DÆTA price

DAETA

#3768

Launched in 2024, DÆTA is a decentralized cloud storage platform designed to address the key challenges of traditional, centralized cloud systems. By leveraging blockchain technology and a distributed network of storage nodes, DÆTA ensures data privacy, security and cost-efficiency while empowering individuals and businesses to take control of their digital assets.

Centralized cloud storage services, such as those offered by major providers, face several issues: -Data Privacy: Users relinquish control over their data, exposing it to potential misuse and breaches.

-Cybersecurity Risks: Centralized servers are prime targets for hackers, often leading to significant data breaches.

-High Costs: Centralized providers invest heavily in infrastructure, passing these costs onto customers.

-Monopolization: A few corporations dominate the market, limiting user choice and control.

DÆTA replaces centralized infrastructure with a distributed network of independent storage nodes. Data is encrypted, fragmented, and spread across multiple nodes, ensuring no single point of failure. This approach enhances security and privacy while reducing reliance on costly data centers.

Key Features: -Data Security: All files are encrypted client-side before being uploaded. Only the user holds the decryption keys, ensuring full data ownership.

-Redundancy and Reliability: Using advanced erasure coding, DÆTA stores data fragments across multiple nodes. Even if some nodes go offline, data remains accessible.

-Cost Efficiency: By utilizing underused storage resources, DÆTA offers competitive pricing compared to traditional cloud providers.

-Decentralization: No single entity controls the network, ensuring data integrity and freedom from monopolization.

-Sustainability: Small-scale storage providers reduce the environmental footprint compared to large data centers.

The DÆTA ecosystem is powered by $DAETA, the platform’s native token. It facilitates transactions between users (data renters) and storage node operators. Key token functions include: -Payments: Users pay for storage services in $DAETA tokens.

-Staking and Incentives: Node operators stake tokens as collateral and earn rewards for providing reliable services.

-Smart Contracts: File contracts on the blockchain enforce agreements between renters and storage providers, eliminating intermediaries.

Participants in the Ecosystem: -Users: Individuals and businesses seeking secure, decentralized storage solutions.

-Storage Nodes: Providers who lease unused storage space to the network, earning $DAETA tokens in return.

-Satellites: Distributed systems responsible for managing metadata, optimizing storage allocation, and ensuring data recovery when needed.

Use Cases: DÆTA is ideal for organizations and individuals who require secure, scalable, and cost-effective data storage. It’s particularly valuable in industries with strict privacy and compliance requirements, such as finance, healthcare, and legal services.