Swarm Foundation, which works on decentralized storage and sharing of data, announced Swarm 2.0. Designed to provide users with a more powerful and free digital experience, Swarm 2.0 offers many revolutionary features, including Price Oracle and seamless network stability.
Today, data is routed through a central server operated by a company that can read and change the rules at will. In contrast, to popularize open source software, programs that have access to a common hard disk are needed to store data that must be modified and accessed by more than one person. In this context, Swarm contributes to this goal by offering a decentralized storage opportunity. Swarm Foundation, which has been continuing its activities in this direction since 2021, plans to take its work one step further with the Swarm 2.0 update. Setting a new bar in network reliability, the update combined with uptime, remarkable scalability, and UL/DL speeds that are poised to increase in the future have resulted in a tenfold growth in the network in 2023 alone.
Polygon and ESA joined the Swarm ecosystem
ESA and Polygon Village have joined the Swarm ecosystem to enable and promote the private and open use of data. This participation showed that Polygon, one of the largest blockchains in the world, and the European Space Agency Phi Lab (ESA) are aware of the value these updates provide. In addition, Swarm 2.0, with the services it offers, not only with Polygon Village and ESA; It also laid the groundwork for important collaborations with many organizations such as Kiwix, Streameth, Dappnode and Etherna.
Price Oracle stands out as the first example of its kind
On the other hand, the Price Oracle system, one of the features offered by Swarm 2.0 and launched in November 2023, draws attention as the first example of its kind. The system, which works based on supply and demand, provides a more equitable service to its users by adjusting Swarm’s storage prices in real time in an automatic, fair, transparent and equitable manner.
Another feature offered is Eraser Coding (EC) which provides data accessibility service. Eraser Coding, which stands out as one of the biggest improvements of the Swarm network, guarantees data accessibility, including disaster situations in the network.
Swarm Foundation will focus on strengthening the network and supporting a community-centered development model by moving into the production phase in the coming period. This approach will allow Swarm to be shaped by users.
On the other hand, decentralized artificial intelligence emerges as one of the key strategic points. Swarm also has a very important position in this field. Because Swarm’s technology architecture provides many more possibilities compared to other solutions. Additionally, with ongoing efforts around “The Great Data Upload” and Swarm’s public interest efforts, decentralized AI is heading to an even stronger point.
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