The Sharder Protocol’s Ascendance: The Capitulation Of Centralized Storage Solutions

Infringement of Privacy: An Equifax Summary: Sharder’s Potential To Prevent Atrocities Against Privacy

The centralized paradigm of storage solutions comes with invasion of individual privacy, a problem that has haunted our civilization as the internet has been weaponized as a tool for hackers to infringe on our individual liberties; this statement was proven true in September 2017 when one of the largest data hacks in history occurred, the Equifax hack. Equifax is one of the largest credit bureaus in the United States of America and during the months between May and September of 2017 hackers stole an unprecedented amount of Social Security numbers, birthdays, driver license numbers and addresses from Equifax, affecting up to 145 million Americans. The United States population approximates to roughly 370 million people: this number is higher than 40%! Centralized storage solutions have a major flaw, they’re prone to data breaches and the invasion of privacy! Privacy is one of our fundamental rights as human beings and it is being infringed upon by government entities and credit bureaus due to the lack of security they provide! According to Fortune “reports as of 2018 indicate that email addresses and tax identification numbers were also breached.” The theft of tax identification numbers is extremely concerning due to the fact that this increases the risk of fraudulent tax filings. As this occurred over a year ago fraudulent activity and the invasion of privacy is unfortunately not a vestige of the past, but a constant reminder that our freedoms are being threatened by mutable systems that evidently can not keep our identity safe. The blockchain is an immutable ledger that has never been hacked in the entirety of it’s existence and it can never be tampered with; if Equifax used a blockchain to store their records, this hack may not have occurred and the identity of over 145 million Americans would have been safe. The Sharder Protocol could have prevented this atrocity against individual privacy from occurring due to it’s ability to encrypt data offline ensuring that data will always be secured and impenetrable. The Sharder Protocol, utilizing it’s initiative Sharder-UTXO and Sharder-Pair technology (which utilizes Bitcoin and Ethereum’s technologies) guarantees that data cannot be accessed without permission!

Dilemmas Of Centralized Storage Solutions: The Sharder Protocol’s Solutions To Centralized Storage Complications

Utilizing centralized storage solutions comes with various dilemmas! The Sharder Protocol has the ability to radically reform how we store data and circulate data as a whole! Centralized storage solutions provide their services, at an extremely high costs that are unattractive to many people and enterprises as a whole. Centralized storage solutions are incentive by monetary advancement and capital gain. Due to centralized storage solutions generally being large companies with absolute authority and power over data storage, users have virtually no bargaining power against large conglomerates that utilize their technology. High costs for data storage will become a vestige of a past utilizing decentralized storage solutions like the Sharder Protocol. The Sharder Protocol embodies a transparent free market economy; an economic paradigm where fair capitalism based off of supply and demand reigns supreme. Within the Sharder Network, large data storage conglomerates fall to the sword of transparency that the Sharder Ecosystem has conceived of. Within the Sharder Ecosystem, data storage pricing is not deterministic on large companies that leverage their power against end users, rather, as pure transparent democracy should be, the populous makes the value propositions for data storage! The Sharder Protocol embodies free market capitalism amalgamated with a pure, equitable and transparent democratic paradigm and has created a super network for decentralized data storage at lower costs than traditional centralized storage institutions! Monopolies throughout our world have run rampant, siphoning any competition giving a select few companies absolute power; despotic empires that cause the populous to kneel to their demands! The equity and inclusion within a sharing economy that exists throughout the Sharder Network excludes any possibility of a monopoly from ever occurring within the network; the sharing economy also provides the highest quality storage services at the lowest price possible for end users looking to store their data securely on a decentralized network, free from inefficient bureaucracies. Another major dilemma that plagues centralized storage solutions is the ubiquity of idle storage space; big data storage companies spend millions of dollars on centralized storage centers and yet, across the entirety of the centralized global network, the under utilization of storage space reigns supreme!

