Announcing Machina. Introducing the first Proof-of-Stake storage solution on NEAR.
Machina, the sharded data storage project created in collaboration with NEAR, Aurora, and online security protocol HAPI, is launching on NEAR to revolutionize how data is stored. The Machina team, which received a grant from NEAR Foundation, chose NEAR because of the simplicity and ease of writing code and deploying/testing Smart Contracts, as well as to take advantage of its carbon neutral, proof-of-stake blockchain.
Designed to provide scalable, cost-efficient, and immediately retrievable information on-chain, Machina uses the unique sharding properties of NEAR’s Nightshade to scale up the data stored proportionally to the number of validators joining the network. Entities using Machina’s storage are not tied to any specific payment model of any particular currency or asset. Instead, storage payment is deducted in stablecoins, which ensures that developers and users alike have an easier time dealing with fees.
Machina will use file-based storage, storing every transaction directly into it, removing the runtime needed to trigger the retrieval or uploading of data. The platform makes on-chain data accessible on-chain, along with all of blockchain’s security measures like consensus and decentralization. This will help usher in a new era of smart contract development.
By instituting a reliable, immediately retrievable, and always-online on-chain storage solution, Machina can be used by both NEAR apps — with the help of EVMs such as Aurora — and Solidity-based Smart Contracts on Ethereum. Beyond storing data, Machina allows dapp teams to query data and retrieve it without any off-chain requests, meaning Web 3 has a new tool for mass adoption.
Data, done differently
Unlike other proposed solutions of decentralized data storage, like Arweave, Storj, and Filecoin, Machina doesn’t use an energy-intensive proof-of-work protocol to validate or inversely invalidate the integrity of data. Instead, it leverages NEAR’s Nightshade sharding, allowing Machina to scale as more players join the network.
“The implementation of sharding on NEAR is crucial to set out a new standard for on-chain immutable storage,” says Dona Mara, CEO of Hapi. “Machina acts as a separate shard within the NEAR Blockchain.”
“This means that any dapp built on NEAR can communicate with Machina including storing and querying data. Interoperability is possible with NEAR nodes being installed in the blockchain that you want to interoperate with. Moreover, Rainbow Bridge might be of help in facilitating that.”
Storage, without the gas
“We will be able to completely remove gas as a concept and not require attaching anything to the transactions,” says Alex Shevchenko, CEO of Aurora. “To allow storing of huge amounts of data we can charge different fees depending on when the last time the given data was accessed.
The Machina storage network is currently slated for a Q4 2022 launch.
About Machina
Join Machina’s community:
Twitter: https://twitter.com/machina_storage
Website: https://machina.storage
About NEAR
NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Join NEAR’s community:
Discord: https://discord.com/invite/UY9Xf2k
Twitter: @NEAR_Blockchain & @NEARProtocol
