Swarm BZZPrice $ 0.0978

Swarm is a system of peer-to-peer networked nodes that create a decentralised storage and communication service. The system is economically self-sustaining due to a built-in incentive system enforced through smart contracts on the Ethereum blockchain.

Swarm Ecosystem

Collaboration–first approach

• Swarm’s credo is to shape the future towards a self-sovereign global society and permissionless open markets. Swarm's design principles cater to dApp developers, organizations, enterprises and activists irrespective of the blockchain they use. Low-hanging fruit are social media dApps, free press, archives, blockchain and DeFi data.

Fairdrive - gateway to the fair data economy

• Fairdrive is an open, censorship-resistant, secure file transfer service to truly decentralize any type of file. A cyber safe zone where users have full control over their data and their privacy, always. Open source and powered by Swarm.

Swarm Key Highlights

Unstoppable features for unstoppable dApps

• Privacy preservation, communication and redundancy are built in to ensure availability and continued data delivery even when individual nodes go offline. Any data, any device. On demand.

Radical data ownership and management

• Data is split up into small chunks that are stored throughout the network without vulnerable central hubs. Operators cannot know what content is stored on their nodes while still being paid for storing.

Enabling zero-cost economics

• No central party controls the data or can monetize it. Instead of relying on intermediaries to ensure the availability and integrity of data, all node operators participate in enabling a fair data economy.

Swarm Technology

Swarm is a system of peer-to-peer networked nodes that create a decentralized storage and communication service. The system is economically self-sustaining thanks to a built-in incentive system enforced through smart contracts on the Ethereum blockchain.

The architecture makes the system resilient to connectivity issues, node churn, or targeted DDOS attacks, and enables a zero-downtime service.

BZZ Economics

About BZZ The BZZ token is the native asset for the Swarm Network. It enables bandwidth and storage incentives. These incentives make sure node operators are aligned and motivated to run and maintain the network.