What is Opacity (OPCT)?
Opacity(OPCT) is a cloud storage provider with one significant distinction, privacy. According to its whitepaper, with the advancement of digital property, many individuals have increasingly become concerned with the safety and privacy of data stored with cloud storage companies such as Google, Dropbox, and many others. Individuals, small businesses, and enterprises want to keep their data confidential. The Opacity network claims that it protects people’s fundamental rights and offers private cloud storage to everyone via its Opacity token, OPCT.
The OPCT token can be purchased on a crypto exchange and later used to purchase private data storage plans with the private key. The network claims that this private key is held by the files’ owner, not Opacity. Therefore, the ownership is in the hands of the person who makes and saves the files. Opacity does not have any access to those files. This network does not store any information of its users. Instead, it lets people store private information, such as intellectual property, company secrets, legal documents, personal photographs, family moments, etc. It ensures that confidential data remains personal.
The main disadvantage of current solutions such as Sia, Storj, IPFS, and Swarm is that newcomers in the cryptocurrency industry can’t easily use them. IPFS, Sia, Storj, and Swarm are blockchain-based storage technologies. The onboarding to these platforms requires a high level of technical expertise. The Opacity Galaxy is a decentralized storage solution operated on DHT (Distributed Hash Table) technology according to its whitepaper. Specifically, the Kademlia framework for distributed storage in which the users have different types of security options, depending on how they want their information to be stored. Further, the network also claims that the Opacity Galaxy network incorporates the entire ecosystem of groups and individual systems that offer a fully decentralized file storage platform when conjoined.
History of Opacity (OPCT)?
Jason Coppola is the CEO of the Opacity network. Jason has over twenty years of experience in software product development, product, engineering, and executive leadership. The Opacity network claims to have achieved several milestones. In December 2018, the network had Airdrop Opacity tokens, and later in June 2019, it launched Opacity 1.0. The network released Opacity 1.5 in December 2019, and in June 2020, the platform completed research of decentralized nodes. In the first quarter of 2021, the Opacity network completed a decentralized node plan and successfully released Opacity 2.0. Further, in Quarter 2 of 2021, the platform launched a mobile application. In Quarter 3, it launched Galaxy Alpha (Storage Nodes only). Later, in Quarter 1 of 2022, it launched Galaxy Alpha (Guardian Nodes introduced).
