Swarm price

BZZ

#717

• Unstoppable features for unstoppable dApps: Privacy preservation, communication and redundancy are built in to ensure availability and continued data delivery even when individual nodes go offline. Any data, any device. On demand.

• Radical data ownership and management: Data is split up into small chunks that are stored throughout the network without vulnerable central hubs. Operators cannot know what content is stored on their nodes while still being paid for storing.

• Enabling zero-cost economics: No central party controls the data or can monetize it. Instead of relying on intermediaries to ensure the availability and integrity of data, all node operators participate in enabling a fair data economy.

Shifting the cost of access, hosting and execution to users removes the last obstacle to truly agile and adaptive application development to make web3 a reality.

BZZ is the Swarm Network’s native token. Users of the network’s services (i.e. bandwidth and storage) use it to compensate the providers, or node operators, for those services.

The token supply is fixed to 63,149,437 BZZ tokens.

The network is designed to incentivise constructive behaviour. Node operators that provide more bandwidth and storage while quickly delivering popular chunks (files uploaded to Swarm are divided into 4 KB chunks) will get more traffic and consequently more rewards. Therefore, operators compete in providing high-quality services, which then grows, secures and maintains the network.

Having a vibrant ecosystem on top of Swarm is key. The Swarm Network already has a budding ecosystem growing on top of it. From decentralised marketplaces, art, NFTs, archives, to data stores, music streaming and everything in between is sprouting on Swarm. The Swarm Foundation actively supports this growth through grants.

Today’s cloud is still based on the concept of standalone computers, where data is stored and managed centrally on servers of trusted institutions. With the introduction of the BZZ token, Swarm is providing a key component to drive the transformation of the cloud as we know it. By collaborating with the web3 community, Swarm aims to create an autonomous system for storing information, private and unstoppable, for a digital self-sovereign society.