blockchain in practice - part 3

storing data

on a blockchain?

@bartroorda - 13 juni 2018 - border sessions

1. bitcoin

only hashes

references only

not real data

OP_RETURN {80 bytes of data you want}
OP_RETURN {80 bytes of data you want}

80 bytes?!

how to store a PDF then

+

  • you have proof of existence
  • secured in strongest blockchain
  • it works

-

  • bit expensive
  • only PoE

2. ethereum

gas price per transaction

based on data

easy to store state

not for full documents

example

VotingContract {
  votesForAlice: 0,
  votesForBob: 5,
  votesForCharles: 20,
  photoOfVotingSheet: ipfs://img.png
}

small data

3.

decentralized storage

decentralized storage

  • Using blockchain as incentive system
  • Using blockchain as security system
  • Uses distributed storage space off-chain

examples

of decentralized storage

examples

of decentralized storage

As alternative to "everything in a blockchain":

  • Peer to peer file storage
  • A distributed database

reasons

of decentralized storage

  • Efficiency (store it a minimum amount of times)
  • Economic (a market place for storage appears)
  • Safer (data is not stored at one party)

source & creator of diagram: protoslides

2

 

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Storing data on a blockchain

By Bart

Storing data on a blockchain

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