@cyber45rogue
The "decentralized cloud storage" sector has gained momentum recently, positioning itself as a competitor to traditional cloud storage like Amazon S3. Unlike centralized systems, which rely on single-entity control and are prone to data breaches and downtime, decentralized solutions like Filecoin and Arweave offer distributed networks, enhancing security, privacy, and resilience. They also promise cost efficiencies—studies suggest savings of 70-99% over traditional providers—driven by peer-to-peer resource sharing.
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