What is defi storage

By long ·  

Defi storage, also known as decentralized storage or distributed storage, refers to a type of computer storage system that is decentralized and distributed across a network of computers, rather than being stored on a single central server or a group of servers controlled by a single entity. Defi storage systems use a network of participating nodes to store and manage data, and they rely on cryptography and consensus algorithms to ensure the security and integrity of the stored data.

Defi storage systems are designed to be highly resilient and resistant to tampering or censorship, and they are often used to store data that is sensitive or requires a high level of security. They can also be used to store data that is too large or expensive to store using traditional centralized storage systems. Defi storage systems are a key component of the decentralized finance (DeFi) ecosystem, and they are used to store a variety of data types, including financial transactions, smart contracts, and other blockchain-based data.

What is decentralized storage