• Web3 has made strides towards decentralization, but its infrastructure still relies on a centralized system for pinning.
• The current system of using a CDN is expensive and vulnerable to failure and censorship.
• Teams are working on solutions to implement decentralized pinning into IPFS protocols without raising costs or sacrificing performance.
What is Web3?
Web3 is the next evolution of the internet, which aims to create a truly borderless and resilient community by utilizing blockchain technology. It offers numerous advantages over traditional systems, including decentralization, immutability, and trustlessness. However, some of the infrastructure behind it is still decidedly centralized.
The Problem with Pinning
Pinning providers are one of the most centralized aspects of Web3 networks when it comes to the network as a whole. This is because they use just one source (Cloudflare) for their services, which presents risks such as censorship or failure that can bring down an entire network. Additionally, cloud storage providers like AWS are expensive in terms of long-term costs for networks not focused on revenue-generation models.
Storage Agnostic IPFS
The solution for this issue lies in decentralization – teams are currently developing ways to layer onto existing IPFS protocols while simultaneously providing decentralized pinning solutions without raising costs or decreasing performance levels. This will allow networks to use cheaper alternatives such as Filcoin and Arweave while still ensuring a secure and reliable system.
Benefits of Decentralized Pinning
Decentralized pinning provides numerous advantages over current systems: it prevents malicious actors from taking control of the network; makes censorship impossible; eliminates single points of failure; significantly reduces long-term costs; increases security and resilience; and allows users to access content faster than ever before due to increased speed through decentralized nodes rather than centralized ones.
It’s clear that decentralized pinning solutions offer many benefits over current methods – from improved security features to reduced long-term costs – making them essential components of any Web3 platform looking to provide true decentralization in their networks moving forward.