GenesysGo is transforming decentralized storage with Shadow Drive, a fast, secure platform built on Solana, designed to rival traditional cloud solutions. And they are building it using mobile phones.
Full notes for this episode at: https://solfate.com/podcast/64
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Notes from the show
- GenesysGo is building the decentralized storage platform called Shadow Drive, which aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms.
- The team started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana.
- Shadow Drive addresses the storage challenges faced by validators by storing Solana's ledger history. The platform has grown to have an average of 130,000 daily active users.
- Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers. Shadow Drive achieves this by leveraging the collective power of the network.
- The platform aims to decentralize revenues and distribute them to the operators of the network, providing a disruptive and cost-effective alternative to traditional storage providers. Shadow Drive V2 is a decentralized cloud storage platform built on the Solana network.
- The platform is designed to be resource-efficient and capable of running on mobile phones.
- It operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.
- Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities.
- The platform aims to decentralize revenues by directly passing user fees to network operators.
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