Express

YANG Haipo: Decentralized Storage Such As IPFS Is Fake Requirement

Tracy CHEN

Summary: ViaBTC CEO YANG Haipo said on Weibo (Chinese Twitter) on June 22 that it is not particularly optimistic about the development of IPFS or storage blockchain projects because of the decentralized storage is a fake requirement. Decentralized storage requires more copies, which inevitably increases costs and reduces efficiency. The blockchain is essentially a database system with ...

ViaBTC CEO YANG Haipo said on Weibo (Chinese Twitter) on June 22 that it is not particularly optimistic about the development of IPFS or storage blockchain projects because of the decentralized storage is a fake requirement. 
Decentralized storage requires more copies, which inevitably increases costs and reduces efficiency. The blockchain is essentially a database system with low capacity and efficiency, and high cost. It is only suitable for storing some ledger data, but not for everything.
EOS is a failed case, trying to build an enterprise-level public chain, but is filled with trash data. Thus, fewer and fewer people are running their nodes, and services of EOS data and wallets are fewer and fewer, and eventually, EOS will be crushed.

Tracy Chen

Last Update:

Tags: ,
Link: YANG Haipo: Decentralized Storage Such As IPFS Is Fake Requirement   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago
  • You need to login to comment.