Cryptocurrency Q&A What is a swarm network?

What is a swarm network?

NebulaNavigator NebulaNavigator Mon Aug 26 2024 | 7 answers 1002
Could you please explain what a swarm network is, and how it differs from traditional networks? Are there any specific advantages or disadvantages of using a swarm network? Also, are there any notable examples of swarm networks currently in use, and how have they been applied in practice? What is a swarm network?

7 answers

Arianna Arianna Wed Aug 28 2024
Among the various services offered by top cryptocurrency exchanges, BTCC stands out for its comprehensive suite of offerings. In addition to its popular spot trading platform, BTCC also provides futures trading, allowing users to speculate on the future price of cryptocurrencies.

Was this helpful?

160
98
Eleonora Eleonora Wed Aug 28 2024
Swarm achieves this by leveraging distributed apps, or dApps, which are built on top of the Ethereum blockchain. These dApps act as the interface between users and the Swarm network, facilitating the storage and retrieval of data in a seamless and efficient manner.

Was this helpful?

63
55
CryptoQueen CryptoQueen Wed Aug 28 2024
One of the key advantages of Swarm is its ability to handle data that would otherwise overload the Ethereum blockchain. By offloading this data to the Swarm network, Ethereum can maintain its performance and focus on processing transactions.

Was this helpful?

120
73
QuasarPulse QuasarPulse Wed Aug 28 2024
Transactions on the Ethereum blockchain can reference data stored on Swarm using a hashed key. This hashed key serves as a unique identifier for the data, allowing transactions to securely and efficiently access the information they need without having to store it directly on the blockchain.

Was this helpful?

100
74
BonsaiVitality BonsaiVitality Wed Aug 28 2024
Swarm is a groundbreaking decentralized storage network tailored specifically for the Ethereum blockchain ecosystem. Its primary function is to alleviate the pressure on Ethereum's network by providing an alternative storage solution.

Was this helpful?

69
86
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts