HDX HDX / TTI Crypto
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What is HDX?
This digital asset powers a decentralized storage network designed to address the limitations of traditional cloud storage. It aims to provide a more secure, cost-effective, and censorship-resistant alternative by distributing data across a global network of nodes. Users can earn HDX by contributing their unused storage space, while others can pay in HDX to store their files. The underlying technology leverages sharding and advanced encryption to ensure data integrity and privacy. Its consensus mechanism, a variation of Proof-of-Stake, incentivizes network participants to act honestly and maintain the network's reliability. By enabling peer-to-peer data storage and retrieval, it seeks to democratize access to digital storage and reduce reliance on centralized entities, thereby mitigating risks of data loss, breaches, and unauthorized access. This decentralized approach fosters greater user control and ownership over their digital assets.
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