Subspace. The future of Web3
Introduction
Subspace runs on layer 1 4th generation blockchain, created to solve the problems of ecology, centralization and lack of scalability.
These problems are solved by the new implementation of Proof-of-Capacity (PoC). Since it is impossible to store huge amounts of data indefinitely, sooner or later something will have to be sacrificed: decentralization or “quality” of data. Subspace believes that its analogues do not solve these problems at all: some are too centralized, some are not scalable.
Solutions
Subspace operates on a consensus proof-of-archive-storage (PoAS) basis. Consensus members store as many unique segments of blockchain history as their disk space allows and they operate as a single distributed archive node. There is no need to store the entire blockchain history on a single hard drive, thanks to Subspace technology, the entire amount of information can be broken down into individual fragments.
Subspace proposes to separate consensus and computation. It looks like this: the farmer collects potentially valid transactions together and sends them for verification and completion to the performer, who maintains the holistic state of the blockchain. The farmer and the executor then share the reward for processing the transaction.
Bakers
Conclusion
In summer the project will conduct a stress test, and right now you can participate in the stress test. The project looks very interesting and I hope you will not miss this chance. I wish success to all!
