The IT decentralization topic is a common one that is being addressed by the Blockchain and crypto community, and by top blockchain protocols, such as Ethereum, Polkadot, BinanceSmart Chain, as they’re all facing the same challenge: How can they escape the monopolies of centralized cloud providers for their own workloads, as well as for the dApps built on top of them.
An example to illustrate this challenge, that has been brought to light within the ETH community, is the fact that 60% of Ethereum nodes run on centralized cloud providers and 25% of them run on AWS, and Uniswap (top Ethereum DEX) also runs heavily on a centralized cloud provider.
The topic is being addressed by not being solved on a large scale, but ThreeFold can play a large part in solving it.
here are some of the use cases:
1) For Node operators: Any full node or Validator node can run on ThreeFold’s P2P cloud, making that particular Blockchain even more community-owned, and more decentralized from an IT/cloud level, As any node operator can choose to run those nodes from any farmer location on The ThreeFold grid, totally peer-to-peer between the chosen farmer and the node operator. the deployed workloads are computed in a P2P manner. No middle party involved. ( unless you want to do it locally)
2 For dApp developers: Web3/ Blockchain developers can use ThreeFold’s P2P cloud - P2P compute and P2P Storage - to build and power their applications in decentralized cloud infrastructure, making both blockchain-native and cloud-native. Speaking of cloud-native, a good advantage here is that you have the power to leverage Kubernetes, Docker containers, S3 storage, and other cloud-native tools ( Part of the ThreeFold product suite) to power and optimize your data processing capabilities, as well as the overall functionality of your dApp, but the sweet spot, is that it is deployed on a decentralized IT infrastructure, close to where your users would be located.
In a nutshell, any Blockchain protocol and dApp, whether operating DeFi, NFTs, DEXs, Social, etc… will have to leverage at some point, the power of the decentralized cloud and escape from centralized cloud providers. We’re seeing some of that adoption from a decentralized storage side with IPFS, which has been adopted by many dApps, which is great, but as a developer, you will have to think twice also, besides where your/your users’ data are being stored, but also about how ( and where) your app is computed and powered.
What other Blockchain-related use-cases would you like to see run on the ThreeFold P2P cloud?