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Blockchain stores a large amount of data, but the bloat is only growing.
About a year ago, Nirvana Labs released a cloud product. We have pledged to encrypted computing services that could potentially lower Amazon Web Services and Google Cloud (industry computing resident) by price.
Currently, Nirvana has raised another $6 million in funding for the Seed Extension, co-led by Jump Crypto and Crucible Capital, and LightSpeed is something he has learned exclusively. RW3 Ventures, Castle Island and Hash3 VC all participated in the round, bringing total funding to $11.8 million for Nirvana Labs.
Some blockchain node operators use cloud providers such as AWS and Google Cloud. This allows services to use servers and storage without housing their own physical hardware. However, reliance on internet giants for computing resources creates some centralisation risks, and we find it costly for Crypto operators, especially in high-throughput chains like Solana.
“(a) A single Solana archive node is 700tb. This is an insane amount of storage,” Meltem Demirors, founder and general partner of Crucible Capital, said in a text message. “AWS and Google Cloud own more than 80% of this market today. This makes no sense, as AWS’ one month of NVME storage takes about as much as buying hardware entirely.”
Nirvana uses a bare metal infrastructure where each server houses a single client, in contrast to traditional cloud providers that pool computing resources. Nirvana also boasts CPUs optimized for the diversity of data centers that could make blockchains more resilient to things like blockchain operators face, as well as the diversity of data centers that could make blockchain more resilient to things like shutdowns.
Crypto Cloud Service could be much cheaper than AWS or Google Cloud because Nirvana leasing hardware directly from data centers and co-founder storage, removing intermediaries.
