Ethereum

Ethereum [ETH] announces Swarm client Proof-of-concept v0.3

What is Swarm?

Ethereum Network recently announced the release of Swarm client v0.3, the third proof-of-concept release [POC3] of the Ethereum Swarm client. Swarm 0.3 has been deployed to the public Testnet.

Ethereum tweeted earlier today:

Ethereum-swap

What is Swarm (in a nutshell)?

Swarm is a distributed storage platform and content distribution service, a native base layer service of the ethereum web3 stack. The primary objective of Swarm is to provide a sufficiently decentralized and redundant store of Ethereum’s public record, in particular to store and distribute dapp code and data as well as blockchain data. It’s a service that provides APIs to upload and download content to the cloud.

From the end user’s perspective, Swarm is not that different from the world wide web, with the exception that uploads are not hosted on a specific server. Swarm offers a peer-to-peer storage and serving solution that is DDoS-resistant, has zero-downtime, fault-tolerant and censorship-resistant as well as self-sustaining due to a built-in incentive system which uses peer-to-peer accounting and allows trading resources for payment.

Advantages over other decentralized distributed storage solutions:

  • Swarm allows for upload and disappear which means that any node can just upload content to the Swarm and then is allowed to go offline. As long as nodes do not drop out or become unavailable, the content will still be accessible due to the ‘synchronization’ procedure in which nodes continuously pass along available data between each other.
  • The other significant feature is the incentive system. Incentive system solves the coordination problems of decentralized consensus in computation and state, in which it allows programmable rulesets for communities, networks, and decentralized services. This is done by implementing transparent self-enforcing incentives.

Swarm content storage is a lot more than just “bittorrent on steroids”

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Mercuun

IT and Blockchain enthusiast, geek and gamer since for ever.

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