The TON Foundation, created by the founders of Telegram Messenger, is now launching a project called The Open Network Storage to solve large-scale data storage problems after the The Open Network project.
About TON Storage
The Open Network Storage is implemented by the The Open Network Foundation, who are also the executives of the proof-of-stake blockchain TON, designed by the founders of Telegram Messenger. The project aims to solve large-scale data storage problems. The new project aims to provide users with the ability to exchange files, regardless of size. There will also be some financial incentives for users to store data. The Open Network Storage developers said:
“Anyone can become a node operator on the open network and receive payments from other users for hosting files – even if operating just one node. The accessibility of this new product will incentivize new, independent users to join the TON network, helping to grow the The Open Network ecosystem even further.”
Ton Storage uses the TON blockchain for file exchanges and works as a peer-to-peer. There is no need for any web server for the file distribution process. The Open network Storage supports peer-to-peer file sharing, allowing users to securely exchange files of any size. In addition, all data is backed up and encrypted during file sharing.
There is no guarantee of data storage in traditional torrents. This indicates that the data cannot be stored for a long time. The Open Network Storage attributes this problem to the lack of an incentive for data storage, offering node operators incentives to users to encourage data storage.
About The Open Network
The Open Network is a completely decentralized proof-of-stake Layer1 blockchain created by Telegram. The The Open Network blockchain promises users fast transactions, small fees and easy-to-use applications. Plus, The Open Network is fast, secure, scalable, and environmentally friendly.
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