Ok Google…Which are the top Decentralized applications in today’s market?
Google: Here’s the result-
Top emerging decentralization companies in today’s market
Data is growing at an incredibly rapid rate that storing all of it is becoming more and more difficult. Thankfully, there are many decentralized data storage apps that are revolutionizing the way we store data. Let's take a look at the top five to help you decide which one would suit your needs best.
Storj has been around since 2014 and is slowly making waves in the decentralized storage market. It's actually well worth your time to check out what they offer, as their earning potential grows with time! Storj uses blockchain technology to compensate miners for their work who then provide space for free on the company's decentralized network of peer-to-peer hard drives. It's estimated that the company could be worth as much as $400 million by 2025, and it's currently valued at $220 million. The reliability and security of Storj is already making it a leader in the data storage app marketplace, and if you're willing to invest your time here, your future may look bright.
MaidSafe is a social networking platform that’s focused on putting users in control of their own information. It uses Namecoin .bit domain names to form secure connections between users who are interested in files within the SAFE network. Anyone can contribute storage space or computer processing power to create a network of nodes which are used for storing information across its decentralized network of hard drives. The SAFE network is made up of websites, apps and programs all working in unison to create a platform that keeps data secure and decentralized. This app has plenty of critics, but it’s worth your time to explore the functionalities of MaidSafe. There are many ways to contribute if you want to get involved, so check out their website for more details on how you can contribute.
Filecoin is a decentralized storage network that focuses on making the process of storing data easier and cheaper than traditional methods. It’s built on top of the Ethereum blockchain network, which means that it relies on smart contracts for all transactions. Users will be able to store data in a secure manner, and can be rewarded financially for sharing their unused storage space. Users who need to purchase storage space can do so by buying Filecoin coins. The coins are used for paying miners who offer storage drive space on their hard drives. The company’s ICO was held in August 2017, which valued the company at $257 million USD.
This app provides storage for files and information in a safe and secure manner. It's an open source network, but it's also known as the "Swiss Army Knife of storage." Users are able to store their data on the decentralized network of hard drives by choosing one of these three specific types of drives: magnetic, SSD or RAID. There are many different ways to use the app, so be sure to check out their website for more details.
This app is based on the Ethereum blockchain network, so it makes use of smart contracts for all transactions. The company allows users to purchase storage space on its decentralized network of hard drives, and then they can sell that space to others when they’re not using it. The Dfinity platform is still in development right now, but the beta version is already available. If you’re willing to invest your time in this new app, be sure to check it out!
And there you have it! These are the top five decentralized storage apps out there today. It's always a good idea to invest time and energy in these kinds of projects, as they're paving the way for new and better things with Blockchain technology down the road. If you'd like to learn more about these apps or explore their websites, feel free to browse around this article.