An Extensive Study of Decentralized Storage Networks Driven by Blockchain
Shweta Babu Prasad, Ashok Kumar A R, Rajini V Honnungar · Soft Computing Research Society eBooks · 2024
The concept of blockchains, a novel method for building distributed networks, was first introduced in 2008. Allowing users to send their files safely over a decentralized network with end-to-end encryption eliminates the risk of data loss associated with centralized data control. A security, integrity, and privacy flaw needs to be fixed even though numerous studies in this particular field have focused mostly on storage capacity and efficiency. This paper first provides an overview of blockchain-based storage systems and explain show they operate. It then compares these systems to cloud-based storage networks and surveys the different decentralized storage networks that are currently on the market, including SIA, File coin, and Storj. The benefits and drawbacks of blockchain-based storage are then covered. In conclusion, we look at the security issues with decentralized storage networks and consider future research directions and possible fixes.