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Swarm (BZZ)

IEO

Swarm is a decentralised storage and communication system for a sovereign digital society.

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Overview

Project industryBig Data & Data Storage
Product typeTechnology

What is Swarm

Information is the shared experience of humanity. The base layer of all social constructs. Today, most of the information and data that builds our digital society is privately controlled by a handful of players.

The world needs a system designed to store information in a decentralized way, a self-sustaining infrastructure that will emerge as the backbone of the next web, empowering digital freedom. A system to make Ethereum’s vision, the world computer, a reality.

Swarm’s mission is to become that system.

Swarm is a system of peer-to-peer networked nodes that create a decentralized storage and communication service. The system is economically self-sustaining thanks to a built-in incentive system enforced through smart contracts on the Ethereum blockchain.

The architecture makes the system resilient to connectivity issues, node churn, or targeted DDOS attacks, and enables a zero-downtime service.

Persistent Technology — Swarm data is readily accessible due to cross-node replication and erasure coding. Specifically, data is divided into “chunks” and redundantly stored throughout the network. This redundancy provides continued data delivery when nodes go offline.

Data Sovereignty — All node operators participate in a fair data economy in which no central party controls or monetizes data. Instead, users own their data while node operators ensure the availability and integrity of this data.

Aligned Economics — Users pay for storage and communication on their own terms, rather than having their data sold to cover costs. On the other hand, node operators are motivated by BZZ tokens to run and maintain network nodes.

Legal

Blockchain Platform: Ethereum
Country limitations: United States, China, and Canada

Token info

Ticker: BZZ
Token price in USD: 1 BZZ =1.92 USD
Accepted currencies: USDT, USDC, ETH, BTC

Social media

Swarm web-siteSwarm RedditSwarm MediumSwarmYouTubeSwarm TwitterSwarm DiscordSwarm Github

User rating:

5/5 ( 1 )
3

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