Solving the Farmer's Dilemma
A major challenge for blockchain networks is the so-called "farmer's dilemma," which is the trade-off that farmers (participants who provide storage and computational resources) must make between allocating their storage for maintaining blockchain history or maximising it for consensus processes.
The Farmer's Dilemma presents the following challenges:
1. Resource Allocation: Farmers must determine how much of their storage capacity to allocate to historical data versus real-time transaction processing. This decision impacts their potential rewards and the network's overall efficiency
2. Scalability Issues: As blockchain networks expand, the demand for storaget rises, posing scalability issues. High resource demands can discourage participation, resulting in a bottleneck that slows down transaction processing and raises costs.
Creative Solutions from Subspace and Autonomys
Autonomys and Subspace offer creative answers to these problems.
1. Decoupled Consensus Model: Farmers can manage blockchain history collectively without taxing individual resources thanks to Autonomys' Proof-of-Archival-Storage (PoAS) consensus method. Farmers can concentrate on transaction ordering with this model, which preserves data availability.
2. Dynamic Resource Management: Based on supply and demand, Subspace offers a dynamic block space market that modifies prices. This encourages farmers to use resources wisely, guaranteeing that needs for consensus and historical data are satisfied without placing an undue load on any one party.
With the help of the Subspace protocol, Autonomys resolves the farmer's issue in blockchain technology by allowing farmers to preserve blockchain history effectively without sacrificing decentralisation or security.
Effective Storage with Decentralisation and Security
1.Proof-of-Archival-Storage (PoAS): Using PoAS, Autonomys enables farmers to jointly manage blockchain history while preserving network integrity. Farmers are guaranteed to preserve distinct portions of blockchain history by this consensus process, which also distributes the storage load and prevents centralisation.
Autonomy and Subspace Advantages for Decentralised AI
1. Enhanced Security: Decentralised AI apps can store data over a dispersed network by employing blockchain technology, reducing the risks connected with centralised data storage. As a result, there are fewer opportunities for hacking and illegal access, protecting user privacy and data integrity.
2. Increased Transparency: Because these systems are decentralised, decision-making processes are more transparent. Users can confirm how AI models function and make choices, which increases confidence in the technology.
