Swarm Network

Swarm Network

SWM
$0.003426518

Key Metrics

Price$0.003426518
Real Volume (24H)$0
Marketcap$342,651.84
Fully Diluted ValuationN/A
ATH$2.16
ATH Date1/28/2018, 3:00:00 AM
ATL$0.0000000002
ATL Date4/13/2022, 11:14:11 PM
Circulating Supply79M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank3016
Chart
What is Swarm Network?

Swarm Information is an embodiment of humanity's shared experience, serving as the foundation of all social constructs. However, the control of information and data that underpins our digital society is currently concentrated in the hands of a few powerful entities. Recognizing the need for a decentralized information storage system, one that empowers digital freedom and emerges as the backbone of the next generation web, Swarm is on a mission to fulfill that purpose.

Swarm offers an array of key highlights, ensuring the unstoppable nature of decentralized applications (dApps). With built-in features for privacy preservation, communication, and redundancy, data availability and delivery remain intact even when individual nodes go offline. This empowers users to access any data, on any device, whenever they need it.

Another critical aspect of Swarm is its radical approach to data ownership and management. Data is divided into small chunks and distributed across the network, eliminating vulnerable central hubs. Node operators, while being paid for storing data, cannot ascertain the content stored on their nodes, ensuring enhanced privacy and security.

Furthermore, Swarm enables a zero-cost economics model by removing the need for intermediaries to control and monetize data. Instead, all node operators actively participate in creating a fair data economy, where no single party controls the data, promoting a more decentralized and inclusive ecosystem.

Swarm is built on the foundation of advanced peer-to-peer networked nodes, forming a decentralized storage and communication service. This system operates on a self-sustaining model, thanks to smart contracts on the Ethereum blockchain that enforce an incentive system. By utilizing this architecture, Swarm remains resilient to connectivity issues, node churn, and targeted DDoS attacks, providing a seamless and uninterrupted service.

Bee, implemented in Go, is the Swarm client and acts as the fundamental building block for the Swarm Network. Bee offers high-level constructs for file storage, feeds, and key-value stores, as well as low-level access to other applications and libraries that facilitate the creation of Single Owner and Trojan chunks on the client side.

The Book of Swarm serves as the technical paper outlining Swarm's vision and execution. It represents over four years of intensive research and development, laying the groundwork for the software implementation that powers Swarm.

CoinList, in its sole and absolute discretion, may adjust the parameters of the CoinList website and access systems to prioritize access to the Swarm sale or the processing of token purchases for high-quality users who have demonstrated their positive contributions to token networks or possess indicia of crypto-savvy potential users of Swarm. Stay tuned for further updates and information on this front.

Regarding BZZ economics, the BZZ token serves as the native asset for the Swarm Network, facilitating bandwidth and storage incentives. These incentives align and motivate node operators to run and maintain the network effectively. Following the launch of the mainnet and token distribution, it is anticipated that a decentralized bonding curve vending machine will be available. This platform will allow interested individuals to acquire BZZ using DAI or sell BZZ for DAI, fostering a vibrant and dynamic token ecosystem.

Swarm adopts a collaboration-first approach within its ecosystem. Its design principles cater to dApp developers, organizations, enterprises, and activists, irrespective of the blockchain they operate on. The initial focus areas include social media dApps, free press, archives, blockchain data, and decentralized finance (DeFi) data.

Finally, Fairdrive stands as the gateway to a fair data economy. It provides an open, censorship-resistant, and secure file transfer service that truly decentralizes any type of file. Fairdrive empowers users with complete control over their data and privacy in a cyber-safe zone. Built on the principles of openness and powered by Swarm, Fairdrive embraces the values of a self-sovereign global society and permissionless open markets.

In conclusion, Swarm's vision for a decentralized and self-sustaining information storage system has the potential to transform our digital landscape. By prioritizing privacy, security, and data ownership, Swarm empowers users, developers, and enterprises to embrace the full potential of a decentralized web. With initiatives like Fairdrive, Swarm aims to foster a fair data economy and provide a platform for collaboration and innovation across various domains. Stay connected for more updates and exciting developments from Swarm.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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