Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam BackOnchain storage can address centralized vulnerabilitiesVanar’s new blockchain storage solutions can address the centralization vulnerabilities of the industry, according to Vanar Chain’s CEO.“What happened with Nike’s NFTs and the AWS outage shows the risk: if the server fails, the asset effectively disappears,” Ashraf said, adding:“By embedding the data itself, or even the meaning of the data, into the blockchain, assets become truly trustless, permanent, and verifiable without depending on third parties.
Neutron is a “world first” which “handles both physical file compression and semantic compression, meaning it compresses not just the file itself but the meaning inside it,” Jawad Ashraf, CEO of Vanar Chain, told Cointelegraph:“This unlocks entirely new possibilities: from simply storing a file fully on-chain without relying on third parties, to querying and verifying the actual information inside the file.”“It finally delivers on one of blockchain’s biggest promises: trustless, verifiable data, made truly accessible,” he added.
Source: Vanar ChainRelated: Bunq, Europe’s second-largest neobank, expands into crypto“For solutions like Nuklai’s Nexus, this is an important evolution,” according to Matthijs de Vries, CEO of Nuklai, a blockchain layer 1 and collaborative data marketplace for AI development and large language models.“It enables us to work directly with fully onchain, trustless data streams, minimizing external dependencies and unlocking much deeper, verifiable intelligence extraction,” de Vries added.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Vanar Chain tackles AWS-style outages with AI-powered data storage" has 473 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Vanar Chain tackles AWS-style outages with AI-powered data storage" was covered 14 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 33 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
