Based on a brand new report revealed by Singaporean enterprise capital agency Foresight Ventures, the price of decentralized file storage on blockchains reminiscent of Filecoin, Arweave, Swarm, StorJ and Sia at the moment ranges from close to zero to $4 per terabyte (TB) per 30 days. That is a lot decrease than conventional Web2 companies reminiscent of Amazon Cloud or Microsoft Azure, the place costs can vary from $16 to $23 per TB of month-to-month storage.
Nonetheless, the report additionally outlines different prices related to decentralized storage, reminiscent of knowledge add charges and retrieval charges, the latter of which might quantity to $7 per TB. Some service suppliers talked about within the report, reminiscent of Filecoin, solely had storage charges, which had been additionally fairly low, whereas others had all three kinds of the aforementioned charges.
As well as, analysts at Foresight wrote that blockchain storage nonetheless faces points reminiscent of “file loss,” “tough to retrieve knowledge” and “excessive bandwidth necessities.” Pointing to at least one blockchain, researchers commented:
“Worth doesn’t account for bandwidth. Some nodes solely present storage companies, refuse retrieval.”
Regardless of pricing controversies, knowledge from blockchain analytics agency Messari cited within the report present that the whole storage capability of the 4 largest file-storage blockchains elevated by 2% year-over-year to 17 million TB on the finish of 2022. Filecoin at the moment has the most important market share at 67%, adopted by Arweave (19%), Sia (8%) and Storj (6%). Whereas community utilization stays comparatively low, the metric amongst high gamers has since surged to three.1% in comparison with simply 0.2% in 2021.
On April 27, Filecoin rolled out the nv19 Lightening and nv20 Thunder community upgrades to enhance block validation occasions. As of April, the community has 22.7 million TB of storage capability and three,623 storage supplier methods.
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