The Currency Analytics
By Steven Anderson
Ethereum Classic Labs (ETC) and Swarm Design Principles
Ethereum Classic Labs have partnered with the Swarm team. Since October 2019, Ethereum Classic Labs have been providing funding, project management, and development to…
The collaborative partnership between Ethereum Classic Labs and the Swarm Team started at Devcon. The Swarm decentralized storage network have launched its alpha network.
There is a detailed interview on the EVM61 Podcast with Viktor Tron, Team Lead of the Swarm Project with Steven Lohja of ETC Core.
The important growing pains in the blockchain industry is related to data-storage. The data storage issue should be solved to disrupt any real-world industry.
In the past, centralized storage companies rent out servers for storing data. People trust the company in the process of securing data.
James Wo, Founder and Chairman of ETC Labs expressed that Swarm deals with universal challenges in the blockchain technology with a focus on storage and storage specific solutions.
The blockchain ecosystem according to Wo is in need of multiple people working on it from different angles.
Sydney Ifergan, the Crypto Expert tweeted: “The future is about interoperability. Ethereum Classic Labs understand it fairly well.
In traditional blockchain storage, when a file is uploaded, it is submitted as a transaction, and provided with a unique hash, but in Swarm: “This data is stored on individual…
Further, Swarm is built with interoperability with Ethereum-based blockchain in mind, and therefore will be having an incentive mechanism to provide for economic feasibility.
Economic incentives are very important in a decentralized ecosystem. While Swarm took to ambitious goals of solving problems related to decentralized storage, they are providing…
The design principles followed by Swarm are stability, scalability, security, and self-sustainability.