Swarm

Swarm

Swarm BZZ Rank #491

How to invest in Swarm (BZZ) Token. Project explained, price and staking

Swarm Exchanges

Exchange Market Pairs Buy
Gate.io BTC/USDT -
OKX LTC/USDT -
MEXC LTC/USDT -
CoinEx NMC/USDT -
XT.COM WDC/USDT -
AEX QRK/USDT -
DigiFinex DGB/USDT -
Hoo MIM/USDT -
Bibox XEM/USDT -
BitForex MGO/USDT -
ZBG XEM/QC -
Coinlist Pro DOGE/USD -
Hotcoin Global REP/USDT -
Hotbit PPC/USDT -
CITEX ZER/USDT -
Jubi XAS/USDT -
Swarm is a decentralized communication and storage system for a sovereign digital society. The system is financially self-sufficient thanks to a built-in incentive system that is enforced through smart contracts on the Ethereum blockchain. Users remain sovereign owners of their personal data in accordance with fair data principles. The architecture makes the system resistant to connectivity issues, node dropouts, or targeted DDOS attacks and enables zero-downtime service. Swarm exists so that the Internet can become decentralized again. Swarm's long-term vision is to become the decentralized internet operating system. It provides a self-sufficient, scalable infrastructure for a supply chain data economy. Key features Unstoppable features for unstoppable dApps: Privacy preservation, communication, and redundancy are built in to ensure continuous data availability and delivery, even when individual nodes are offline. Any data, any device. On-Demand Root Data Ownership and Management: Data is broken into small chunks that are stored on the network with no vulnerable central hubs. Operators cannot know what content is stored on their nodes while they are still being paid to archive it. Enable a zero-cost economy: No central party controls the data or can monetize it. Instead of relying on intermediaries to ensure data availability and integrity, all node operators participate to enable a fair data economy. Passing access, hosting, and execution costs onto users removes the final hurdle to developing truly agile and adaptive applications to make web 3 a reality. TokenomicsBZZ is the native token of the Swarm Network. Users of network services (ie bandwidth and storage) use it to compensate providers or node operators for those services. The network is designed to encourage constructive behavior. Node operators that provide more bandwidth and storage while providing popular blocks quickly (files uploaded to Swarm are divided into 4KB blocks) will get more traffic and consequently more rewards. Operators therefore compete in providing high-quality services, which then grow, protect and maintain the network. The token offer is not fixed and can increase or decrease through the bonus curve. You can read the Swarm bonus curve in detail here. Simply put, if supply increases by one token, its price on the bond curve also contracts, and vice versa. This makes BZZ non-inflationary and non-deflationary in nature. Ecosystem Having a vibrant ecosystem on top of Swarm is key. Swarm Network already has a budding ecosystem growing on it. From decentralized marketplaces, art, NFTs, archives, data stores, music streaming, and everything else is sprouting up on Swarm. The Swarm Foundation actively supports this growth through grants. Today's cloud is still based on the concept of a stand-alone computer, where data is centrally stored and managed on servers of trusted institutions. With the introduction of the BZZ token, Swarm provides a key component to drive cloud transformation as we know it. By collaborating with the web3 community, Swarm aims to create an autonomous, private and unstoppable information storage system for an autonomous digital society.