EthStorage is a storage rollup built on Ethereum that enhances data storage capacity from terabytes to petabytes while reducing costs by over 1000 times. It utilizes a programmable large key-value store and proof of storage mechanisms to ensure high data availability and incentivize storage providers within a decentralized network.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DFounders
Product
Problem
Ethereum's on-chain storage is expensive and limited, making it impractical for applications requiring large data volumes. Traditional methods of storing data on Ethereum are cost-prohibitive, hindering the development of data-intensive decentralized applications.
Solution
EthStorage is a layer-2 storage solution designed to expand Ethereum's data storage capabilities while significantly reducing costs. It functions as a programmable key-value store with petabyte-scale capacity, enabling decentralized applications to store and retrieve large amounts of data efficiently. By utilizing proof-of-storage mechanisms and incentivizing storage providers, EthStorage ensures high data availability and redundancy within a decentralized network. This approach allows developers to build applications that were previously infeasible due to Ethereum's storage limitations.
Target Audience
The primary target audience includes developers building decentralized applications that require large-scale data storage, such as decentralized social networks, Web3 media platforms, composable NFTs, and long-term data availability solutions for rollups.
Features
- Programmable key-value store enabling smart contract-driven data management with petabyte capacity.
- Proof-of-storage mechanism using random sampling and dynamic data sharding to verify data retention and encourage re-replication.
- High replication guarantee incentivized by ETH-denominated storage fees, ensuring data redundancy in the layer-2 network.
- web3:// access protocol for decentralized access to dynamic web objects hosted on smart contracts and EthStorage.
- Proof of publication via data availability using KZG commitment and Reed-Solomon codes, enhancing data upload speeds.
- Ethereum compatibility, allowing developers to leverage existing tools like Metamask, Solidity, and Hardhat.