Re:Ethereum has blobs. Where do we go from here?
by kemotep on Friday March 29, 2024 @11:21AM
(#39865153)
Does Storj use a blockchain at all? It just looks like cloud storage, denominated in dollars.
Re:Ethereum has blobs. Where do we go from here?
by rglullis on Friday March 29, 2024 @07:14PM
(#39870088)
For the consumer, yes, but for those running the storage nodes, there is some blockchain stuff.
- storage nodes getting audits and the results being stored in a smart contract.
- calculation of payouts.
- payouts to storage nodes with their token.
Only if you want to have these applications fully running on the base layer, which is frankly nonsense.
To give you one practical example: Storj can provide a object storage service at AWS scale, and its pricing has nothing to do network activity and the price of storage does not change based on the amount of transactions per minute. Unless you want to be paid in real-time and account for every byte that you are storing and transmitting, there is no need to put all of the business logic in the blockchain.