Ether Domain Name Services (EDNS) is proud to announce the launch of DeDrive, a layer-2 decentralized object storage solution. As part of the omni-chain EDNS ecosystem, DeDrive adopts cutting-edge storage technologies from key blockchain-related storage players in the market, as well as established cloud services. DeDrive aims to provide users with an efficient, secure and flexible decentralized storage experience.
EDNS is a name and lookup service built on the Polygon blockchain, a sidechain scaling solution of Ethereum that is compatible with Ethereum, allowing blockchain users to translate their machine-readable addresses to human-readable addresses. It provides a Decentralized Domain Naming Service for Web 3.0-related demands, including NFT, Cryptocurrency Wallet, Web hosting, DeFi ID, and GameFi ID in the Digital world. Moreover, to serve a wider range of users, EDNS will expand to support more blockchains, and ultimately become an omni-chain platform.
The current pain points of centralized and decentralized storage With the rise of big data and the digitization of practically everything, it is vital for a company to find a way to manage the huge influx of data. Data storage in today’s market structure is centralized in nature. The major challenges regarding centralized data storage that we are facing today include cost (when there is high web traffic), security breaches, privacy, transfer speeds, storage performance optimization, increased complexity of storage infrastructure and more. Emerging as a disruptor to traditional cloud storage, decentralized storage in general means the files are stored on multiple computers called “nodes” on a decentralized network. In most cases, decentralized storage networks are based on blockchain or similar distributed storage technologies. Along with the boom in Web3 and blockchain technology, we have also witnessed the innovations and applications brought in by major layer-1 decentralized storage providers (e.g. Filecoin, IPFS, and Storj) in recent years. These providers tackle the pain points of using centralized storage. Compared to centralized storage, decentralized storage providers offer storage services that are immutable, transparent, secure, free from censorship, and longer lasting. Due to its serverless nature, decentralized networks are resilient because the storage does not have a single point of failure. However, these decentralized solutions are still in their infancy with shortcomings like latency, lack of interoperability, and low performance.
How does DeDrive stand out in the decentralized storage market? EDNS comes in with a hybrid solution — DeDrive, providing high-performing decentralized storage services by permeating the Web3 environment with cloud technology. As the backbone of the EDNS ecosystem, DeDrive enables users to fully control access permissions, which will be executed by smart contracts. Data recovery is also easier in the DeDrive system as the data is stored in multiple storage providers. This has enabled the static web hosting function via global distribution of storage which is reliable and immutable. DeDrive is integrated with Web 2.0 object storage service, giving users more options for storage.
What can DeDrive do? DeDrive hosts storage for users in both centralized cloud services and multi-chain decentralized storage. With the powerful management console, users can create, read, update and delete (CRUD) their data to manage their whole file system. It also provides users with the flexibility of selecting different chains, or storage providers to store their data. Moreover, with its permission management function, users control the access rights over whether to share their data publicly, or with specific individuals, and whether to allow them to edit the data. In the near future, DeDrive will continue expanding its utility to include decentralized web hosting (an upcoming function built within the EDSN ecosystem), media streaming and more.
How can DeDrive be used practically? Take buying NFTs, for example — An NFT only functions as the link to its data, a line of code, but the actual data is stored somewhere off-chain and accessible. Most NFT buyers store their priceless NFT data on centralized storage systems, but using centralized storage runs a higher risk of losing your data as it is controlled by a singular entity and may cause their NFTs to lose value! DeDrive is here to change your habits of storing NFTs, digital assets and other valuable data and finally protect them, with its intuitive interface, multiple storage options, and state-of-art security. EDNS CEO Ms. Joey Lam is very positive about the future of decentralized storage saying, “Web 3.0 is a historical new chapter for the development of blockchain. With the problems of privacy and censorship arising in Web 2.0, we sense the huge demand of ownership control. “ She added, “EDNS’ ambition is to build a blockchain infrastructure that fulfills the need of large-scale user-level applications by returning the ultimate ownership in terms of asset, identity, data and more to users in the upcoming Web3.0 era. This will come true, powered by our innovative decentralized storage solution.”
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