The Sharder Protocol: The Airbnb of Blockchain

The Sharder Protocol is often referred to as “The Airbnb of Blockchain Storage” due to it’s transparent and equitable sharing economy! The incentive mechanism ingrained within The Sharder Protocol encourages individuals to provide their idle storage space into the free market that exists within the Sharder Network, enabling individuals to receive Sharder tokens as compensation for their contribution to the efficiency of the free market within the Sharder Network. Self interest is the lever that moves people in our world. The Sharder Protocol understood this paradigm of self interest with the utmost clarity; as a result of this clear picture of the motive of human interest in financial reward and compensation, pieces of hardware known as Sharder Hub’s and Boxes were created that enable individuals to obtain multifold rewards for contributing their storage capacity and computing power! The Sharder Protocol’s network is extremely expandable with the utilization of cross-chain technology! As blockchain continues to thrive it will become incumbent for an interoperable cross-chain solution to exist for blockchains to effectively and securely store their data!

Mutable and Invalid Information: Disputes Of Court: Sharder’s Solution

Unnotarized information can cause the complete degradation of companies, enterprises and organizations when utilizing centralized storage systems during a legal dispute. Unnotarized information can include various documents associated with investment records, payment statements, emails and other digital data that are not as valid information when used during legal confrontations! Unnotarized records have no sense of public credibility or judicial validity, which create false decisions for trials that are decided not by equity, transparency and truth, but lies, deception and falsified information. Within The Sharder Protocol, unnotarized information is non-existent and the Sharder Network is free from the shackles of invalidity. Within The Sharder Network, provers such as notaries, judicial organizations and copyright bureaus provide the immutable data that exists within the protocol, absolving the network from unnotarized information! Data is immutably stored on the Sharder chain with authenticity! This immutability establishes that the data that exists within the Sharder Protocol has complete credibility and judicial effect in the eyes of the state and the law!

Impermanent Storage: Data At Risk Due To Centralized Termination: The Great Depression Of Storage

In the 1920’s, a decade known as The Roaring Twenties occurred after “The Great War.” The Roaring Twenties was accompanied by economic prosperity within the United States, but that financial freedom and prosperity, like Rome, will always have their decline. Black Tuesday, a date that will go down in financial infamy was the harbinger of the Great Depression that created the worse economic downturn in the entirety of United States history. The next Great Depression will not be one of financial collapse, but of the collapse and termination of data, the 21st century gold. As individuals raced to their local banks to liquidate their cash, attempting to save the money they had as the economy collapsed, banks were closed and people’s money was nowhere to be found; this same scenario can occur when using centralized storage solutions! Centralized storage solutions provide impermanent storage, storage that may disappear in the future if that data center collapses or arbitrarily terminates on their own accord. The Sharder Protocol has the technology and innovation to prevent the Great Depression Of Data due to it’s decentralized and autonomous ecosystem! The Sharder-Network stores individuals data on distributed nodes, where imprints of data are always stored on these specific nodes! These nodes will be online forever, in existence for the entirety of eternity! Individuals, companies, enterprises, organizations and countries can safely store their data with the Sharder Protocol within the Sharder Ecosystem forever!

Conclusion: The Sharder Protocol’s Ascendance Like An Eagle To The Sky

It is more than evident that utilizing centralized storage solutions comes with massive risks of arbitrary termination, high costs, data invalidity and most importantly, the invasion of privacy, as seen with the Equifax hack of 2017. The Sharder Protocol has the potential to be the harbinger of a revolution in data storage; a reformation of unprecedented scale. The Sharder Protocol as the first cross-chain storage protocol is a technological orphan with immense value to private and public blockchains in regards to safe and secure data storage! The utilization of this sleeping giant will become more and more visible to the world as we see more data breaches like what we have seen in the not too distant past and will continue to see throughout our contemporary world! Data is a commodity and like gold, it should be secured as such! The Sharder Protocol will effectively bring about change and reform in the data sector; data will be a ubiquity in every sector of industry that is poised to grow exponentially as our society and blockchain advances as a whole!

Disclaimer: Cryptocurrency investing requires substantial risk, do not invest more than you can afford to lose! I am not a financial advisor and I am not responsible for any of your trades. I am an investor of Sharder Token and the information within this article represent my own thoughts and opinions. It is incumbent that you always do your own research before investing in anything!

Sources: http://fortune.com/2018/02/11/equifax-hack-exposed-extra-data/

__________________________________________________________________________________________________

Link to Corey Costa, our community writer's Medium page: https://medium.com/@coreycosta