From what you say it would then appear to be a cryptographically secure distributed storage system.
So I develop an app, and while my app is running I'm providing some storage space. I get rewarded for this via some mechanism I don't understand, but involves some sort of cryptocurrency. I can then store things "out there", and the cryptography means that it's secure. Similarly, parts of other people's data gets stored in my app.
Is that right?
If so, what happens to other people's data when I turn off my machine? What happens to my data when other people turn off their machines, or are otherwise unavailable?
I don't understand what problem this is solving, or how it can work.
So I develop an app, and while my app is running I'm providing some storage space. I get rewarded for this via some mechanism I don't understand, but involves some sort of cryptocurrency. I can then store things "out there", and the cryptography means that it's secure. Similarly, parts of other people's data gets stored in my app.
Is that right?
If so, what happens to other people's data when I turn off my machine? What happens to my data when other people turn off their machines, or are otherwise unavailable?
I don't understand what problem this is solving, or how it can work.