ICP’s storage upgrade and why it is significant
DFINITY is preparing to roll out the updated blob storage service as part of the Caffeine Phase III upgrade which is targeting early October. Blob storage will let apps store large files like photos, videos, and documents directly on chain at a fraction of today’s cost. Dominic Williams has shared a target of about $0.025 per GB per year while AWS S3 Standard costs around $0.276, Wasabi is $0.084, Backblaze B2 is $0.072, and Storj is $0.048. That means even the cheapest decentralized option is still almost double ICP’s projected price. The model is straightforward, app logic and metadata stay in canister memory and bulk files move to blobs which are immutable, automatically cleaned up when no longer needed, and inexpensive to maintain. With pay for usage and ICP Ninja integration developers will be able to launch and update millions of apps at scale without draining cycles. This upgrade does not just cut costs, it also strengthens decentralization and automatic data integrity. If DFINITY hits the October timeline, ICP could quickly become one of the most competitive storage platforms across both Web2 and Web3.
Here is the link for anyone that is interested.
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