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STORAGE-BASED CONSENSUS PARADIGM
Using the blockchain as a storage layer, which contains the inputs and outputs of a program
Trusted computation based on the definiteness of storage
Low cost that only incurred by storage
Super scalable off-chain computation
No restrictions on development languages
Codes, inputs and outputs all on the blockchain. Anyone can download the code from the blockchain and run the program off-chain. Thanks to the traceability and immutability of the blockchain, the inputs and outputs of off-chain programs are the same as those of its on-chain counterpart. Meaning itβs a trusted computation by multiple parties.
Trusted off-chain computation
Certain storage determines that the computation can be trusted
Anyone can download the source code from the blockchain and run the program off-chain. Due to the traceability and immutability of the blockchain, the inputs and outputs of the off-chain program are the same as those of its on-chain counterpart all the time.
Storage-based consensus achieves trustless purpose by verifiable applications.