EthStorage Founder Qi Zhou, Together with Foresight Ventures, Attended Devcon and Delivered a Speech titled “On the Future of Web3 — Paving the Way to End-to-End Fully-Decentralized Web”
The Ethereum Devcon 6 was held in Bogota, Colombia, from October 11th to 14th, 2022. Hosted by the Ethereum Foundation, this conference aimed to improve the community’s understanding of decentralized systems, and spread decentralized protocols, tools, and culture to the world.
Dr. Zhou, the founder of EthStorage, was invited to attend the conference and delivered a speech titled “On the Future of Web3 — Paving the Way to End-to-End Fully-Decentralized Web” on October 14th. In his speech, he mentioned that the recent growth of decentralized applications such as DeFi, NFT, and GameFi has dramatically created attention to and discussion of Web3. One key feature of Web3 is decentralized compared to the current Web2, which is controlled by a few centralized companies such as Facebook, and Google. However, when 99% of the users interact with the blockchain, one critical problem shows up: the dApp servers / node service providers are centralized. To solve this problem, Dr. Zhou proposed a solution for the future of Web3: an End-to-End Fully Trustless Decentralized Web. He mentioned that EthStorage, which focuses on solving Ethereum’s dynamic storage problem, can provide a layer-2 solution of programmable storage at a lower storage cost based on the data availability (DA) technologies of Ethereum.
The team has received grant support from the Ethereum Foundation this year to help Ethereum carry out research work in the direction of DA. Currently, the first version of the EthStorage testnet has gone live and is in an intensive testing phase.
About Foresight Ventures
Foresight Ventures is dedicated to backing the disruptive innovation of blockchain for the next few decades. We manage multiple funds: a VC fund, an actively-managed secondary fund, a multi-strategy FOF, and a private market secondary fund, with AUM exceeding $400 million. Foresight Ventures adheres to the belief of “Unique, Independent, Aggressive, Long-Term mindset” and provides extensive support for portfolio companies within a growing ecosystem. Our team is composed of veterans from top financial and technology companies like Sequoia Capital, CICC, Google, Bitmain and many others.
Website: https://www.foresightventures.com
About EthStorage
EthStorage is a layer 2 solution that provides programmable dynamic storage based on Ethereum’s data availability. EthStorage will greatly reduce the storage cost of storing a large amount of data on Ethereum, saving the cost to 1% to 0.1%. The low cost of storing large data by EthStorage can better enable a fully decentralized network in the future. EthStorage is highly integrated with EVM and is compatible with Solidity, Remix, Hardhat, and MetaMask. The team received a research grant from the Ethereum Foundation for data availability research.
Website: http://ethstorage.io/
