The Crypto Show

Ethereum's New Data Economy: Centralized and Distributed Approaches to Data Preservation (Part 4)


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Centralized services like Etherscan provide valuable historical and state data, ensuring easy accessibility for users and projects. They act as a reliable repository, contributing to data preservation within the transient nature of the blockchain. On the other hand, distributed systems like IPFS leverage peer-to-peer sharing to incentivize data preservation. Redundancy and rewards for hosting data across multiple nodes ensure long-term availability, reducing reliance on a single point of failure and enhancing resilience. The Portal Network and The Graph exemplify decentralized data preservation projects. The Portal Network's peer-to-peer system allows users to access historical data without relying on a central authority, promoting resilience. The Graph's governance model aligns incentives with participants, creating a sustainable and reliable preservation ecosystem. Both centralized and distributed approaches have their advantages, and understanding their roles is essential for maintaining a robust, censorship-resistant blockchain ecosystem.

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The Crypto ShowBy Steven Thomas