The upcoming Launch of HODLONG, BP.Fish’s EOS Storage Solution

We at BP.Fish are thrilled to announce the upcoming launch of our EOS Storage Solution, HODLONG. Those who have followed our journey on GitHub will know that this has been a long time in the making, and we cannot wait to soon share this with you. We previously planned to have the project launched within a week of now, but due to the EOS Blockchain being so early stage, we have had to rewrite some libraries, ground up and because of this, HODLONG will become even more unique and we will provide the code to EOS developers so we can too assist in providing other projects the necessary information they need to fast track their project. With this being said, HODLONG Beta is being released as soon as we rewrite the required code.

HODLONG is an IPFS type network built upon Webtorrent. It works by signing the stats on the server and clients as a trusted network and then verifying via EOS contract. It combines Webtorrent-DHT, Webtorrent and a modular approach to blockchain storage mechanisms. This allows for a paid storage and retrieval mechanism.

We have taken many different factors into consideration when developing our pricing model, and have settled on a model that is driven by the cost of EOS resources and the rate that users are willing to pay to store data. The software contract will create its own market rate for storage costs, based on what users acting as storage providers are willing to pay for the use of their resources, combined with what users are willing to pay for storage.

We’ve run a few test scenarios: In one instance, we based our initial storage price points off of running on aws t2 instances. In another, we operated testnets that ran for free and acted as a public ledger for dapp’s resources. We imagine that once the software is out for public use, the cost of storage will land somewhere in between these scenarios. This is because, theoretically, it would be possible for someone to add philanthropic servers to the market, thereby reducing the price.

For more information about Bp.Fish and HODLONG, follow us on Reddit or access our GitHub here.