The traditional methods, which store everything in one location, do not compare favorably to the distributed file storage that is possible through the use of the internet. A significant portion of the information that is kept in the cloud is dependent on centralized servers and service providers, both of which are particularly vulnerable to being attacked and losing data. It’s also possible that consumers will have problems accessing some websites due to centralized systems’ decision to prohibit access to those websites.
Blockchain-based file storage solutions function in exactly the same way as traditional cloud storage solutions do from the user’s perspective. You have the ability to store, read, and share files. The action that is taking place in the background, though, is rather different.
When you upload a file to a blockchain store, it will immediately be replicated on all of the nodes in the network. There are scenarios in which every node will store a distinct portion of your file. They are limited in what they can accomplish with the incomplete data, but you can subsequently ask the nodes for each part so that you can piece it back together and acquire the complete file.
The individuals that are a part of the network contribute their available memory and bandwidth to the network. The majority of the time, these players receive monetary compensation for providing these resources, and they receive monetary punishment for violating the rules, failing to store and serve files, or both.
One analogy that comes to mind for this form of network is the cryptocurrency Bitcoin. In this particular instance, however, the primary objective of the network is not to assist people in sending money; rather, it is to assist individuals in storing files in a manner that cannot be censored.
Other open-source systems, like the InterPlanetary File System (IPFS), are already paving the way for this new, more permanent, and distributed Web. Even though the IPFS is a system and a peer-to-peer network, it is not exactly a blockchain. But it uses some of the ideas behind blockchain technology to make it safer and more efficient.