cover of episode Decentralized Cloud Storage on the Solana Network: Introducing Shadow Drive V2

Decentralized Cloud Storage on the Solana Network: Introducing Shadow Drive V2

2024/10/22
logo of podcast Solfate Podcast - Interviews with blockchain founders/builders on Solana

Solfate Podcast - Interviews with blockchain founders/builders on Solana

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Shownotes Transcript

GenesysGo is transforming decentralized storage with Shadow Drive, a fast, secure platform built on Solana, designed to rival traditional cloud solutions. And they are building it using mobile phones.

Full notes for this episode at: https://solfate.com/podcast/64)Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod)

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Notes from the show

  • GenesysGo is building the decentralized storage platform called Shadow Drive, which aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms.
  • The team started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana.
  • Shadow Drive addresses the storage challenges faced by validators by storing Solana's ledger history. The platform has grown to have an average of 130,000 daily active users.
  • Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers. Shadow Drive achieves this by leveraging the collective power of the network.
  • The platform aims to decentralize revenues and distribute them to the operators of the network, providing a disruptive and cost-effective alternative to traditional storage providers. Shadow Drive V2 is a decentralized cloud storage platform built on the Solana network.
  • The platform is designed to be resource-efficient and capable of running on mobile phones.
  • It operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.
  • Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities.
  • The platform aims to decentralize revenues by directly passing user fees to network operators.

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