We often call blockchain the trust machine, but the reality might be more sobering than you imagine — the NFTs, DApp interfaces you interact with, and the so-called "immutable" on-chain certificates, in fact, over 90% of the data are stored on some centralized servers.
What is truly stored on-chain is often just an address indicating "where the data is."
It's like you have a property deed, but the house itself is built on someone else's land. If the server crashes, content is deleted, or the company disappears, your so-called "digital asset" becomes a blank check.
This is not a technical bug; it is the fundamental contradiction of the entire decentralization ideal.
Now, some projects are trying to break this deadlock, aiming to build a truly decentralized data infrastructure for blockchain. They avoid touching smart contracts or running yield farms, focusing solely on one thing: making massive data sets (AI training data, 4K videos, application code) verifiable, traceable, and censorship-resistant, just like Bitcoin.
How do they do it? The approach is actually quite clever:
**Step 1: Data does not go on-chain** Transactions handle transaction processing, and high-speed blockchains like Sui continue doing what they excel at — recording ownership and handling interactions. The data itself is sliced and encrypted using erasure coding techniques, dispersed across a global network of nodes.
**Step 2: The chain becomes a notary** The on-chain data does not store the data itself, only "data fingerprints," commitments from storage nodes, and real-time proofs of availability. Any application can verify data integrity and accessibility at any time.
**Step 3: Data becomes programmable** Storage and retrieval are no longer black boxes; applications can combine different data sources to create new value. This is what a decentralized infrastructure should look like.
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StablecoinSkeptic
· 01-09 23:19
Building a house on someone else's land—this analogy is perfect, the truth is finally revealed.
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RumbleValidator
· 01-09 18:56
90% of the data resides on centralized servers. This is not a bug but a design flaw, and it must be acknowledged. Erasure coding combined with decentralized nodes is a reliable approach, but data fingerprinting and proof of availability are the key to solving the problem.
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StakeOrRegret
· 01-07 07:51
The property deed is on someone else's land, this analogy is perfect, we've all been deceived.
View OriginalReply0
ContractTester
· 01-07 07:46
Haha, building a property deed on someone else's land is a perfect analogy. We've all been fooled.
True decentralization still relies on things like erasure coding; otherwise, blockchain is just centralized with a different appearance.
I understand the logic of data fingerprinting now. Finally, someone is seriously working on this.
After reading this, 99% of NFT projects should reflect on themselves. Right now, they're all just air.
Turning the chain into a notary office is a good idea, but whether the node network is stable or not is the key.
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WhaleWatcher
· 01-07 07:42
Damn, having a property deed built on someone else's land is an absolute metaphor.
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In simple terms, the entire Web3 is just self-deception; 90% of the data is still centralized.
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Finally, someone has pierced through this facade. When this thing explodes,
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The idea of data fingerprinting is much smarter than directly putting it on the chain.
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The problem is, how many projects can really implement this? Most likely just PPTs.
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The ideal of decentralization collides with reality, turning into a decentralized scam.
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Hey, this plan sounds a bit promising, but whether to trust it or not, we'll see after it goes live.
View OriginalReply0
LootboxPhobia
· 01-07 07:34
The property deed is on someone else's land, that's a perfect metaphor!
View OriginalReply0
ImpermanentTherapist
· 01-07 07:33
The property deed is on someone else's land, this analogy is perfect.
We often call blockchain the trust machine, but the reality might be more sobering than you imagine — the NFTs, DApp interfaces you interact with, and the so-called "immutable" on-chain certificates, in fact, over 90% of the data are stored on some centralized servers.
What is truly stored on-chain is often just an address indicating "where the data is."
It's like you have a property deed, but the house itself is built on someone else's land. If the server crashes, content is deleted, or the company disappears, your so-called "digital asset" becomes a blank check.
This is not a technical bug; it is the fundamental contradiction of the entire decentralization ideal.
Now, some projects are trying to break this deadlock, aiming to build a truly decentralized data infrastructure for blockchain. They avoid touching smart contracts or running yield farms, focusing solely on one thing: making massive data sets (AI training data, 4K videos, application code) verifiable, traceable, and censorship-resistant, just like Bitcoin.
How do they do it? The approach is actually quite clever:
**Step 1: Data does not go on-chain**
Transactions handle transaction processing, and high-speed blockchains like Sui continue doing what they excel at — recording ownership and handling interactions. The data itself is sliced and encrypted using erasure coding techniques, dispersed across a global network of nodes.
**Step 2: The chain becomes a notary**
The on-chain data does not store the data itself, only "data fingerprints," commitments from storage nodes, and real-time proofs of availability. Any application can verify data integrity and accessibility at any time.
**Step 3: Data becomes programmable**
Storage and retrieval are no longer black boxes; applications can combine different data sources to create new value. This is what a decentralized infrastructure should look like.