Storchain

WEB3 DECENTRALIZED STORAGE WITH SUPERIOR PERFORMANCE BLOCKCHAIN

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Become part of the next generation blockchain designed to be self-sufficient & market-aware

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Storchain IN ACTION

Bring it to life on Storchain

WHAT WE DO

Storchain Economic Superiority

Storchain Foundation facilitates a collaborative approach to network security for the Storchain network. This includes monitoring and network-wide responders, spanning multiple organizations and projects, to facilitate 24/7 monitoring of the chain across time zones—setting the ecosystem apart in fostering a secure and resilient network.

Highly Scalable

Storchain combines scalability of up 4,000 transactions per second with the convenience of a 2 second block time — enabling real-time interactions with decentralized applications of the ecosystem.

Instant Finality No Reorgs No Forks

Transactions on Storchain are protected by the instant finality feature, eliminating risks from chain reorgs or forks, which on many other networks can invalidate previously confirmed transactions.

ETH Compatible

Smooth user experience thanks to Storchain protocol-level compatibility with Ethereum. Continue to use your Ethereum wallet address on the Storchain with your existing private key! Port your DAPPs with ease.

High Nakamoto Coefficient

Achieving high performance and security without sacrificing decentralization, made possible by the unique exponentiated staking weight distribution. Giving disproportionate power to small stakers!

STORCHAIN SVM INTRODUCTION

Storchain Virtual Machine

The SVM unlocks boundless possibilities, ranging from dataDAOs, to perpetual storage, to financial services for storage providers (e.g. collateral lending, liquid staking, insurance protocols), to decentralized compute and Layer 2 networks (such as reputation systems, and incentive-aligned content delivery networks, and more. Bring your project to SVM and build alongside a large cohort of builders, with supporting business and technical resources, to deploy the first batch of value-generating applications to the Storchain mainnet!

WHAT DOES STORCHAIN UNLOCK

Democracy Meets Innovation

The Storchain is integrated DAO into the core of the protocol and allows participate in the governance process, with storchain actors, the responsibility of ensuring liveness of valuable data is can be shared collectively. Permissionless code running autonomously on-chain can guarantee the continuation and renewal of storage, with no risk of modification or alteration of the underlying datasets thanks to content-addressing. Storchain funding mechanisms & decision-making can be coupled with Data DAOs & Staking Protocols to enable pay-once-store-forever mechanics.

Replication workers

The opportunity

Clients want their data to be replicated across the network to maximize the chances it will survive in the event of storage provider failures. To achieve that today, clients have to execute N deals with storage providers, transferring the data N times. This is a cumbersome and resource-intensive task for a client to perform in order to obtain redundancy.

The potential

Replication workers solve this problem by charging a small fee to act as a mediator, by saving the client the time and overhead of negotiating multiple deals. Instead, the replication worker can automaticaly copy the Storchain deal N times across the network in accordance with the user-defined policy based on number of replicas, region selection, latency, price, etc. (potentially using L2 reputation systems to decide where to place the data!)

New storage market primitives

The opportunity

To store data in the Storchain network today, clients must find a suitable storage provider and perform a deal with them. This model is simple but rather inflexible.

The potential

Together with some protocol refactors, the SVM will enable creating new market primitives and protocols, such as:

storage bounties, where storage providers compete to win deals, bringing the price down for clients. full-sector auctions, where clients get a discount for purchasing and occupying entire sectors. volume discounts, where the price is further reduced for purchasing multiple sectors at once. sector rebates, where the provider refunds the client (who could be a Data DAO!) once they purchase N sectors over a specific period of time.

Storage derivatives

The opportunity

The dynamic nature of decentralized storage costs poses planning challenges for both storage clients and providers. Data producers (clients) sometimes need to store data in the future for a predefined period of time and will want to budget in costs now (e.g. a Metaverse artist who knows they will need to store 1 TB of digital assets by the end of December 2024).

