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This is what Web3 is supposed to be. "Want to store some data? Just pay the market rate for data storage!" Of course they chose the most expensive and unwieldy
by meetups323 5y ago
This is what Web3 is supposed to be. "Want to store some data? Just pay the market rate for data storage!" Of course they chose the most expensive and unwieldy data storage mechanism imaginable.
Inb4 "but X chain is so cheap!", all chains are cheap until they're popular. Make a chain that gets faster&cheaper to commit on as the amount of compute on it increases (as you would expect... pretty much any CS thing to work) and you've solved web3. Oh but then the asset is inherently inflationary and people care more about getting in on the next big hockey stick than sound financial instruments. So... there you have it.
- thebean11 5y agoThe blockchains you are thinking of were never meant to be data storage layers. The proof-of-storage chains (at least, the ones that store "real" data) are much more reasonable, check out prices for storage on FileCoin. The distinction here is that nodes publish proof that they have data stored on chain, rather than publishing the data itself on chain.
- meetups323 5y agoYep, proof of storage is the only way forward as far as I'm concerned. At least of the currently available options. But they aren't great for representing a ledger. Some sort of hybrid is needed.