The unique feature of KnoxFS products is that they will offer people the possibility to use storage resources on multiple networks, without having to own all these different coins as payment.
The best description for KnoxFS is a software developer supported by blockchain technology. We develop software applications during the crypto trend utilizing a cryptocurrency. Our core business is developing software solutions based on decentralized storage. There is a growing demand for secure ways to store private data without having to trust this data in the hands of big tech corporations (centralized). It is KnoxFS’s ambition to offer a broad range of different decentralized storage solutions to various customers. The essential difference between the KnoxFS storage app and well-known apps such as Dropbox is that files will be stored on decentralized third-party storage networks. Completely safe, secure, and private!
The premium version will have KFX as a primary currency for payment. If additional payment options will be made possible (most likely Bitcoin and fiat), then users that y with KFX will be discounted. By giving an incentive to pay with KFX, we want to promote KFX and drive demand for our native coin. One of the premium features that will be included in the first version, is the ability to store metadata on the KFX blockchain. The metadata can describe the characteristics of a certain file that is stored in the application. A user can, for instance, add his/her name, file type (public/protected), target network (Sia, Storj, File), recipient, date stamp, or other information to the upload. Because this data will then be stored on the blockchain, it will always be verifiable via the blockchain explorer and could work as a ‘proof of storage’. This could be interesting for legal reasons or to ‘certify’ a file upload because the added metadata can be permanently stored on the KnoxFS blockchain and will never be editable again.
KnoxFS technology will be based on a decentralized storage system (DSS). As in so many areas, blockchain technology has the potential to fundamentally disrupt this entire storage industry by relying on new paradigms. In recent years, many projects around these new ways of storing documents have been developed but as of today, none of these solutions offer easy access usable by users without technical knowledge. KnoxFS will therefore rely on a hybrid distributed technology based on Software Defined Networking (SDN) and a Peer-to-Peer (P2P) network while remaining agnostic to the underlying storage infrastructures (DSBS). This non-dependence on a single backend solution will be ensured by the KPD component which must be modular enough to interface via plugins to the various suppliers (PSI and SSD).
A Supernode is different from a regular Masternode, as described in the chapter ‘Masternodes and staking’. A Supernode contains all the operating components of the product (a database, web server, storage access components, local storage, APIs, etc). The more Supernodes there are, the more decentralized the solution will be. A Masternode on the other hand only executes the KFX blockchain.