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Decentralised storage means storing data where data files are kept in a series of geographically distributed nodes connected to a P2P network.
Decentralised storage is a blockchain network that uses P2P networking. Nodes (computers connected to the network) host all the data and scatter them in multiple drives with different nodes worldwide.
To answer: What is decentralised storage, and learn its advantages/ disadvantages, check the link.
ScPrime is decentralised cloud storage which uses blockchain smart contracts to provide security and better performance.
First and foremost, the ScPrime network focuses on providing storage by being an intermediary between those who offer unused storage and the paying renters.
The benefit for storage providers is twofold, as they’ll earn passive income and help create a distributed data centre.
I’m not going to bore you and ramble on for multiple pages! Let’s watch this short video to learn how ScPrime works.
ScPrime primal features include
To learn what you can store in ScPrime storage, we first need to go through the concept of erasure coding. It doesn't seem very easy, but it is!
In simple terms, files need to be encrypted before reaching providers’ drives.
Encryption makes files break into many shards, and this process results in redundancy across multiple providers.
It means providers can access the files even offline. To store encrypted shards, renters can sign smart contracts with providers to make sure of the integrity and availability of the data.
According to ScPrime, “Enterprises, cloud/ managed service providers, or anyone already using cloud infrastructure for their work and data flows can integrate with just the swap of a URL to begin using the distributed cloud”.
Also, the ScPrime network runs a cloud data service providing company, Xa-Net Services, to provide enterprise-grade renter infrastructure for its customers.
ScPrime offers an open-source renter for public use; however, it is not what ScPrime was designed for. It was mainly developed to provide service to enterprises through Xa-Net Services.
To be a storage provider or node on ScPrime, you can choose one of the two methods available: use ScPrime Xa-Miner or be a DIY Storage Provider. The easiest method to become a storage provider for ScPrime is to use Xa-Miner. Let’s learn what it is and how it works.
Xa-Miner is a cloud service product from the ScPrime project, which consists of a distributed data centre and decentralised client known as a relayer for enterprise customers or companies to access the network.
There is a private and dedicated relayer for every user consisting of a distributed client, database, and cash. Using Xa-Miner, multiple users can share and update files since it is a plug-and-play passive income device, and as long as you run the device, you can share storage in exchange for cryptocurrency. This is what the device looks like.
Remember that you do not need direct access to the Xa-Miner device, as you can manage almost everything via the web interface. You only need direct access to the device when you have to ask for tech support.
Let’s take a closer look at the main features of ScPrime that make it stand out.
Xa-Miner adds storage capacity to the Xa-Net Services cloud to enable you to earn passive income. It’s a business-level cloud built from numerous devices meshed using ScPrime blockchain and smart contracts.
As the main data centre, ScPrime involves the users with crypto. Xa-Miner is available at 16-40-64 terabytes, and it doesn't matter if you use one or two or ten devices.
Xa-Miner allows you to use multiple devices in one location as a data centre, and due to sharing and providing the uptime of these devices to store people’s data, you will get rewards. Also, if you host one of these devices and it goes down, you can recover all the data.
If users choose to be a part of the ScPrime network’s Xa-Miner device and continue running it, this profitable and smart investment allows them to earn SCP tokens. The amount of tokens you will get depends on the number of months you have used Xa-Miner. Also, the rebates you will earn depend on the version you purchase monthly.
SCP is the utility coin of the ScPrime platform, employed in contracting between client software and the distributed provider network, and an equity token not available for public use.
Currently, the SCP blockchain is validated through Proof-of-Work (PoW) mechanism, using various Blake2b application-specific integrated circuits (ASICs) to provide hashing capability.
In the case of solo mining, the miner validates and secures the network related to the hashes accepted by the pool or the blocks found and so earns SCP coins as rewards.
Here’s a list of Blake2b ASICs currently available:
Several cryptocurrency exchanges out there are available to trade ScPrime (SCP) tokens, including ProBit, SouthXchange, TradeOgre, eToroX, SouthXchange, and ProBit Global.
One of the most similar projects to SCP is Filecoin. Both projects have similar qualities with some differences, as the following chart depicts.
The software tab on the ScPrime website shows us different software the project develops, one of which is the ScPrime wallet in two kinds. Web Wallet and the Cold Wallet Generator.
ScPrime has designed a browser-based GUI (Graphical User Interface) wallet called the Web Wallet. This wallet is merely used to store SCP coins and, unlike CLI or UI software, cannot host other coins/ tokens.
This Web Wallet can simply be used to send, receive, and hold SCP. It has many features, one of which is the ability to have various wallets and a cold wallet generator.
ScPrime’s UI and Command Line wallets are available on almost every platform. It also offers a cold wallet providing a good level of security and ease of setting up and configuration. Cold wallets are better options when the holders do not intend to access the coins to sell or transfer soon.
To download ScPrime software, you only need to go to its website at https://scpri.me/software/ and click on the tab “Software”. On the opening page, you can access the guides for all the software ScPrime develops, including the following:
Let’s explore the most recent FAQs concerning the ScPrime, ScPrime wallet, ScPrime Node, and SCP blockchain.
Starting as a layer 1 blockchain, ScPrime is based on Proof-of-Work ASIC mining and smart contracts to connect Storage Providers worldwide.
The collateral needed for ScPrime is at least 1x the storage price, i.e., equal to the storage price you choose or higher.
Today, on Oct 26, 2022, each SCP coin is traded at $0.220327, which is down by -0.3% in the previous 24 hours, making up a 24-hr trading volume of $15,483.29.