Topic: Introducing Storecoin zero-fee payments and p2p cloud computing platform - page 3. (Read 1276 times)
July 21, 2019, 04:03:20 AM
Using encryption should increase processing time, right? So usual clouds are better.
July 21, 2019, 02:36:00 AM
The team of this project is very experienced, because there are some team members and advisors from famous technology companies, such as Apple, Microsoft, Amazon... This concept is interesting mix between data cloud and cryptocurrency. Good luck fellows!
July 20, 2019, 03:05:57 PM
Has homomorphic encryption been used before in other projects?
This is a very interesting direction in encryption and it has several stages of development. Look Wiki. Some members of the team are real experts in homomorphic encryption and that's cool! July 20, 2019, 01:11:01 PM
Has homomorphic encryption been used before in other projects?
July 20, 2019, 09:51:44 AM
I’ve never heard about homomorphic encryption before but Wiki helps me and now I understand that it is good solution.
As stated in Litepaper it allows computation to be performed directly on the encrypted data without decrypting it first! July 19, 2019, 01:58:28 PM
I’ve never heard about homomorphic encryption before but Wiki helps me and now I understand that it is good solution.
July 19, 2019, 01:16:14 PM
So if I'm not wrong you have both $STORE token and Datacoin but why don't you use only one of them?
Yeah, monopolistic tech giants track and collect data about their users more than ever and Zuckerberg confirms it 😁 July 19, 2019, 09:49:59 AM
So if I'm not wrong you have both $STORE token and Datacoin but why don't you use only one of them?
Datacoins are app specific, more like ERC20 tokens on Ethereum network. The difference is that datacoins are "backed" by schema-verified data created by respective apps. So, if the data is valuable, so would be datacoins. This gives freedom to app developers to price their data in units of their app's datacoins. Now, it is possible that a category of data (say, "weather data") is available from multiple apps hosted on Storecoin and it may be impractical for a buyer to pay in individual app datacoins to access data from different apps. Such cross-app data purchases can be paid with $STORE. All datacoins are denominated in $STORE, which makes this possible. Datacoins are emitted based on the amount of data created in the tokenized apps and no two apps will create data at the same rate or volume. This separation, where data is priced in app's own datacoins instead of tying its price to base currency, allows accurate representation of the "value" of the data.
July 19, 2019, 05:10:33 AM
So if I'm not wrong you have both $STORE token and Datacoin but why don't you use only one of them?
July 18, 2019, 03:48:59 PM
One of the things that makes a project successful is the strong dev team. I see this in Storecoin
July 18, 2019, 12:16:39 PM
Data production is growing exponentially, however just a minimal percentage is currently being analyzed, used, or monetized. Storecoin has an original idea that "improves" data quality, a market that is now valued at more than $3 trillion, and a gold mine for large corporations and governments.
July 18, 2019, 07:19:36 AM
Okay, 1 MB = 1 Datacoin. But how much will 1 Datacoin cost in BTC or in ETH?
July 17, 2019, 02:33:15 PM
The team and advisors of Storecoin are solid and it's good to see they have extensive experience in blockchain technology and cloud industry. It's very interesting in what they want to achieve for this project. Generally, the product is good and the idea of this project is relevant. 
July 17, 2019, 01:26:50 PM
Will there be a bounty campaign for Storecoin?
July 17, 2019, 12:33:04 PM
how will you decide the worth of collected data? Why 1 MB = 1 Datacoin?
I think that it depends on demand and rarity, online availability and accessibility and data licensing market value.This is correct. While 1MB of data = 1datacoin, the *price* of datacoin varies from one app to another. In addition, if an app exposes different *classes* of data (similar to say, https://www.experian.com/assets/data-university/brochures/ems-list-services-catalog.pdf) and the buyer wants a *specific* class of data, the price may be different than 1 datacoin for every MB of data. Apps determine how their data is valued and set the price accordingly. 1MB = 1 datacoin holds true if you buy firehose of data from a given app.
- Storecoindev.
July 17, 2019, 12:24:49 PM
I don’t quite understand how to transform data into programmable money. 
I thought that it looks like paid cloud storage, no?There is no *cost* to end users to store their data like in decentralized storage services. If the data created by the users of the "tokenized apps" on Storecoin have value -- meaning, they back apps' datacoins -- then developers, app users, and Storecoin miners will all share the revenue resulting from data trading. While user data is traded, note that any sensitive information will go through context-sensitive anonymization scheme to protect data privacy. The user experience for end users will be similar to using traditional web or mobile applications in that they are *not* responsible for finding storage for their data.
- Storecoindev.
July 17, 2019, 12:17:24 PM
how will you decide the worth of collected data? Why 1 MB = 1 Datacoin?
I think that it depends on demand and rarity, online availability and accessibility and data licensing market value. July 17, 2019, 12:16:47 PM
I don’t quite understand how to transform data into programmable money.
See pages 16-18 for details in our Litepaper.
- Storecoindev.
July 17, 2019, 02:00:35 AM
how will you decide the worth of collected data? Why 1 MB = 1 Datacoin?
July 16, 2019, 09:55:27 PM
marketcap comparison:
0chain:
https://cryptorank.io/currencies/0chain/price-chart
Supply Cap:1.8 M $, Totall Cap:9.0 M$
storecoin:
https://storecoin.com/ppm
Current Cap:$33.50 Million to $43.14 Million
Estimated Year 2029 Market Cap $129.05 Million - $166.19 Million
About 10x bigger than 0chain.
0chain:
https://cryptorank.io/currencies/0chain/price-chart
Supply Cap:1.8 M $, Totall Cap:9.0 M$
storecoin:
https://storecoin.com/ppm
Current Cap:$33.50 Million to $43.14 Million
Estimated Year 2029 Market Cap $129.05 Million - $166.19 Million
About 10x bigger than 0chain.
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