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EthStorage

EthStorage is a layer 2 solution that provides programmable, dynamic storage based on Ethereum's data availability. It will greatly reduce the storage cost of storing large amounts of data on Ethereum, saving it to 1% to 0.1%. The low cost of large data storage by EthStorage can better enable a fully decentralized network in the future. It is highly integrated with EVM and is compatible with Solidity, Remix, Hardhat, and MetaMask. The team has received a research grant from the Ethereum Foundation for data availability research.

What is EthStorage?

EthStorage is a modular and decentralized Layer 2 storage solution built on top of Ethereum. It offers programmable dynamic key-value storage powered by Ethereum's data availability, particularly EIP-4844 and Danksharding. By periodically submitting storage proofs from the EthStorage Layer 2 network to Ethereum L1, EthStorage aims to reuse Ethereum mainnet security properties while significantly expanding Ethereum's storage capacity at a much lower cost. It targets petabyte-scale capacity with storage costs reduced by a factor of 1/1000. Additionally, the storage Layer 2 network is fully permissionless, allowing anyone with a minimum storage requirement (about 4TB) to operate as a storage provider. EthStorage is fully integrated with the Ethereum Virtual Machine (EVM) and is compatible with Ethereum development stacks, including Solidity, Remix, Hardhat, and MetaMask. (ethstorage.medium.com)

How Does EthStorage Work?

EthStorage functions as a storage rollup on Ethereum, providing a programmable dynamic key-value store based on Ethereum's data availability. It leverages EIP-4844 and Danksharding to enhance storage capabilities. By periodically submitting storage proofs from its Layer 2 network to Ethereum L1, EthStorage ensures data integrity and security while expanding storage capacity. This approach allows for significant scalability and cost reduction in data storage on the Ethereum network. (ethstorage.medium.com)

What Makes EthStorage Unique?

EthStorage stands out due to its integration with Ethereum's mainnet security, offering a scalable and cost-effective storage solution. Its permissionless nature allows anyone with sufficient storage capacity to participate as a provider. The platform's compatibility with existing Ethereum development tools facilitates seamless integration for developers. Additionally, EthStorage's focus on long-term data availability solutions opens up new possibilities for fully on-chain applications like games, social networks, and AI. (docs.ethstorage.io)

Who Are the Founders of EthStorage?

EthStorage was founded by Qi Zhou, who is also the founder of blockchain infrastructure startup QuarkChain. Before establishing QuarkChain in 2018, Qi Zhou worked for companies like Google and Meta, bringing extensive experience in technology and blockchain development to the project. (theblock.co)

Latest News

What Key Events Have There Been for EthStorage?

In May 2023, EthStorage secured 1st place at the EDCON 2023 Super Demo, showcasing its innovative storage rollup solution. In July 2023, the company raised $7 million in a seed funding round led by dao5, reaching a valuation of $100 million. Throughout 2023 and 2024, EthStorage received multiple grants from the Ethereum Foundation and Optimism for research on data availability and zero-knowledge proofs. The company also announced strategic partnerships with Celestia, Manta Network, and Taiko to provide long-term data availability solutions for Ethereum Layer 2 and Layer 3 networks. (ethstorage.medium.com, theblock.co, blog.ethstorage.io)

Project Announcements

In March 2024, EthStorage announced a donation of 1% of its total token supply to the Protocol Guild to support ongoing efforts in the Ethereum ecosystem. The company also launched its second public testnet campaign, aiming to transform Ethereum into a decentralized web server that powers unstoppable dApps. (chaincatcher.com, blog.ethstorage.io)

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.