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TAPEDRIVE received the noteworthy prize in basically the most up-to-date Colosseum hackathon, a neatly-liked hackathon-cum-mission accelerator started by customary Solana Labs hackathon organizers.
The contest, which I are inclined to take into story as a partial litmus test for what Solana builders are attracted to for the time being, had a noteworthy resolution of stablecoin entries, one organizer urged me. However the noteworthy prize winner took at a stab at a assert inner to Solana: the price of storing data onchain.
Solana is the busiest blockchain in existence as issues stand. With all of this onchain process paired with rapid block instances, it would possibly per chance per chance truly procure costly to retailer data on Solana. Solana co-founder Anatoly Yakovenko and others possess talked about this self-discipline of lowering data storage overhead on the network.
TAPEDRIVE claims to possess the flexibility to read or write data (that is, procure entry to or add it to the chain) 1,400x more affordable than Solana’s blueprint quo.
The program typically bundles Solana data and provides much less costly cryptographic proofs to the blockchain. A network of miners is incentivized to retailer this data the consume of the TAPE token. To accomplish these token rewards, TAPEDRIVE miners clear up data storage challenges in parallel every minute to indicate that they retain their assigned share of the facts archive. This all tranquil relies on Solana’s proof-of-stake mechanism for security.
This sounds harking back to the predominant Colosseum hackathon winner in ORE, which modified into as soon as a viral proof-of-work sport constructed on Solana that had miners clear up puzzles every minute.
