It is estimated that the volume of data will increase from approximately 4.4 Zetabytes today to 44 Zetabytes in 2020.
This increase of data by a factor of 10x over a two year period, demonstrates the need for scalable data storage solution.
One such solution is Archicoin.
Archicoin is establishing a decentralised storage network using blockchain technology. Anyone who needs access to secure and affordable storage will be able to use the network.
Unlike with a traditional data storage solution, the storage is provided by users from all over the world connecting to the network.
These users will provide their unneeded extra data storage capacity. In return they will be able to earn revenue derived from fees from customers who need that storage space.
An Overview of how Archicoin Works
A user has a file that they want to store. They upload this file to the Archicoin network. It is then divided up into separate parts and each of those parts is encrypted. These encrypted parts are sent to peers on the network. In order to access the file the user needs to have a private key. Only the user who originally uploaded the file will have access to this key.
Key Facts About The Archicoin Token Sale
Archicoin is undergoing a token sale to raise funds for the development of the network. The key facts of this are as follows:
Token name: ARCHI
Presale Price: $0.001
ICO Price: $0.002
Minimum contribution: $30.00
Number of tokens distributed in presale: 700,000,000
Number of tokens distributed in ICO: 12,500,000,000
Accepted methods of payment: ETH, BTC & BCH
Archicoin website: https://archicoin.io/
Archicoin white paper: https://archicoin.blob.core.windows.net/document/archicoin-white-paper-en
Archicoin FAQ: https://archicoin.io/faq-en/
Archicoin Telegram: https://t.me/Archicoin_en
Archicoin Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2520331
Archicoin Twitter: https://twitter.com/Archiprogram