Sharder is essentially a network — a distributed storage network and a validation network. Unlike other decentralized storage solutions available in the market, Sharder isn’t just targeting the ‘storage’ aspect of it but also the ‘validation’ to prevent document fraud, fraudulent reports, and falsified records.
In the last six months of 2019 alone, more than 4.1 billion records were exposed in several data breaches worldwide in various cybercrime attacks. According to Juniper Research, cybercrime attacks cost businesses over $2 trillion in total in 2019. That’s a HUGE loss!
How does it work?
Sharder is targeting both the storage of data and the protection of data to build a more sophisticated and secure storage infrastructure in the decentralized space. In the Sharder network, no third party can access or control your data, which is achieved by a combination of encryption, data sharding, distributed storage, and multiple backups.
Let’s go through each one of them to see how the whole system is put together:
Encryption — Before the data is uploaded onto the network, it is fully encrypted, and no raw form of unencrypted data is uploaded.
Data Sharding — Once the data is encrypted, it is divided into small fragments known as ‘shards’.
Distributed Storage — These encrypted data shards are then distributed to different nodes across the global network
Multiple Backups — The same encrypted shards are kept on different nodes for backup to ensure higher levels of data availability.
In a centralized storage solution, a hacker can get access to just one server and compromise your data. In Sharder’s Network, a hacker would have to go through multiple nodes, in various countries, and break the encryption of the data shards, all at the same time.
Hardware Products and Dual Mining
Like any other decentralized storage network, Sharder has an economic model where users can share their storage space for Sharder tokens. But here is a twist, Sharder has developed their own set of hardware products to facilitate network participants and increase their revenue at the same time.
These hardware products are called ‘Sharder Hub’ and ‘Sharder Box’. The fascinating thing about Sharder Box is dual mining, which means that they can be programmed to mine other POC, DPOS, POS coins, and tokens while simultaneously storing data and mining for Sharder tokens.
The Sharder Protocol is a key element to Sharder Network that comes with the following capabilities:
Cross Chain — Sharder protocol isn’t just limited to the Sharder Network, but it can be deployed on many public chains and other decentralized storage protocols like IPFS.
DApp Development — Sharder protocol supports DApp development on top of it, which makes is different from other solutions that are just focused on ‘storage.’
Island — Blockchain storage app built on Sharder
Island is a blockchain-based storage DApp deployed on the Sharder Network. It is built to store your most sensitive photos, videos, and documents without using your internal phone memory.
Instead of using your phone memory, all the data is encrypted, divided into shards, and uploaded on different nodes across the globe. Once all the data is uploaded, it is not present on the user’s phone but on different nodes on the Sharder network in encrypted fragments.
The data can be easily downloaded once you request access, just like with any other cloud storage solution available in the market today. With Sharder Network, Island aims to become the most secure blockchain-based storage app. Not only that, Island app is super affordable, as their plans start from just $1 with a 2GB of blockchain storage.
Sharder is a complete decentralized storage package in the market because it focuses not only on the storage but also on the validation and encryption. With its sharding mechanism and a global network of distributed nodes, Sharder has joined the bandwagon of serious players in the decentralized cloud storage industry.
Compared to other decentralized storage protocols, Sharder is much more diverse. It provides the ability to build DApps right on top of its network, and we are already seeing apps like Island that offer a practical solution.
The hardware products with dual mining capabilities is a cherry on top for the power users where they can not only generate revenue by Sharder tokens, but mint other coins and tokens at the same time.