TON Foundation introduces a decentralized data storage ecosystem

The project is a peer-to-peer file sharing system on the TON blockchain

05.01.2023 - 15:40

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TON Foundation, the proof-of-stake blockchain conceived by Telegram Messenger founders, is starting a data storage ecosystem called TON Storage.

The project aims to enable users to exchange files of any size while providing financial incentives to node operators to host files for users, TON Foundation said in a statement to CoinDesk.

“A node operator and a user create a smart contract on the TON blockchain that guarantees that the user will pay a fixed amount in Toncoin to store files for a predetermined amount of time,” the statement said. This will ensure users are able to store data “virtually in perpetuity,” the statement added.

A node is one of the computers that run the blockchain’s software to validate and store the complete history of transactions on the network.

This material is taken from the website coindesk.com.

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