April 5, 2021, 10:12AM EDT
• 11 min read

An overview of decentralized storage networks

Quick Take

  • 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.

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