Editor's Note: This article comes fromDeepChain (ID: deepchain-eva), Author: Gisele, reproduced by Odaily with authorization.
Editor's Note: This article comes from
DeepChain (ID: deepchain-eva)
, Author: Gisele, reproduced by Odaily with authorization.
In the early hours of this morning, Filecoin announced on its official blog that it will open the mainnet when the epoch reaches a height of 148888 (expected around October 15th), and then there will be a period of monitoring and problem solving to ensure the normal operation of the network after the transition.
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Cloud storage project market value ranking and comparison of rise and fall today
1.Siacoin
In fact, as early as August when Filecoin started the first round of large miner tests, the storage sector ushered in a round of market rotation. Now that the mainnet launch is imminent, the distributed storage project will naturally become a hot spot in the market, so some investors said: plan ahead and try to change a bicycle into a motorcycle.
However, apart from Filecoin, which is the most recognized in the market, what other projects are there in the cloud storage market?
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What are the value targets of the storage sector?
Launched in 2015, Siacoin is a veteran decentralized cloud storage project.
The main price is favorable and the storage cost is low.
2.Storj
Tenants use SC tokens to lease the idle hard disk storage space of the host, and the host can obtain SC token income by depositing the file contract. When uploading files, Siacoin first splits and encrypts the data, distributes them through a distributed network, and stores them in multiple hosts, thereby avoiding single point of failure and ensuring data security.
Siacoin's token SC adopts the PoW model for token distribution, so although Siacoin is a decentralized cloud storage project, the system does not distribute tokens based on the storage capacity provided by the miners, but the computing power.
Perhaps early investors still vaguely remember that Siacoin is also a forked currency.
At the end of 2018, the Siacoin team launched a hard fork on the grounds of "resisting the malicious monopoly of ASIC mining machines". This move aroused strong dissatisfaction among some community members. Some people pointed out that this is just a rhetoric for the Siacoin team to monopolize the market, because after the hard fork, only mining machines developed by Siacoin’s parent company can mine. This hard fork has also become a "black history" of the Siacoin team, and they have been labeled "interest first" by community members.
Launched in 2017, Storj is a distributed cloud storage protocol based on Ethereum and has received investment from institutions such as Google Ventures.
The highlight of Storj is its stable storage, which is benchmarked against Amazon S3 and focuses on enterprise storage.
In the Storj system, through the Tardigrade platform, files are encrypted and divided into multiple parts, and then stored in multiple node networks to reduce storage costs and improve data security.
3.Bluzelle
The core of Storj is that users and the community act as nodes. Users provide storage space for the platform to obtain STORJ token rewards, or pay STORJ to rent storage space. This means that Storj's storage business is linked to tokens. Users must hold or purchase STORJ tokens when renting storage space. The larger the business scale, the higher the demand for tokens.
In today's already small market, if you want to improve your business, you must have a competitive advantage in areas such as product safety and cost.
4.Arweave（AR）
At the end of 2019, the Aragon team put forward a proposal to use Storj-based IPFS nodes to store data. Since other community teams pointed out that Storj's single point of failure may cause data loss risks, the proposal was ultimately rejected.
Although the proposal was not passed, it conveyed a key message to investors: when enterprises choose decentralized storage solutions, they will prioritize data security, followed by cost issues.
Bluzelle is a distributed storage platform that mainly provides data storage services for Dapps. It is benchmarked against Oracle and is known as the "Oracle" in the blockchain field.
Previously, the development of Bluzelle had been almost at a standstill. Recently, it got on the ride of DeFi and provided quotation services for DeFi projects. Despite the double heat of cloud storage and DeFi, the BlZ currency price fell back to around $0.1 after the plate rotation.
Arweave is also an incentive layer application in the IPFS protocol and is fully compatible with IPFS.
The biggest highlight of Arweave is that data is directly stored in blocks, transaction settlement on the chain, and permanent storage.
Arweave is very popular in foreign communities, and many community members believe that its technology is novel. Two interesting points are:
First, BlockShadow, nodes can update data synchronously without downloading all blocks, which can effectively relieve the storage pressure of nodes.
Second, Wildfire's node scoring system, when each node shares data with adjacent nodes, it can score the reliability of the data provided by the adjacent nodes. The more reliability data provided, the higher the score. But at the same time, it may also lead to the problem of regional concentration.
The total number of AR tokens is 66 million, of which 55 million are produced in the genesis block (some tokens are locked), and the remaining 11 million are produced through mining.
According to data from the Coinmarketcap website, the current market value of AR is about 185 million US dollars, ranking 65th. Among the top ten global exchanges, only Bittrex and Huobi have listed AR tokens. It is understood that the AR transaction pair of B network has been banned and has not been lifted. It is also one of the few projects that currently ranks among the top 100 projects in terms of market capitalization, with fewer listings.
In terms of access to large exchanges, Arweave has potential benefits.
Who is the "dark horse"?
2020 is the year of distributed storage. You have heard too many words like this. If Filecoin can really drive the rotation of the storage sector, frankly speaking, with the current market conditions, you may not need to consider too many project fundamentals. It is more about the hype space of the project and the ability to attract funds.
Comparison chart of Google (global) search index in the past 30 days
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Community operation data comparison
As can be seen from the above two figures, Siacoin and Storj, as early distributed storage projects, have accumulated a certain degree of attention and relatively high popularity.
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Business data comparison
As the saying goes, there is no harm without comparison. Although Siacoin was launched two years earlier than Storj, the storage capacity of the entire network is only one-tenth of Storj, which is really unsatisfactory.
According to its community members, in the past two years, Siacoin's products have hardly undergone important update iterations. The market value of Siacoin is relatively high, which may be related to the excessive total amount of tokens and full circulation.
Due to poor business data and low product update frequency, we are not very optimistic about the future development of Siacoin.
When media or investors mention distributed storage, they often compare Siacoin and Storj together. Compared with Siacoin's bleak business data, Storj has nearly 10,000 nodes and a storage capacity of 20PB in the 3 years since its launch. The data is much "beautiful". What's more, Storj's current currency price is still lower than the ICO price (Storj's ICO price is 0.5 US dollars).
The project has been running smoothly for many years, the team continues to develop and update products, the business data is impressive, the amount of funds is relatively large, and the liquidity is good. Overall, Storj seems to be a good target.
But what needs to be guarded is that there are still a large number of tokens to be unlocked in the currency holding address of the Storj team, and it is not clear how to use the tokens after unlocking.
In the currency circle, quilt is not terrible, because we can also comfort ourselves "steady and don't panic, the team is doing things." The scary thing is that there is no project update information, and Bluzelle's previous code update frequency is too low, and the team is considered to be on the verge of running away. Judging from recent developments, the focus is shifting to the DeFi field, and its future development direction in the distributed cloud storage market has not yet been seen.
