A Distributed Storage Network in cryptocurrency refers to a system where data is stored on multiple decentralized nodes across the network rather than on a centralized server. This enhances security and reliability as there is no single point of failure. Each node in the network stores a copy of the data, ensuring redundancy and accessibility even if some nodes go offline.
In a Distributed Storage Network, data is divided into smaller chunks and encrypted before being distributed across multiple nodes. This ensures that data remains secure and private. When a user wants to access their data, the network retrieves the necessary chunks from various nodes and reconstructs the complete file for the user.
This decentralized approach to storage also makes it more difficult for hackers to compromise the network, as they would need to attack multiple nodes simultaneously to gain access to the data. Additionally, Distributed Storage Networks are often more cost-effective and scalable compared to traditional centralized storage solutions.
