Blockchain
By Steven Anderson
1 / 13
Ethereum Classic Labs (ETC) and Swarm Design Principles
2 / 13
Ethereum Classic Labs have partnered with the Swarm team. Since October 2019, Ethereum Classic Labs have been providing funding, project management, and development to…
3 / 13
The collaborative partnership between Ethereum Classic Labs and the Swarm Team started at Devcon. The Swarm decentralized storage network have launched its alpha network.
4 / 13
There is a detailed interview on the EVM61 Podcast with Viktor Tron, Team Lead of the Swarm Project with Steven Lohja of ETC Core.
5 / 13
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.
6 / 13
In the past, centralized storage companies rent out servers for storing data. People trust the company in the process of securing data.
7 / 13
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.
8 / 13
The blockchain ecosystem according to Wo is in need of multiple people working on it from different angles.
9 / 13
Sydney Ifergan, the Crypto Expert tweeted: “The future is about interoperability. Ethereum Classic Labs understand it fairly well.
10 / 13
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…
11 / 13
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.
12 / 13
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…
13 / 13
The design principles followed by Swarm are stability, scalability, security, and self-sustainability.
The Currency Analytics
Want the full story?