Sinovate Decentralized Cloud Storage With Deterministic Infinity Nodes

Decentralized cloud storage platform Sinovate is developing its own in-house blockchain technology known as Deterministic Infinity Nodes (DIN).

The potentially new tech works in unison with Incorruptible storage (IDS) to create a consensus system with security levels.

Market growth and unsustainable solutions
The storage industry is projected to exceed $80 billion in the next 4 years as a result of the rise of mobile devices, the app market, and growth across Blockchain IoT, AI, and e-commerce. The market is split between mainstream providers (Amazon, Microsoft) and the new, more technically secure blockchain-backed (Storj, Filecoin) dCloud alternatives.

Mainstream cloud data providers are struggling with consistent data breaches, exposing a whole range of sensitive information (logins, passwords, IP addresses), while some blockchain alternatives face problems with token inflation.

What is Sinovate?
It is a (SIN) decentralized cloud storage platform that offers a potential solution to these ongoing problems. Its decentralized storage network is backed by Deterministic Infinity Nodes (DIN) which interact with Incorruptible storage (IDS), through a novel protocol called bFTP (blockchain-based File Transfer Protocol).

Masternodes bs. Infinity nodes
Masternode networks support many other dCloud projects but most still suffer from issues with inflation. Although the (initial) high rate of return for Masternodes projects is attractive to investors, this leads to inflation, reducing the incentive for a user to continue to maintain a node as the token falls over time, negatively affecting the network.

The company’s Deterministic Infinity Nodes reduce inflation and promote network growth through its Infinity Nodes. It use a Proof of Burn (PoB) feature, burning a specific amount of SIN across the 12 month node lifespan. This counters inflation by reducing the amount of SIN in circulation, and creates a new proof of transaction type called BurnTx.

Legacy Masternode-based networks are susceptible to vulnerabilities and attacks which can result in reward stealing and node instability. Infinity nodes solve the new deterministic algorithm: lock/reward and PoB to bring provably fair deterministic rewards, with bulletproof stability, and network stability.

DIN 1.0 hard fork
On November 21, 2020, the company concluded a hard fork bringing online its Deterministic Infinity Nodes (DIN) 1.0, at block 550,000. The network will consist of more than 1,800 DIN that will bring more storage capacity to the network. There are already over 1,400 nodes running on the network with expectations of 5,000 nodes in 2021.

DIN uses a deterministic score system based on Schnorr Signature to retrieve that data from IDS. bFTP allows the user to re-authenticate to any of the nodes that hold a copy of the stored data using the deterministic ‘score’ algorithm.

Incorruptible storage
IDS is being developed carefully to allow a fully secure and reliable network for a worldwide decentralized Cloud (Cloud 3.0). This demands the development of a variety of technical features. The first step of IDS will be delivered in 2Q21 which will give the possibility to use the functionality ‘DataStore’ for saving your file in the DIN of the blockchain, send mails with a blockchain-based mailing system or write to your friends in a secure and anonymous way with SIN Mobile messenger.

The company will go beyond to provide security, decentralization, and efficiency by updating the blockchain to the Bitcoin core 0.21 and by delivering a 4th gen of Proof-of-Stake (PoS4) built in-house that will allow adding passive incomes alongside DIN and the HCO program.

To infinity and beyond
Exponential growth in numerous data-centric markets and the rise of mobile devices has exposed a severe lack of a viable long-term solution for the world’s future storage needs. Blockchain-based dCloud platforms do address some of the security failings of their mainstream counterparts, but many face questions of token inflation.

The firm‘s decentralized infinity node architecture and incorruptible storage underlayer provide an incredibly secure foundation upon which new companies can be built, and its Proof of Burn feature offers both an answer to network sustainability and inflation while offering everyone involved a chance to benefit for being a part of its future vision for decentralized data.

Blockchain developers
The company‘s rise in the dCloud industry is largely thanks to its blockchain developers Xuantan Nguyen (Xtdev) and Giacomo Milligan. (Giaki3003/SINTOSHIS)

Xtdev is a highly experienced big data and data mining specialist. He is also the innovator of Deterministic Infinity Nodes and one of the lead developers and Master Sinovactors of SIN.

Giaki3003 is the second lead developer on the firm’s team and fellow Master Sinovator. He is also an experienced blockchain core developer, as well as Innovator of the upcoming PoS4 custom proof-of-stake algorithm, and hybrid consensus.

Together they make an experienced and highly skilled duo and creators of the technical evolution that is Sinovate.

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