Solfate
A conversation with Frank, co-founder of GenesysGo and Shadow Drive, a decentralized storage platform on the Solana blockchain.
PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)
Summary
GenesysGo is a blockchain infrastructure project that is building the decentralized storage platform called Shadow Drive. The platform aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms. GenesysGo started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana. The team saw the opportunity to address the storage challenges faced by validators and built Shadow Drive to store Solana's ledger history. The platform has grown to have an average of 130,000 daily active users. Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers.
Shadow Drive achieves this by leveraging the collective power of the network, using people's home networks or mobile networks to process and store data. The platform also aims to decentralize revenues and distribute them to the operators of the network.
Shadow Drive V2 is designed to be more resource-efficient and capable of running on mobile phones. The network is built around data itself, allowing for blocks of arbitrary sizes and a leaderless structure. The platform aims to decentralize revenues by directly passing user fees to network operators, eliminating the need for a centralized entity. Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities, while focusing on its core mission of providing decentralized storage. The network operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.
Takeaways
- GenesysGo is building the decentralized storage platform called Shadow Drive, which aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms.
- The team started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana.
- Shadow Drive addresses the storage challenges faced by validators by storing Solana's ledger history. The platform has grown to have an average of 130,000 daily active users.
- Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers. Shadow Drive achieves this by leveraging the collective power of the network.
- The platform aims to decentralize revenues and distribute them to the operators of the network, providing a disruptive and cost-effective alternative to traditional storage providers. Shadow Drive V2 is a decentralized cloud storage platform built on the Solana network.
- The platform is designed to be resource-efficient and capable of running on mobile phones.
- It operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.
- Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities.
- The platform aims to decentralize revenues by directly passing user fees to network operators.
Find Frank online
- Follow Matty on twitter - @Frank_theTrader
- Follow GenesysGo on twitter - @GenesysGo
- shdwdrive's website - shdwdrive.com
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