Axon Protocol Preview: Built on BitTorrent — Is Hosting to Earn Feasible?
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Axon Protocol Preview: Built on BitTorrent — Is Hosting to Earn Feasible?
Axon—allows people to host datasets using Bittorrent and earn tokens.
Navigating Web3 tides with focused insightsAuthor: Liam
Compiled by: TechFlow
Liam, a crypto researcher, says he's working on a new experimental proof-of-concept (PoC) protocol called Axon that allows people to host datasets via BitTorrent and earn tokens in return. Below is an overview of how the protocol works and its current progress.
TechFlow note: The protocol is still in the proof-of-concept stage and has not been commercialized at scale. This article aims to explore a possibility.
How it works:
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Create hosting pools on-chain;
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Nodes earn tokens by hosting data;
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Use ZK-SNARKs to distribute rewards;
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Customizable reward/tokenomics models—users can design their own reward modules.
Custom Reward / Tokenomics Model
Each hosting pool has a user-defined reward module. For example, Synthetix could pay SNX rewards to those hosting Synthetix dapps. Perhaps you'd "boost" existing SNX stakers' rewards.
Alternatively, you could create a pool for interesting datasets (like the Facebook Llama model), where nodes hosting it receive NFTs for distributing the dataset (and fees).
Private Rewards
Sometimes you don't want others to know you're hosting certain data. The protocol will support "private staking rewards," allowing users to claim reward tokens anonymously using technologies like Aztec or Tornado.
This will soon be integrated into the Dappnet client. As a result, you'll be able to access dappnet.eth, purchase an ENS domain, upload content, and click publish—all within a fully decentralized dapp.
You could also run a node on your laptop and earn tokens by hosting data. I think people need this. No need for 32GB RAM or 2TB storage. BitTorrent is readily available—maybe we should give it a try.
One cool part is that this will use WebTorrent, enabling users to stream videos directly over BitTorrent.
There’s much more to come. Right now, it's in proof-of-concept mode—semi-functional, with more features on the way. The next step is connecting it with BitTorrent nodes and smart contracts.
Some of my ongoing research focuses on understanding what people actually want. I think one of the best examples comes from a lesser-known project by Synthetix, where people run nodes and contribute. It's a desktop application they built to host Synthetix dapps by providing bandwidth on IPFS.
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