with the advancement and development of technology,
people are continually looking for innovative ways to compute in order to
meet their needs for more processing power and large storage space.
Decentralized storage solved the concern of many people around by
introducing a peer-to-peer computing model. Decentralized storage systems,
unlike centralized servers, consists of a peer-to-peer network of users that
each hold a share of the overall data, resulting in a resilient file storage
sharing system.

Over the last few years, traditional cloud storage systems have grown in
popularity as an alternative to store data locally on a device or server.
However, it has a number of drawbacks as they are vulnerable to cyber-
attacks and censorship on a territorial level. Furthermore, technological
difficulties and downtime will result in a loss of productivity.
An unconventional approach that has been developed in the blockchain is
decentralized storage. One of the most important underlying layers for a
scalable decentralized web is its storage structure. Instead of storing all data
in a single server, data in a shared storage structure is divided into chunks
and stored in multiple nodes of a peer-to-peer (P2P) network.

Decentralized Storage and QTC
Qitchain QTC has an advanced and unconventional decentralized storage
system. The benefit of using such storage is that it can do the same
functions as a decentralized web i.e., security, privacy, no single point of
failure, cost-effective. Decentralization is the process of transferring power
from a central government to a more decentralized and “liberal” structure.

Instead of being stored in centralized data centers, files are encrypted,
fragmented, and distributed across a worldwide network.
There are various reasons why decentralized storage is becoming more
popular than centralized cloud storage. Data of centralized cloud storage
breaches in past years, data outages also occur, storage costs rise and most
importantly there is a lack of ownership. Hence, there was a pressing need
for these issues to be resolved. A decentralized storage system has promised
to solve these.

Qitchain QTC’s decentralized storage provides various benefits that are:
Privacy: Before uploading data, it is being encrypted. So, only you and
those you share it with have access to it.
Security: Data breaches are a thing of the past because every file is
encrypted, split into fragments, and stored on many Nodes. So, data is
also protected from harmful attacks. Thanks to this decentralized
architecture.
Always Available: Data is multi-region by default, always available
when you need it.
Lower Storage Cost: The amount of storage accessible is substantially
increased when millions of nodes host your data. As a result, the
storage costs are reduced significantly.
Faster Speed: Multiple copies of the data are stored on separate nodes
thanks to P2P technology, which eliminates the need for a central
server, allowing for more copies of the data and better download
speeds.
Minimal File Loss: Extra copies of the user’s data can store in case of
transmission problems. Hence, the possibility of losing files becomes
minimal.

Thus, Qitchain QTC with the help of its decentralized storage stores data on a decentralized network across various locations. It is stored by users or
groups who are motivated to join, store and keep data accessible. Rather
than being hosted by a single firm, the servers are hosted by individuals.
Anyone may join this for free. Smart contracts keep them honest, and tokens incentivize them to contribute.

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