EthStorage Hosted a Meetup, ‘Building the Foundation of Future Web3’ with Harmony and NKN During the SF Blockchain Week

On November 4th, EthStorage hosted a meetup with NKN and Harmony on the topic of Web3. This meetup was held under the theme of ‘Building the Foundation for Future Web 3.0’ as one of the side events of SF Blockchain Week 2022.

SF Blockchain Week is where blockchain startups, enterprise companies, academics, developers, and investors from around the world come together to define the future of blockchain and cryptocurrencies.

The meetup was held to introduce the elements necessary to build Web 3.0 based on current limitations. This topic has received quite a lot of attention from the ETH developers community, so many ETH developers attended and showed a lot of interest in EthStorage.

Qi Zhou, the founder of EthStorage, started the meetup with his talk explaining the limitations of current solutions, such as the limited storage semantics and all decentralized storage solutions having their own ecosystems, which is very inconvenient for existing Web3 users that are already familiar with ETH.

The future Web3 needs to offer rich storage semantics with CRUD on large dynamic data sets programmable by smart contracts. Further, the future Web3 infra should be ETH-compatible like Metamask so that it is easy to use for existing users. Also, the solution needs a decentralized access protocol to access all those dynamic contents in a fully-decentralized way. EthStorage was introduced as a solution to solve such problems of current limitations in Web 3.0.

EthStorage is an Ethereum layer 2 data-retention network to store a large amount of data programmable by smart contracts. In addition, EthStorage defines the web3:// access protocol in ERC-4804 to render those smart contract contents in a fully-decentralized way.

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 from 1% to 0.1%. The low cost of storing large data by EthStorage can enable a fully-decentralized network with rich user content in the future. EthStorage is highly integrated with EVM and is compatible with Solidity, Remix, Hardhat, and MetaMask.

The team member has received grant support from the Ethereum Foundation this year and participated in Ethereum’s research work in the direction of DA. The first version of the EthStorage testnet has gone live and is in an intensive testing phase.

• Website: https://ethstorage.io/
• Twitter: https://twitter.com/EthStorage
• Discord: https://bit.ly/EthStorage_Discord
• Telegram: https://t.me/ethstorage

About Harmony

Harmony is an open and fast blockchain. Its mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees.

• Website: www.harmony.one

About NKN

New Kind of Network (NKN) is a public blockchain that aims to use economic incentives to motivate Internet users to share network connections and utilize unused bandwidth. NKN aims to be a network for building decentralized applications in a way that enhances peer-to-peer data transmission and connectivity.

• Website: https://nkn.org/