Swarm
Crypto Overview
Overview
Swarm is a decentralized storage and communication system built on Ethereum. The BZZ token serves as the native utility token of the Swarm network, used to incentivize nodes to provide storage and bandwidth services.
Intended Utility
The primary purpose of BZZ is to facilitate payments for storage and data transfer services within the Swarm network. Node operators earn BZZ tokens for providing storage space and bandwidth, while users spend BZZ to store and retrieve data.
Actual Utility
The Swarm network is operational and being actively used for decentralized storage solutions. The platform has demonstrated real-world utility through various partnerships and implementations, particularly in Web3 applications requiring decentralized storage.
Token Distribution & Development
The token distribution appears balanced, with a significant portion allocated to ecosystem development and node operators. The project maintains active development on GitHub, with regular updates and improvements to the protocol.
Technology Assessment
The core technology focuses on providing decentralized storage services without involving any interest-based mechanisms. The revenue model is based on fair exchange of services (storage and bandwidth) for tokens.
Crypto Impact
To assign a comfort level investing in Swarm from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Swarm.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.