Spacebyte price

SPAB

SpaceByte is a decentralized physical infrastructure network (DePIN) focused on revolutionizing the way digital data is stored, secured, and accessed. By leveraging blockchain technology, SpaceByte creates a distributed cloud storage solution that offers a robust alternative to traditional, centralized cloud providers. The platform connects users seeking secure storage with a global network of node operators who provide excess hard drive capacity, creating a peer-to-peer marketplace for data.

The protocol ensures data redundancy and privacy through advanced sharding and encryption techniques, meaning files are split, encrypted, and distributed across multiple nodes. This architecture eliminates single points of failure and ensures that data remains accessible and censorship-resistant. SpaceByte aims to serve the growing demand for storage in the Web3 ecosystem, supporting everything from personal archives to enterprise-grade backups and dApp data hosting. The project’s native utility token incentivizes node operators to maintain high uptime and bandwidth while allowing users to pay for storage services in a transparent, permissionless manner.