Decentralised Storage- The Future of the Internet

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Golem has joined the Filecoin trusted setup ceremony in an attempt to make decentralized storage a reality at a bigger and better scale.
  • Golem says that it is and can only be limited to the developer’s creativity, which in simpler words, means that it has virtually no limitations at all.
  • Golem has the capacity to create a decentralized computer power-sharing economy, which allows the developers to get access to cheap and reliable computing power.

Golem has joined the Filecoin trusted setup ceremony in an attempt to make decentralized storage a reality at a bigger and better scale.

Golem is a decentralized and open-source supercomputer that can be accessed by literally anyone globally. Golem says that it is and can only be limited to the developer’s creativity, which in simpler words, means that it has virtually no limitations at all.

Golem has the capacity to create a decentralized computer power-sharing economy, which allows the developers to get access to cheap and reliable computing power. It can combine multiple devices raning from user’s machines to high-end data centers into its an ecosystem.

It has an Ethereum based transaction system which allows for payments for requestors to providers through the Ethereum network in an easy to use way.

The ceremony is about generating setup parameters for zkSNARKS. The possibilities with zkSNARKS are exciting, the correctness of computations can be verified by without actually having to execute them and without even learning what was executed. All you will get to know is that it was executed successfully.

Most of the zkSNARKS’ explanations remain somewhat magical and only suggest why it worked and how it worked. That is, of course, if it did work at all. Surprisingly zkSNARKS is made up of only four ingredients.

The Filecoin’s blog post said,

Annotation 2020-02-16 105403

With the help of the enormous amount of computing power available openly and tools like zkSNARKS, the dream of the future of a decentralized internet can be made a reality in the coming years. With Golem, it can be said that the future of decentralized storage is now a reality.

The key to finding and building better tools is testing tools made by us and improving from there.

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners