Protocols to reshape core elements of Internet infrastructure and application technology. We look forward to seeing the ecosystem evolve over time as these deliver, and we think they are one of the most interesting uses of blockchain teams bringing these technologies to market. Blockchain technology has created the first opportunity to rethink cloud Centralized servers containing valuable or sensitive information which are winner-take-all scenario. Network effects are minimal beyond a certain level of scale. Unused hardware is already a sunk cost for the majority of users, so there is no supply side that should result in lower costs. Moreover, storage suppliers will gravitate to the market with the highest prices. If demand exceeds supply in any of those distributed storage markets, prices will increase, causing suppliers to change to networks where they can earn more profit. Because these protocols are open and permission less, 3rd parties will build utilities that monitor costs and automatically shift suppliers between networks to maximize profits. This will have the effect of equalizing costs across networks through negative feedback cycles. Analogous tools are available today for mining. It's likely that prices will equalize across all these platforms over time. The less-popular protocols won't die off completely, but they will likely experience little price development.
As people continue to generate countless petabytes of data, the question is about Storage on a technical level and as an economic system by solving these major issues. Blockchain-based decentralized storage is cheaper, more secure, faster, censorship resistant, and much more dispersed than present cloud storage solutions. It leverages the fact that massive amounts of storage space sits unused on peoples hard drives around the world; creating a market for this allows people to monetize their spare storage space. The influx in distribution into the worldwide storage market will drive down storage prices. To do this in a secure, trustless, peer-to-peer style is the guarantee of the blockchain itself.
Targets for hackers, as we saw that the AFF hack, these systems are only as secure as the measures set up by the companies running them. Even the world's best and most funded tech teams cannot protect themselves. The fact that each of these companies actually takes custody of customer data means that there's always danger of theft. Information, to provide users' data to authorities or other law enforcement agencies, or even to sell customer data to advertisers. They are fundamental points of failure that are targets for nefarious actors and are inherently fragile. Earlier this year, for instance, a human mistake by a simple employee caused several prominent websites to temporarily go offline.
That it will come to own a significant share of the cloud storage market. Other protocols may offer improved services for particular use cases and will likely be competitive on price nor will they offer computation power. The inclusion of decentralized protocols into the cloud storage market will likely cause prices to fall; asset valuations in the space must take that into account. Other variables like token velocity, ease of use, and market timing and should also be considered. The decentralized cloud storage marketplace is unlikely to be a DXchain is currently the project most
likely to succeed, and we expect these companies also have broad jurisdiction to censor individuals or and data has become the world's most valuable resource.
Society is transitioning from the industrial age to the information age, we’re excited about the possibilities offered by decentralized cloud of where and how to keep it becomes increasingly significant. Migration from on-premise storage to cloud storage has been the major theme of this past decade, and the trend is accelerating. The huge players this market control so much, but this existing system leaves much to be desired. It's insecure, expensive, centralized, and involves placing a lot of trust in these big corporations.
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