What is the Swarm Network project?
Swarm Network is a system of peer to peer network nodes that create a decentralized communication and storage service. The system is economically self-sustaining thanks to a built-in incentive mechanism enforced through smart contracts on the Ethereum blockchain.
This architecture makes the system resistant to connection problems, node failures or targeted DDOS attacks and allows for zero downtime service.
Why Swarm Network was born?
The World Wide Web (WWW) or the Internet today has greatly reduced the costs of information dissemination, putting the power of publishers within the reach of every user, these costs are still not zero, and their allocation greatly influence who publishes what and who uses it. Although the current model of the World Wide Web has been recognized globally and networked with many values. But the World Wide Web model has many flaws. As a result of mainly unforeseen consequences of economies of scale in the provision of infrastructure, as well as the network effect on social networks, platforms have become huge repositories of data where large amounts of data are stored. User data passes through and is kept on servers belonging to individual organizations. This ‘side effect’ of the centralized data model has allowed large private corporations the opportunity to collect, aggregate and analyze user data, locating their data straws right at the point of entry. central congestion: cloud servers where everything meets. The data is centralized and controlled by economic corporations, governments and is used to manipulate content, access private information without permission, and exploit people’s personal information for business. use. This is exactly what David Chaum predicted in 1984, kicking off the Cypherpunk movement that Swarm was inspired by.
Blockchain (peer to peer) networks emerge as part of the data decentralization revolution. Among them are the current distributed data solutions like Bittoren or Filecoin, but projects like these are not really a radical solution, due to the lack of a user incentive mechanism in the platform structure. Therefore, there is still no escape from the decentralization and incentive mechanism when participants join the network.
What is swarm solution?
Swarm is a decentralized, incentivized, and secure Web 3.0 stack. In particular, the platform provides participants with solutions for data storage, transmission, access and authentication. These data services are increasingly necessary for economic interactions. By providing global access to all these services, with strong privacy guarantees, and without borders or external restrictions, Swarm promotes global volunteerism and represents infrastructure for an autonomous digital society.
With the Ethereum blockchain as the CPU of the world computer, Swarm is considered its “hard disk”. Of course, this model believes in the complex nature of Swarm, capable of storing more than simple storage, as we will discuss. Project Swarm set out to fulfill this vision and build the world’s computer storage and communication system.
The future is unknown and many challenges lie ahead for humanity. What is certain in today’s digital society is that in order to have sovereignty and control over our destiny, nations and individuals alike must maintain access and control over their data and communication. Swarm’s vision and goals are rooted in the decentralized technology community and its values, as it was originally designed to be the file storage component in the trio that would form the world computer: Ethereum, Whisper and Swarm.
It provides the on-demand responsiveness of dapps running on users’ devices and well-incentivized storage using any type of storage infrastructure – from smartphones to clusters. high availability. Continuity will be ensured with well-designed offers for bandwidth and storage.
Outstanding Features of Swarm
- Privacy preservation, communication, and redundancy are integrated to ensure data availability and continuity even when individual nodes go offline. Any data, any device. As required.
- Data is broken into small pieces that are stored throughout the network without central hubs of vulnerability. Operators cannot know what content is stored on their nodes while still getting paid for hosting.
- No central party controls the data or can monetize it. Instead of relying on intermediaries to ensure data availability and integrity, all node operators must participate in enabling a fair data economy.
Bee is an application of Swarm implemented in Go (an Ethereum programming language). It was the basic building block for the Swarm Network and the first client implementation. Bee’s structure is lip2p with Modules for running network nodes to build a peer-to-peer network for data transmission and storage.
Bee provides high-level structures for file, feed, and key-value storage, and provides low-level access to applications and other libraries that create an Owner unique and client-side Trojan blocks.
Swarm . infrastructure
Project Swarm is set up to build permissionless storage and communication infrastructure for tomorrow’s autonomous digital communications. From a developer’s perspective, Swarm is seen as the public infrastructure that powers the real-time interactive web applications familiar from the Web 2.0 era. It provides a low-level API for primitives that serve as the building blocks of complex applications, as well as the basis for tools and libraries for the Swarm-based Web 3.0 development stack. APIs and tools designed to allow access to the Swarm network from any traditional web browser, so that Swarm can instantly provide a private and decentralized alternative to the World Wide Web (WWW) today.
Swarm’s Layer Design
In which, the core of Swarm is the Overlay Network, which is built on the basis of a peer-to-peer (p2p) network protocol to form a topology that allows routing of messages between nodes.
This section details the functionality of the system’s architectural and design layers:
(1) a peer-to-peer network protocol to act as lower layer transport
(2) overlay network with protocols powering distributed immutable storage of blocks (fixed size data blocks)
(2) overlay network with protocols powering distributed immutable storage of blocks (fixed-size data blocks)
(4) the application layer defines standards and outlines best practices for more complex use cases
Swarm . Ecosystem
Collaboration – the first approach
Swarm’s vision is to shape the future towards a fully autonomous global society and Permissionless open markets. The design principles of the Swarm team are to cater to dApp developers, organizations, businesses, and activists regardless of which blockchain they use. Low results are social media dApps, free press, repositories, blockchain data, and DeFi.
Fairdrive – gateway to the fair data economy
Fairdrive is a secure, censorship-resistant file transfer service that is open to truly decentralized any file type. A cyber secure area where users always have full control over their data and privacy. Open source and powered by Swarm.
- 2015-2020: Research under the support of the Ethereum Foundation
- June 2020: Book of Swarm (same as Whitepaper)
- 2020 Network Launch
- September 2020: Release Beta
- June 2021: Token Launch
- June 2021: Coinlist Sale
What is BZZ token?
The BZZ token is the native asset of the Swarm Network platform. It allows for bandwidth and storage incentives. These incentives ensure that node operators are aligned and motivated to run and maintain the network.
Some rawBasic information about BZZ token
- Token name: Swarm Network
- Ticker: BZZ
- Blockchain: Ethereum
- Standard Tokens: ERC20
- Contract: updating
- Supply of circulation: updating
- Total supply: 62,571,428.57 BZZ
BZZ Token Allocation
- Early token sale: 42%
- Public token sale: 8%
- Ecosystem: 23%
- Current and future team: 20%
- Swarm Foundation Founder: 7%
Project development team
Fund raising history
Early investors September 2020
Price 0.20 DAI/BZZ.
Raised 2 million USD along with Beta release
Private Round in December 2019
- Price: 0.25 DAI/BZZ
- Raised $4 million with Swarm Live milestone
How to earn and own BZZ Token
Swarm Foundation announced the Bee Soft mainnet launch will take place on June 13, 2021. And shortly after, the BZZ token public sale is scheduled to take place on June 14, 2021 via CoinList.
BZZ Token storage wallet
You register to sell tokens on Coinlist, you can keep it here. At the same time, BZZ is an ERC-20 token, you can save it in today’s standard wallets:
- Coin98 Wallet
- Trust Wallet
- Metamask Wallet
The future of Swarm Network, should I invest in BZZ coin?
Swarm Network is Etthereum’s smart contract building platform, the Swarm Network architecture layer allows to build Modules so that anyone can run a Node allowing for decentralized data storage and transmission. This architecture of the Swarm Network will allow for a layer 2 refactoring of ethereum and then scaling to any applications that launch on it in real time. All information in this article is researched by Coinlive and does not constitute investment advice. Coinlive is not responsible for any direct and indirect risks. Good luck!