April 5, 2021, 10:12AM EDT
• 11 min read
An overview of decentralized storage networks
- Decentralized storage networks have the potential to expand existing blockchains’ capabilities.
- Incentive mechanisms are the main component of decentralized storage networks.
- At the moment, Filecoin is experiencing an excess supply, which is why storage miners store useless files.
- Arweave offers permanent storage thanks to its innovative incentive system.