Post
Topic
Board Development & Technical Discussion
Re: A useful PoW without replacing Nakamoto Consensus
by
kernel1983
on 31/10/2022, 14:49:40 UTC
I see a use-case here in backing up data.

The data can be archived and then compressed using .tar.xz, .7z, or something like that, and then split into smaller chunks, which can each be uploaded to some server individually which then embeds them into a large central storage rack (or data center(s)).

Everyone will always need to back up data periodically, and according to what you said, more storage = more security, so this is a perfect arrangement - users get their data backed up, and the chain becomes secure against 51% attackers (and ransomware).

In case a user wants to encrypt the data so that it's only visible to themselves, their client can simply derive an AES key from a password, similar to how Bitcoin Core does it, and use that to encrypt/decrypt each of the chunks. Losing the key is not a problem because as long as you still have access to the data, you can just make a new backup copy.

People will no longer have to pay for expensive stacks of disks or backup schemes, since the blockchains are immutable by design, and always accessible.

Web3 in action. Smiley

I want to press the 'Like' button. Ok anyway, you get my point.

You're trying to show the free storage but miners are still rewarded with Bitcoin. I'm not sure, but maybe it works.
I'm trying to show the free chain security but paid storage.
It is open to discuss. Both can use EcoPoW.