Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Xuma - Decentralized database | Masternode | Smart Contract | No ICO
by
mhannigan
on 04/04/2018, 20:50:08 UTC
Quote from: vabchgent on April 02, 2018, 10:31:27 AM
Quote from: despeboy on March 29, 2018, 02:26:27 AM
Quote from: vabchgent on March 27, 2018, 12:36:34 PM
Correct me if I am wrong, but there are several projects offering what you are going to offer. Storj and others for the data storage aspect. And if an Ethereum based project seeks for data storage, they can integrate with projects like Storj.

Wait for the whitepaper if you want Wink

What other option do I have? Starting a discussion thread without a white paper automatically leads to a lot of questions...

But the Ethereum blockchain doesn't have a built-in database ability.  You said it - they can integrate with third-party projects if they want.  Storj and projects like it are as poorly conceived and executed as any projects I've seen.  More than MN coins, in fact, most ETH tokens aren't about utility, they are about $$.  Furthermore, Storj isn't a database.  It's a token based on storage utility and it's clumsy - just as the other token-based solutions.  Having a decentralized database built into the infrastructure addresses needs that an Ethereum token can't.