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• TON Storage is a new file sharing and knowledge storage platform on the TON blockchain.
• An incentivised node ecosystem means customers can file and retailer knowledge for perpetuity.
• Users will utilise good contracts to pay nodes utilizing Toncoin, the native token on the TON blockchain.

The TON Foundation, the group behind the event of The Open Network (TON) blockchain, has launched a new decentralised file sharing and knowledge solution dubbed TON Storage.

TON Storage works just like obtainable peer-to-peer file sharing platforms the place “torrents” are used. However, it employs the TON blockchain to permit for the decentralised switch of knowledge and recordsdata of any dimension, casting off the necessity for customers to utilise centralised servers.

The storage system additionally means customers can take pleasure in robotically backed up and encrypted file sharing, with an added layer of safety offered by the blockchain.

Step in the direction of open web

According to Anatoly Makosov, a TON Foundation founding member, the official launch of TON Storage has been lengthy overdue.

“This technology can be used by both individual users and services with a multimillion-dollar audience,” he mentioned in a press release. TON Storage is a step in the direction of actualizing the imaginative and prescient of getting a decentralised, open web, he added.

As conventional torrents don’t supply assure of storage, however with TON Storage, that modifications. This is due to an incentivized ecosystem that enables for recordsdata to exist nearly ceaselessly. To obtain this, the new file sharing and knowledge storage know-how will deploy a wise contracts-based node system.

An settlement between a consumer and a node will see the consumer pay for file storage utilizing Toncoin – in essence making it attainable to retailer recordsdata for so long as attainable. Toncoin is the native cryptocurrency of the TON blockchain.

“Anyone can become a node operator on the TON network and receive payments from other users for hosting files – even if operating just one node. The accessibility of this new product will incentivise new, independent users to join the TON network, helping to grow the TON ecosystem even further,” TON Foundation group famous.