PIPE: Scalable, Immutable Data Storage
The latest addition to the Touchpoint Open Builders Program, TangleHUB is a Netherlands-based team responsible for PIPE, a decentralized data storage and communication infrastructure for any use case, from edge micro-storage to high-frequency IoT and communication applications. By joining Touchpoint, TangleHUB introduces PIPE to the Shimmer Ecosystem to provide developers with a highly scalable and IOTA-native alternative to InterPlanetary File System (IPFS).
We believe that users should regain control of their data. PIPE makes it simple and secure to store and manage your data, whether you want to keep it private, share it with someone you trust, or sell it on a data market.
PIPE immutably stores and transfers data of any type. Its storage and transfers can be used for a wide range of applications, from edge micro-storage to high frequency and high bandwidth applications in IoT, DID and NFT, by basically any company or developer who requires this type of storage.
PIPE can scale and keep data storage costs stable by anchoring data channels on Layer 1 and moving the bulk of data throughput to Layer 2. By separating the trust function from throughput, there is virtually no limit to how much data can be stored, while still retaining the trust levels from the IOTA/Shimmer network.
Because of its scalability and consistent costs, PIPE is a critical component in launching widespread web3 adoption. The ability to store large amounts of data immutably while maintaining granular control over who has access to it will elevate crypto beyond financial instruments. It will transform data ownership.
Since 2017, the TangleHUB team has been a member of the IOTA community, building on top of the Tangle. Examples of our work include the first Ledger implementation, ION communication, and Freighter. PIPE was designed to support our own TangleHUB products, but with the interest of many IOTA developers and a lack of reliable storage options, we decided to open-source it and let everyone benefit from the ability to store and transfer data at scale. As an experienced team, we cover development, marketing, and finance.
PIPE came to life after a five-year development cycle in which we introduced several independent products, as previously mentioned. Decentralized data storage is the keystone that enables users to take full control of their data.
PIPE is being tested with selected partners and will publicly launch its beta in October 2022. This is a setup to present the development roadmap, lite paper, and announce the pre-ICO. With the pre-ICO, future network node owners can secure the stake required to offer storage services and benefit from the network's increased value, while we use the proceeds to finalize PIPE 1.0.”
We’re excited to welcome TangleHUB and PIPE to our ecosystem. To find out more about the project and its underlying concepts, head over to the TangleHUB blog and engage with the team on their Twitter, Discord, and Telegram channels.
TangleHUB joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer networks. You can learn more about how Touchpoint works and how to become a part of it here.
Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.
The native token of Shimmer is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Shimmer users use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.
Every project that participates in Touchpoint is given the opportunity to introduce itself in its own words. Statements made by projects are not verified by Touchpoint, Shimmer, or the IOTA Foundation and should not be taken as an endorsement. Individuals are advised to always conduct their own due diligence when engaging with any crypto projects.
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