Dr. Qi Zhou Participated In SFBW BNB Chain’s US Innovation Day And Introduced EthStorage
On October 30th, Dr. Zhou, the founder of EthStorage, who was invited by Foresight Ventures, participated in the 1st US Innovation Day hosted by BNB Chain. He introduced the features of EthStorage to the BNB Chain US team, Foresight Ventures US Team, and other VCs.
BNB Chain is one of the largest smart contract blockchains in the world. The ecosystem has over 1400 active dApps. Since its launch in 2020, BNB Chain has processed over 3 billion transactions from 163 million unique addresses. EthStorage, which is highly integrated with EVM, can support BNB Chain by nature. Thereby EthStorage can have broader scenarios.
The rapid development of the current Web3 industry brings lots of potential problems, especially storage solutions. Based on his years of experience in the Web3 field, Dr. Zhou proposed his own solution — EthStorage. In his speech, he mentioned that the recent growth of decentralized applications such as DeFi, NFT, and GameFi has dramatically created attention to and discussion of Web3. One key feature of Web3 is decentralized compared to the current Web2, which is controlled by a few centralized companies such as Facebook, and Google. However, when 99% of the users interact with the blockchain, one critical problem shows up: the dApp servers / node service providers are centralized. To solve this problem, Dr. Zhou proposed a solution for the future of Web3: an End-to-End Fully Trustless Decentralized Web. He mentioned that EthStorage, which focuses on solving Ethereum’s dynamic storage problem, can provide a layer-2 solution of programmable storage at a lower storage cost based on the data availability (DA) technologies of Ethereum.
The team has received grant support from the Ethereum Foundation this year, and participated in Ethereum’s research work in the direction of DA. Currently, the first version of the EthStorage testnet has gone live and is in an intensive testing phase.
About EthStorage
EthStorage is a layer 2 solution that provides programmable dynamic storage based on Ethereum’s data availability. EthStorage will greatly reduce the storage cost of storing a large amount of data on Ethereum, saving the cost to 1% to 0.1%. The low cost of storing large data by EthStorage can better enable a fully decentralized network in the future. EthStorage is highly integrated with EVM and is compatible with Solidity, Remix, Hardhat, and MetaMask. The team received a research grant from the Ethereum Foundation for data availability research.
- Website: https://ethstorage.io/
- Twitter: https://twitter.com/EthStorage
- Discord: https://bit.ly/EthStorage_Discord
