Ethereum [ETH] announced Swarm client v0.3 – What is Swarm? Swarm Coinmarketcap

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Ethereum [ETH] announced Swarm client v0.3 – What is Swarm?

Ethereum Network recently announced the release of Swarm client v0.3, the third proof-of-concept release [POC3] of the Ethereum Swarm client. Swarm 0.3 has been deployed to the public Testnet.

Swarm is a service that provides APIs to upload and download content to the cloud and through URL-based addressing which offers virtual hosting of websites and decentralized applications [Dapps] without web servers.

It is an essential base layer service of the Ethereum Web3 stack. The objective behind Swarm is a peer-to-peer storage and servicing solution that has zero downtime, fault-tolerant, and censorship-resistant, and self-sustaining due to a built-in incentive system.

There are two major characteristics that set Swarm apart from other decentralized distributed storage solutions:

While existing services like BitTorrent and Zeronet allows the user to register and share the content that they host on the server, Swarm provides hosting as a decentralized cloud storage service. There is a good sense that one can’t just ‘upload and disappear’. The uploaded content on swarm can be retrieved later, all potentially without a hard disk.

The other significant feature is the incentive system. Incentive system solves the coordination problems of decentralized consensus in computation and state, in which it allows programmable rulesets for communities, networks, and decentralized services. This is done by implementing transparent self-enforcing incentives.

Swarm 0.3 Upgrade includes some new and experimental features like:

PSS: Postal Service over Swarm- a messaging protocol.

Mutability: Content is addressed by its digital fingerprint [hash] this feature is still undergoing changes.

Fuse support: Enables users to integrate Swarm data directly into their local file systems [only on Linux and Mac].

Encryption support: Built-in encryption allowing for secure uploads of private data.

In regard to the past year’s work, the Ethereum blog mentions:

“In the past year, the Swarm team has grown in size and is now on fire delivering the vision. We have been busy redesigning the network layer, rewriting the retrieval protocol using a stream abstraction. POC3 code was finalised just in time for the Swarm Orange Summit in Ljubljana, where we had 80 participants and a very inspiring and creative week of talks and coding. It is inspiring to see a growing number of contributors and companies that want to build on swarm.”

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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

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