Similarly, storage providers may want to determine how much to spend on hardware based on their predicted earnings. Providing a way to smooth predictability of future costs and returns may bring stability to this market and reduce risk.

The potential

By enabling providers to offer the equivalent of physically-settled options over storage, users could "pre-buy" a chunk of storage space at a specific price today, a data producer will be able to predict their costs over a given period of time. Conversely, by enabling a storage provider to bid on delivering a block of storage in the future, they can secure demand upfront in order to efficiently manage inventory, hardware, operations, and financials.

Decentralized compute

The opportunity

Storchain and IPFS distribute content-addressed datasets across storage providers around the world to increase data redundancy and resiliency.
Such globally distributed data brings significant cost, availability, and reliability advantages, but can also mean that parts of a single dataset may end up stored geographically far away from one another. Executing computation jobs or data pipelines on globally distributed data is challenging.

The potential

Regrouping highly distributed data into a central location to compute over it is expensive, underperformant, and, wasteful. Instead, pushing compute to the edges and coordinating its execution is a brand new possibility with SVM actors.
SVM actors can broker computational resources, incentivize compute execution, distribute workloads across available storage providers, and prove the validity of the computation's result in order to claim rewards. Storage providers could enroll in compute networks through an SVM actor. Compute clients would post jobs to the actor. A mechanism would assign jobs to providers, and once executed, the provider would post a proof to claim rewards.

HOLD YOUR FUTURE NOW

The Future of Storchain Ecosystem

Dec 2023

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Milestone 0: Storchain Research canaries with SVN support

The reference SVN implementation has been integrated into a fork of Storchain (the Storchain reference client). A fleet of Storchain nodes have been launched on mainnet, running WASM-compiled built-in actors on the SVN .

Mar 2024

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Milestone 1: Introduction of non-programmable WASM-based SVN

Mainnet will atomically switch from the current legacy VMs to the WASM-based reference SVN . A new gas model will be activated that accounts for actual WASM execution costs. Only Rust built-in actors will be supported at this time.

June 2024

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Milestone 2: Ability to deploy EVM contracts to mainnet (SVM)

The Storchain network will become user-programmable for the first time. Developers will be able to deploy smart contracts written in Solidity, and compiled to SVM. Smart contracts will be able to access Storchain functionality by invoking built-in actors. Existing Ethereum tooling will be compatible with Storchain.

Aug 2024

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SVM goes live on mainnet

The Storchain VM runtime is deployed on Storchain mainnet via the Storchain nv18 Hygge upgrade.

Sep 2024

Runtime foundations

Foundational SVM changes that will improve overall safety and security to unblock SVM WASM runtimes and WASM actors on mainnet

Dec 2024

Customisable SVM

SVM will become less coupled with Storchain. This will be a first step to make it configurable as a generic runtime.

Jan 2025

Milestone 3: Ability to deploy Wasm actors to mainnet

Developers will be able to deploy custom smart contracts written in Rust, AssemblyScript, or Go, and compiled to WASM bytecode. SDKs, tutorials, and other developer materials will be generally available. This milestone requires a network upgrade.

O2 2025

Milestone 3+: Further incremental protocol refactors to enhance programmability

A series of additional incremental protocol upgrades (besides nv17) to move system functionality from privileged space to user space. The result will be a lighter and less opinionated base Storchain protocol, where storage markets, deal-making, incentives, etc. are extensible, modular, and highly customizable through user-deployed actors. Enhanced programming features such as user-provided cron, async call patterns, and more will start to be developed at this stage.

WHAT WE DO

Storchain Focus Areas

Governance?

Storchain Foundation facilitates community-led, transparent governance of the Storchain protocol, aligning with open-source principles.

Research & Development

Storchain Foundation funds research and development projects that build on top of the Storchain network and related decentralized technologies.

Community & Ecosystem Growth

Storchain Foundation hosts, sponsors, and supports events around the world, bringing new builders, clients, and storage providers into the Storchain ecosystem.

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