What Is Decentralized Storage?
Introduction
In 2006, British mathematician Clive Humby coined the phrase "data is the new oil." This statement is more relevant than ever in an age where our personal data is deeply intertwined with our online experience.
Today, the personal data that makes up our digital identity is typically stored in a centralized way. While centralized storage solutions are more accessible, users don't have full control over what data they want to share and how they want to share it, making it potentially more vulnerable to data loss, privacy breaches, and cyberattacks.
However, the advent of Web3 has changed the way we interact with one another online, with blockchain technology playing a considerable role in this shift.
Blockchain-powered applications run independently without needing trusted third parties, creating a decentralized Internet where users can control more of their data and online experiences. Moreover, with the emergence of decentralized storage, users can access and store their data in a distributed way rather than on a single centralized server.
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