What is Swarm and how its storage incentives work - Swarm explained

what is swarm swarm is a decentralized data storage technology it is a Global Network of nodes called bees that store and serve data to power among other things applications that will run as they are programmed respectants once chosen privacy and ownership swarm is meant to be permissionless today when you produce data or store your information online you enter into an agreement with a hosting provider in contrast in swarm as in Bitcoin or ethereum peer-to-peer appear to protocol relationships the agreement is with the network enforcing the lifetime of your content but how does it do that the content that it's uploaded is immediately and automatically fragmented into tiny pieces called chunks that are then copied multiple times and Scattered across the network but how can it ensure that the data will be available at some point in the future well Storm addresses this question through storage incentives for the notes part of the network similarly to an envelope with a letter inside pushed its stamps represent the storage fee attached to each chunk to incentivize notes to store the content for a certain period of time the storage fees from the entire network are collected into a reward pot at regular intervals what is called a shelling game system is introduced to redistribute this reward in a fair way to a single node or B depending on the amount at stake by each node its chances of getting rewarded increase once it is selected it has proven that the content it stores is relevant and it is safe the node can claim the reward for a maximum of decentralization nodes can run on standard computers store encrypted chunks of data and support All Digital Services while participating in the reward system all you need is about 20 gigabytes of storage space and a stable network connection join swarm to extend the blockchain to web 3 and deliver the promises of decentralized marketplace decentralized messaging decentralizes streaming on social media as well as many other types of applications let us proceed together a pace