The blockchain is a byzantine-fault-tolerant distributed ledger. It is used to record transactions made in cryptocurrencies that are native to said blockchain. It has applications in many fields, although such applications are still theoretical or, in the best case scenario, at proof-of-concept stage.
Cubbit differs from a blockchain in several ways:
- Price: the blockchain enables a marketplace where nothing is free. Blockchain-based cloud platforms ask the users to pay a fee in order to use the service. On Cubbit, the users do not pay any monthly fee to use the service.
- Dishomogeneous user set: blockchain-based cloud platforms separate the users in two sets: those who sell space to the network and those who pay for space. On Cubbit users are all part of one single set, as each user is also a provider of space and no one pays any monthly fee.
- Stability: because of the previous point, Cubbit balances the supply and demand of space regardless of external variables such as the average price of storage on the market. The blockchain, instead, is based on the assumption that space providers will keep sustaining the network, even if the cryptocurrency at the heart of the blockchain is plummeting.
- Speed: the blockchain is cumbersome by design, as this complexity is necessary to prevent double spending and spam attacks. Cubbit, on the contrary, is designed to work under rigid time constraints and be consumer-friendly.