Article Summary, Automatically Generated By AI
About Swarm
Key Highlights
- Unstoppable features for unstoppable dApps
- Radical data ownership and management
- Enabling zero-cost economics
Tokenomics
- BZZ: Swarm Network’s native token
- Fixed token supply: 63,149,437 BZZ tokens
- Incentivizes constructive behavior among node operators
Ecosystem
- Vibrant ecosystem with decentralised marketplaces, art, NFTs, archives, and more
- Swarm Foundation supports ecosystem growth through grants
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About Swarm: A Decentralized Storage Revolution
Swarm exists to reclaim the internet’s decentralized roots.
Swarm’s long-term vision is to evolve into the operating system of a decentralized internet, furnishing a scalable and self-sustaining infrastructure that underpins a thriving supply-chain economy of data.
Salient Features
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Incorporating unparalleled features for unstoppable dApps: With built-in privacy preservation, seamless communication, and redundancy, our system ensures uninterrupted data availability and delivery, even in the event of individual node outages. Access any data, on any device, on demand.
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Revolutionizing data ownership and management: By fragmenting data into small, dispersed chunks, we eliminate vulnerable central hubs. Node operators remain oblivious to the content stored on their nodes, yet still receive compensation for their services.
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Fostering a zero-cost economy: Without a central authority controlling or monetizing data, our decentralized system empowers node operators to collectively enable a fair and equitable data economy, free from intermediaries.
Incorporating unparalleled features for unstoppable decentralized applications, our solution ensures unwavering data delivery and availability, even in the event of individual node failures. This is achieved through the seamless integration of privacy preservation, communication, and redundancy. The result is a truly resilient ecosystem, capable of supporting any data, on any device, and available on demand.
In a paradigm shift, radical data ownership and management are achieved through the fragmentation of data into minute chunks, which are then dispersed throughout the network, eliminating vulnerable central hubs. Notably, node operators remain oblivious to the content stored on their nodes, yet still receive compensation for their storage services.
Empowering a decentralized data economy: By eliminating central control and intermediaries, node operators collectively ensure the availability and integrity of data, fostering a fair and cost-free ecosystem.
By offloading the costs of access, hosting, and execution to users, the final hurdle to achieving genuinely agile and adaptive application development is eliminated, paving the way for a tangible web3 reality.
Economic Token Structure
BZZ is the native cryptocurrency of the Swarm Network, serving as the primary medium of exchange for users to compensate node operators for the provision of essential services, including bandwidth and storage.
The total token supply is capped at a fixed amount of 63,149,437 BZZ tokens, ensuring a stable and predictable circulating supply.
The network is meticulously designed to foster a culture of constructive behaviour. Node operators who provide ample bandwidth and storage, while efficiently delivering popular chunks (files uploaded to Swarm are divided into 4 KB chunks), will reap more traffic and, consequently, more substantial rewards. This, in turn, sparks a spirit of competition among operators, driving them to provide high-quality services that ultimately contribute to the network’s growth, security, and maintenance.
The Ecosystem Blueprint
At the heart of Swarm’s success lies a thriving ecosystem. The Swarm Network is already nurturing a burgeoning community, with a diverse array of innovative applications sprouting on its foundation. These include decentralized marketplaces, art platforms, NFT marketplaces, archives, data stores, music streaming services, and a multitude of other creative endeavors. The Swarm Foundation is actively fostering this growth through strategic grant allocations.
Today’s cloud infrastructure remains rooted in the traditional concept of standalone computers, where data is centrally stored and managed on servers operated by trusted institutions. However, with the introduction of the BZZ token, Swarm is poised to revolutionize the cloud as we know it. Through collaboration with the web3 community, Swarm envisions the creation of an autonomous, decentralized system for storing information, ensuring unparalleled privacy and unstoppable data sovereignty, ultimately paving the way for a digital self-sovereign society.