The Importance Of Gold Reserves: A Brief History
Over the course of history, different commodities have transformed economies and the ideals of commercialism and mercantilism. The California Gold Rush of the early 1850’s ushered in an economic zeitgeist of opportunism, in fact, over 300,000 people flocked to California from throughout the United States after John W.Marshall discovered gold at Sutter’s Mill to obtain a portion of this precious commodity. During the early 20th century an exponential increase of gold reserves occurred due to President Franklin D. Roosevelt’s controversial executive order in 1933 dictating that Americans must sell their coins for bank notes. The United States needed larger vaults to store the immense amount of gold reserves due to this executive order and thus, The U.S. Bullion Depository, commonly known as Fort Knox, was born; Fort Knox holds approximately 2% of all the gold ever refined throughout human history.
Data: The Great Successor To Gold
Data Is A Precious Commodity Indeed
In the 21st century, gold is still a precious commodity sought after by investors, entrepreneur’s and households as a reliable store of value and as a precious metal with various use cases. With the rise of the internet, the most precious commodity of our century will not be categorized by precious metals, but by something ever-more valuable than gold, data. There are over 2.5 quintillion bytes of data created each day and with the accelerating growth of the IoT, this number is poised to rise exponentially. Since 2016, over 90% of the world’s data has been generated; every two days we create as much information as we did all throughout our civilization’s history up to 2003. The blockchain, an innovation that was created to store financial transactions, identity records, land registry, government data and educational records, was born in 2008 with the creation of Bitcoin by Satoshi Nakamoto. Now, in 2018, a revolutionary way of storing data has been conceived within China and this innovation within the data storage sector of industry is known as the Sharder Protocol.
What Is The Sharder Protocol, The Revolution in Data Storage Solutions?
The Sharder Protocol is a cross-chain distributed storage protocol; an innovation where independent blockchains can leverage the Sharder Protocol’s technology to store their data efficiently. Simultaneously, the Sharder Protocol provides the ability for Dapps to be built on it’s platform, a massive utility that other competitors such as Siacoin and Storj have yet to leverage. The Sharder Protocol has a mining time of approximately 10 seconds to around 2 minutes, whereas Siacoin, arguably the most known data storage solution in the cryptocurrency space at this moment, has a mining time of a half hour. The Sharder Protocol not only has the fastest mining time of all the different storage protocols, it is the only cross chain data storage solution where different blockchains such as Qtum, Ethereum, Bitcoin, Litecoin, Dash etc can all use Sharder as a way to assist in data storage. To connect Sharder to Fort Knox, as gold reserves continued to rise thus creating larger gold vaults, the incumbent need for a more efficient and “larger” data storage solution is needed for blockchain to thrive; the Sharder Protocol is the answer to that dilemma. The Sharder Protocol not only assists in the storage of data, but it is the only entity within the data storage solution sector that enables Dapps to be built on it’s platform and it already has four different Dapps operating on it’s platform! Dapps such as One Fair, which is a peer-to-peer free market based on the Sharder Chain & Sharder Protocol, enables individuals who use the network to be rewarded with Sharder Tokens for allowing the Sharder Network to utilize idle storage space on a person’s computer. These Sharder Tokens can then be used on One Fair to purchase data and will also enable users to trade digital assets and send information with one another! Bean Cloud, another Dapp built on the Sharder Protocol, will store data such as payment records and e-contracts and can be leveraged and utilized throughout various sectors of industry, including banks and e-commerce services! The third application built on the Sharder Protocol is the Sharder Matrix, a Dapp that has the ability to store personal data such as biological data, DNA records, medical records, diagnostics and growth logs. Lastly, but surely not least, is the Sharder Brain; not only is Sharder Protocol a data storage solution for blockchains and is it’s own individual blockchain (did I mention Sharder is open source on github), Sharder is an AI intelligence platform as well! The Sharder Brain is an intelligent data service protocol aimed at various different enterprises that wish to utilize data security, data distribution adjustments, data analysis, data search and data alert services for their own organizations. It is clear that Sharder is poised for greatness in the future as China’s and the world’s data storage solution for the blockchain!
The Sharder Cryptocurrency: The Massive Utility Of The Token
The SS Token Has Multiple Functions Within The Sharder Ecosystem
When an individual invests in a cryptocurrency, one must ask themselves, what is the utility of the token or coin I am investing in? Well, the immense utility of this token is unprecedented compared to other blockchain data storage solution cryptocurrencies. Sharder will also allow consumers to purchase Sharder Boxes or Sharder Hubs, which are hardware devices that reward individuals for sharing data with the Sharder network, this reward is paid in Sharder Tokens, the cross-chain storage data solutions native token. The Sharder Boxes and Hubs provide passive income for any individual who purchases the hardware!!!!! The Sharder multi-chain protocol will enable individuals to exchange value with other blockchains using the Sharder Token as a medium of exchange between blockchains. Self interest is the lever that moves most people and the Sharder Token acts as an incentive in the Sharder ecosystem to reward nodes that contribute to the network. The Sharder Token is also used to penalize malicious nodes and to add, the Sharder Token is the anchoring token within the Sharder ecosystem. Sharder Tokens are also used for purchasing storage space and for rewarding those who provide their own storage to the Sharder network. The Sharder Token is the cryptocurrency that will be used to make purchases on the Dapp One Fair, tradeable items on One Fair include data storage, digital assets and valuable information. Those who provide storage space to the network will be rewarded with Sharder Tokens. When the Sharder market becomes active, nodes can earn rewards for providing their own services such as independent data indexing services for example, guess what these rewards will be paid in, Sharder Tokens! With a max supply of only 500 million tokens, compared to Siacoin’s nearly 36 billion in supply, it is clear that the rarity of these Sharder Tokens will become more and more evident as more enterprises, individuals and organizations use the Sharder Protocol as their go to data storage solution. Siacoin’s market capitalization once peaked at approximately 3 billion dollars without the ability for cross chain interoperability and dapps to be built on this platform. If the Sharder Protocol are successful in their vision and goal to create the go to global data storage solution of one of the most innovative technologies of the 21st century, blockchain, we can presume what this cryptocurrencies total market capitalization can achieve in the future!
China: A Data Powerhouse
China is one of the largest data centers on the entire planet. To add, China is one of the largest economies in the world and is set to possibly become the largest economy in the middle of the 21st century. Due to this increase in actual output in China and more broadly, our world, a surge of data output will occur and will continuously rise at a rapid pace as an ever changing civilization and a completely computerized humanity will require more storage for data due to the internet’s inevitable onslaught. As this onslaught occurs, Sharder will be there as the go to storage solution for blockchains and enterprises. Data is the new gold and Sharder is the harbinger of the upcoming revolution in data storage solutions!
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Disclaimer: Cryptocurrency investing requires substantial risk, do not invest more than you can afford to lose! I am not a financial adviser and I am not responsible for any of your trades. I am an investor of Sharder Token and the information within this article represent my own thoughts and opinions. It is incumbent that you always do your own research before investing in anything!