How would you prove having storage?
Seems it would use a lot of bandwidth or computation when calculating hashes.
Seems it would use a lot of bandwidth or computation when calculating hashes.
I was thinking something like write a bunch of random numbers to disk, and prove that you have the ability to retrieve any of them at will.
This is obviously not a complete solution. I was asking if anyone knew of any such system.
A positive, not negative, feature of the system is you must be able to rewrite all the storage each time. So the faster your can write the more blocks you win, but also the more storage you have the more blocks you win (and it's a tradeoff between them).
It's an interesting idea.
The result so far has been really potent. On the Sia network today, raw storage (pre-redundancy) costs about $0.30 per TB. Performed intelligently, you only need about 2x redundancy, putting the total cost at less than 1/10th of Amazon glacier.
I project that as the network grows, demand will catch up to supply more and the price will settle closer to $2 / TB / Mo for raw storage.
I can answer any questions.