An overview of decentralized storage networks

Modern blockchains like Ethereum are suitable for transferring value in a native coin form and running small applications - smart contracts. In terms of improving user experience, blockchains have the following challenges that need to be solved:

To solve these problems, developers are still raising a lot of money and creating Ethereum competitors. New projects have been most successful in scalability, mainly by sacrificing decentralization or changing the approach to achieving consensus. Interoperability is just starting to gain momentum with the Stargate release in Cosmos Network and parachain auctions on a Polkadot testnet. Some progress has also been made in the decentralized storage area, although current solutions are limited in use cases.