• TON Storage is a brand new file sharing and information storage platform on the TON blockchain.
• An incentivised node ecosystem means customers can file and retailer information for perpetuity.
• Customers will utilise sensible contracts to pay nodes utilizing Toncoin, the native token on the TON blockchain.

The TON Basis, the group behind the event of The Open Community (TON) blockchain, has launched a brand new decentralised file sharing and information resolution dubbed TON Storage.

TON Storage works much like obtainable peer-to-peer file sharing platforms the place “torrents” are used. Nonetheless, it employs the TON blockchain to permit for the decentralised switch of knowledge and information of any measurement, eliminating the necessity for customers to utilise centralised servers.

The storage system additionally means customers can get pleasure from mechanically backed up and encrypted file sharing, with an added layer of safety offered by the blockchain.

Step in direction of open web

In accordance with Anatoly Makosov, a TON Basis founding member, the official launch of TON Storage has been lengthy overdue.

“This expertise can be utilized by each particular person customers and providers with a multimillion-dollar viewers,” he mentioned in an announcement. TON Storage is a step in direction of actualizing the imaginative and prescient of getting a decentralised, open web, he added.

As conventional torrents don’t supply assure of storage, however with TON Storage, that modifications. That is due to an incentivized ecosystem that permits for information to exist just about eternally. To realize this, the brand new file sharing and information storage expertise will deploy a wise contracts-based node system.

An settlement between a person and a node will see the person pay for file storage utilizing Toncoin – in essence making it doable to retailer information for so long as doable. Toncoin is the native cryptocurrency of the TON blockchain.

“Anybody can grow to be a node operator on the TON community and obtain funds from different customers for internet hosting information – even when working only one node. The accessibility of this new product will incentivise new, impartial customers to hitch the TON community, serving to to develop the TON ecosystem even additional,” TON Basis group famous.