Read State of STORE, a comprehensive update.
STORE is a new layer-one staking protocol.
Everything in bits – images, video, audio, data, code, computing resources, and more – will be represented as tokens and made tradable on public blockchains.
STORE will be the ledger to trace any asset in the world, the cloud to store its off-chain data and run its off-chain compute, and a governance to support any future use case.
With a sound and long-term monetary policy, STORE can provide industry-leading staking returns to network operators.
For Web3 to scale, it needs real-world apps that can scale.
Real-world apps need run-time compute and storage resources to scale. They need the cloud. Web3 apps relying only on blockspace don’t have enough computing resources.
STORE sees a Web3 where 5-10% of computing is on-chain accessing blockspace while the rest is off-chain leveraging high-performance cloud. The key for Web3? Both on-chain and off-chain computing need to be trust-minimized.
STORE is this trust-minimized computing infrastructure.
STORE introduces new metrics to trust-minimize cloud computing including the cost-to-attack the cloud, the breakeven price to mint a $STORE token, and the price of storage and compute resources in units of $STORE (bits).
STORE Cloud is operational in 7 data centers, can scale horizontally
STORE delivers low cost, high performance, and trust-minimized computing infrastructure for Web3 that advances innovation for the entire industry.
Co-creators Rag and Chris have been building together for nearly a decade. Project founders vest for 8 years. Advisors are hands-on, strategic, and have years of experience in crypto, cloud, data, governance, and financial markets. STORE Labs, Inc. and its future Foundation have committed to investment-grade regulatory and global tax compliance.
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.png){kind=small}
.png)
.png){kind=small}
.png)
.png){kind=small}
Once STORE launches a test network for its Second Governance, the $STORE asset will be governed by checks and balances between the STORE Foundation, staked Miners, and staked Voters.
STORE is secured by Cloud Markets of 17 Miners each. There can be unlimited Markets on STORE. Each Market competes against other Markets for developer business but work together to defend each other against attacks. Markets have their own ⅔ supermajority governance (+67%).
Markets scale STORE horizontally, unlocking unlimited use cases for decentralized compute. Trust-minimization and the cost-to-attack STORE both increase as Governance adds more Markets.
