Bittime - EthStorage is the latest innovation to address issues withDAPPs. Although DAPPs offer many advantages such as transparency and decentralization, there are still major challenges regarding security and data storage costs.
EthStorage comes as the latest innovation to address this problem, providing a solution that allows DAPPs to achieve true levels of trustlessness.
What is EthStorage?
EthStorage is a second layer storage protocol developed to reduce costs and increase the efficiency of data storage on the Ethereum blockchain. This protocol uses Proof of Random Access (PoRA) and zero-knowledge proof to optimize storage costs without compromising security.
With EthStorage, data that is typically stored off-chain can be moved to a more decentralized and cost-effective storage solution, thereby increasing the security and integrity of data in DAPPs.
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Development of DAPPs is Full of Challenges
Most DAPPs today only run backend logic on Ethereum, while other components such as front-end code and storage data remain outside the blockchain. This causes DAPPs to not fully inherit Ethereum's security and is far from ideal. The two main reasons for this problem are:
- Absence of Decentralized Front-end Standards and Tools: Ethereum has not provided appropriate standards and tools for developers to develop decentralized front-ends.
- High Cost of Data Storage: Storing data on the Ethereum blockchain is very expensive, so developers tend to store data off-chain.
EthStorage Innovations That Make You Gaze
The EthStorage team proposed two main solutions to overcome this problem, namely the web3 access protocol and the second layer storage protocol EthStorage.
web3 Access Protocol
EthStorage introduces the web3 access protocol which provides a complete standard and tools for developers to distribute and access front-end code via smart contracts.
With this protocol, developers can access and run applications directly from the blockchain, reducing dependence on central servers and increasing the decentralization of their applications.
EthStorage Storage Protocol
To address the cost issue of storing data on the blockchain, EthStorage developed a second layer storage protocol called EthStorage.
The protocol uses Proof of Random Access (PoRA) and zero-knowledge proof to significantly reduce storage overhead, while maintaining Ethereum's layer one security.
In this way, stored data can be accessed at a lower cost without compromising security.
Advantages of EthStorage for DAPPs
EthStorage offers several important advantages that can take DAPPs to the next level:
Guaranteed Security
By running all application components on the Ethereum blockchain, including the front-end and data storage, DAPPs can fully inherit the security of the Ethereum network.
Lower Storage Costs
The use of PoRA technology and zero-knowledge proof in EthStorage reduces data storage costs significantly, making it more affordable for developers (Chainstack).
Total Decentralization
With new standards and tools from the web3 protocol, developers can build truly decentralized applications, increasing trustlessness and reducing the risk of centralization.
EthStorage Implementation Conclusion and the Future of DAPPs
With EthStorage, the future of DAPPs looks even more promising with innovations that allow applications to function without a central point of failure, increasing their resilience and security.
Additionally, lower costs open up opportunities for more developers to build and implement decentralized solutions without worrying about high costs.
EthStorage not only brings a technical solution, but also drives a paradigm shift in the way we view decentralized applications. With this approach, DAPPs can truly implement the vision of blockchain technology, namely complete decentralization and maximum security.
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How to Buy Bitcoin (BTC) on Bittime
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Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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