Datamall Chain (DMC) is an open-source blockchain underlying platform for global users, aiming to promote the construction of the next-generation Internet infrastructure and the development of blockchain technology. The future ecology of Datamall Chain mainly includes decentralized storage mining, DeFi, NFT, cross-chain bridging, cloud storage and other products, and is committed to building a decentralized public chain.
I have been in the DMC community (Discord Chinese community) for a while, and I gradually found that a considerable number of friends in the community came from Filecoin mining. Datamall Chain (DMC) storage and Filecoin (FIL) storage leader are both storage-related public chains. In terms of project establishment time, DMC was slightly later than FIL, but compared with FIL, DMC focuses more on the innovation of underlying technology, aiming to promote the construction of the next generation of Internet infrastructure and the development of blockchain technology.
Although DMC is not as popular as FIL in terms of development momentum, and DMCy does not have the huge financing background of hundreds of millions like FIL in the early days, DMC has a strong and luxurious technical team lineup. It is the most potential dark horse storage public chain driven by technological innovation and accumulated strength. Through DMC's technical team, we can find that DMC has accumulated rich technical advantages in the past 8 years. With the upcoming release of DMC's main network, I believe DMC will soon usher in a wave of development climax.
A strong project cannot be separated from a strong team!
The Genesis team has more than 20 years of R&D experience in the storage field, and the founder has developed the world's first hyper-converged cloud computer with independent intellectual property rights. Each founder has a strong entrepreneurial background in the technology industry, and is a rare elite team in the industry.
Victor Chen, founder and chairman of DMC: Former CTO of UNISWDC, CEO of Santa Clara Tech. Co., and Chief Representative of IBM Networking China. He has more than 20 years of experience in the technology industry and entrepreneurial experience, and has deep experience in data transmission, computing, and storage technologies in the underlying hyper-converged architecture of big data analysis systems.
Xinglu Lin: Chief Technology Officer, co-founder of DoNews, 265.com, P.cn, Beijing Xinen Tech, Shenzen Xiaoxi Tech, has been deeply involved in the Internet industry for more than 20 years and has rich entrepreneurial experience. He joined Yinghaiwei at the age of 17 and founded DoNews in 2000. He was a pioneer in the early stage of Web2.0. He and the well-known entrepreneur Cai Wensheng established and acquired many companies. Among them, the 265 website, which he participated in the establishment and served as CTO, was sold to Google in 2007. He enjoys a reputation as a victorious general in the Internet industry.
Victor Zhou: DMC's technical advisor and angel investor, the first author of the ERC-1202 voting standard, and co-founder of AlephCrypto. Victor Zhou is also a well-known Web3 developer and investor.
It can be said that such a strong technical lineup is all born in the field of storage and is born for storage, laying a historical significance for the development of decentralized storage.
Datamall Chain is committed to creating an efficient global market for decentralized storage and building a free, secure, and efficient data storage infrastructure for Web3. It is breaking down barriers between various service platforms, creating real market pricing for decentralized storage, and helping users store data safely, quickly, and reliably.
Let’s look at the advantages of the DMC storage public chain from a technical perspective.
As we all know, Filecoin, which was once popular in the cryptocurrency circle, is a decentralized storage project based on IPFS. However, the IPFS protocol is a P2P cache protocol with many disadvantages. Data persistence requires payment for PIN service; the CID created by IPFS link based on data content is a persistent WEB3 link, but the owner of the data cannot be determined and the ownership cannot be confirmed.
FIL has other shortcomings, such as the lack of reliability and low retrieval efficiency of the DHT routing protocol in the IPFS protocol. Filecoin regroups highly dispersed data into a center to calculate it, which is expensive, wasteful, inefficient, and violates the principle of decentralized storage.
In short, storage projects like FIL and AR, because they are stuck in the past storage technology, can no longer adapt to the current storage needs of WEB3 and AI. DMC is the next generation of Internet infrastructure.
CYFS is a Web3 open source protocol dedicated to building a fully decentralized and free Internet. It has a disruptive architectural design that supports users to create fully decentralized applications and realizes the complete decentralization of Web3.
The DMC consensus proof is built on the CYFS protocol. As the next generation protocol, CYFS includes a set of decentralized storage delivery protocols based on OOD addressing, which solves the huge delay problem of DHT-based decentralized storage systems and has unlimited scalability. With the support of CYFS, the data storage efficiency and speed of DMC have been improved.
We see that DMC adheres to the basic principle of "only on-chain when there are disputes" on this protocol. Under normal delivery conditions of more than 90%, no handling fees are required, which can truly improve delivery speed and reduce the cost of decentralized storage. An effective and efficient decentralized storage system is the core infrastructure to maintain the next stage of growth and user adoption of Web3, based on the common vision of promoting a more efficient decentralized storage market.
In addition to using the CYFS protocol as the underlying protocol for data storage, what other advantages does DMC have?
Instead of storing data in a single cloud company, decentralized file storage protocols split the data into small chunks and then store the packets on computers (nodes) connected to a decentralized network. Decentralization means that the files are protected by a network of many different stakeholders rather than a single company.
First, let's take a look at the POSS (Proof of Storage Service) consensus mechanism, which is the proof of storage service. DMC adopts the PoSS consensus mechanism, which greatly improves transaction speed and flexibility. The number of PST minted by staking DMC is the ticket right, and the ticket right is used as a condition to select miner nodes to become consensus nodes and provide storage services.
DMC technology uses Nash-Consensus, the Nash consensus mechanism, to achieve high efficiency in decentralized storage. In a game process, when each player's equilibrium strategy is to achieve the maximum value of their expected return, all other players also follow this strategy. If any participant's strategy is optimal when all other participants' strategies are determined, this strategy combination is called Nash equilibrium. This is an equilibrium mechanism that mainly provides four benefits for DMC:
A. Meet the different needs of different users for storage media.
B. Ensure the interests of storage providers and storage consumers.
C. Minimize the burden on the chain and achieve higher scalability and storage efficiency.
D. Achieve data storage security by differentiating storage requirements and their prices.
At present, there are very few real applications of public chain storage in the entire blockchain industry. Except for the most talked-about FIL and AR, they cannot be applied on a large scale because of the high storage prices and storage devices. It is even more impossible for mass players or large users with real needs to enter, which hinders the progress of decentralized storage replacing centralized storage. This is also not conducive to the development of the new generation of the Internet, Web3.
At present, the test network of DMC has been launched, and the main network is about to be launched. A large number of wallets, cross-chain bridges, Game FI, Defi and other rich applications are being tested simultaneously. DMC is the only real distributed storage technology in the industry and has received close attention from all parties. At present, DMC already has a real ecological application WEB3-Foggie, the world's first WEB3 terminal. Foggie initially equipped with wallet addresses, CYFS browsers and file storage functions, which can not only store data on CYFS but also pin data on IPFS.
Looking to the future, the DMC ecosystem will play an important basic supporting role in decentralized personal Dropbox, open data transactions and digital twins, helping to build a secure, compliant and extensive data storage and transaction ecosystem.
With its strong technical team, strength and outstanding market influence, DMC is expected to break through 50,000P+ in network computing power in 2024, and its ecosystem is expected to reach 200+, surpassing Filecoin to reach the first-line level in the industry. It is expected to attract more than 3,000+ developers and more than 20+ leader projects to cooperate in building Web3.0. In summary, the DMC public chain, with its advanced technology, unique mining methods and excellent core team, will surely break through the current distributed storage risks and become a dark horse in the distributed storage track!