Blockchain technology’s biggest advantage, undoubtedly, is its decentralization. Without the need to rely on a single point of data storage, it not only ensures there are hundreds and thousands of backups, but since complex algorithms must be used to add data, the chances of manipulation are near to impossible since other unaffected ledger data will conflict and the unverified data will be purged.
Large Data Limitation
Data storage within the blockchain architecture is very small. Geared towards making data accessibility fast and light, the small block sizes mean large data will make the network very slow. Many different technologies are being developed and some are even in the testing phase, such as the lightning network, which will keep the data offline and only synchronize when a user queries or an addition is to be made.
This enables big file storage easy on the network. Yet, these are not without their own limitations. An offline storage means that hackers have a higher chance of accessing the data and changing it. Since the data is off chain, it can be centralized, breaking the fundamental rule of blockchain’s ability to remain neutral and free.
There are some blockchain platforms designed to overcome these issues and keep heavy data as much decentralized as the technology itself, without major impact on the speed and accuracy of accessed data, such as Filecoin and Sia. But these platforms are oriented towards very precise and fine-tuned, structured and area specific data. When it comes to having storage and accessibility of a global database which can contain multiple types of data concerning different industries, personal and organizational information, these projects become inefficient and latency time increases, slowing down the network.
Fluence, Data Storage of All Kind
Fluence is a decentralized platform that is designed to ensure that efficiency, accuracy, security and speed of data query remains unaffected within a blockchain network by creating a decentralized database that runs on trustless nodes. The platform achieves higher levels of data management by employing the following:
- Kademlia: Using an industry-specific protocol, dubbed Kademlia, clients and hosts can locate, contact and communicate over a highly encrypted channel, making eavesdropping and illegal access of data or communication impossible. New nodes who join the network only require to have access to selected seed nodes and can pull up information about the other nodes so as to join the network easily. Nodes are further then grouped into clusters, allowing them to develop higher-level structures and increase the data communication speed.
- Merkle Tree: Using an advanced end to end encryption called the Merkle Tree, data disclosure to unauthorized people is made impossible. Since complete data is not stored on one node or replicated across the cluster, this is increasingly important as any malicious individual or organization can take advantage of it. When accessing data, a client will need to query multiple nodes within the cluster and the chances of manipulation of one node means the whole cluster being compromised. Merkle Tree makes sure this downs not happen.
- Blockchain As A Master Ledger: Fluence primarily works independently of the blockchain system it deploys. The only usage of the chain is to store important information such as contracts, cluster information, and reward distribution. This means that it is blockchain agnostic. There is no load created on the network and thus achieves higher levels of speed, number of transactions and clients active on the chain.
Data Storing on Fluence
When a user on the network wants to store data, he or she must first create a contract, specifying the terms involved, such as the volume, type of data and how much is the client willing to pay for the storage rent. If a node finds the contract acceptable, it can respond with an approval of the contract terms.
The client then needs to have enough nodes accepting the terms so that the data storage and security is reliable through decentralization. Once this is done, the client adds information about all the nodes within the contract body, allowing blockchain to know where the data will be stored. With this information entered, the contract can be finally executed, signed by the user’s private key to ensure security.
Fluence In Finland
The platform organized the largest blockchain event in Finland last June that saw over a hundred participants gathering from more than twenty countries. Evgeny Ponomarev, CEO of Fluence said in the gathering “We strongly believe that Fluence and its technology has the ability to change the face of the internet, bringing with it increased security and protection from data hacks. With all of the news stories out there recently about sensitive leaks, it’s imperative to utilize blockchain technology to create a secure and decentralized Web 4.0.”
The platform will, truly, make data storage decentralized with all the speed and accuracy of traditional cloud storage.
Visit the website for more information: https://fluence.one/
