Jump Trading Returns to the crypto market, Aptos Launches Storage platform Shelby

Recently, Aptos launched a storage platform named Shelby, which has attracted widespread attention in the industry. This project marks the return of the renowned trading company Jump Trading to the crypto market. Jump Trading played a significant role in the early development of Solana and was also involved in the development of the Solana 2.0 Firedancer project.

However, we should not be too optimistic. The launch of Shelby may be Jump Trading's strategy to regain a foothold in the crypto market, or it could be a countermeasure by Aptos against its competitor Sui. In any case, the emergence of this project has once again sparked discussions about the future development of the crypto market.

Overview of the Shelby Project

Shelby's goals are quite ambitious, not just limited to simple small file storage, but targeting high-difficulty application scenarios such as 4K streaming, TB-level AI training data, and multi-user online collaborative work. This ambitious goal even surpasses traditional encryption currency projects, directly challenging cloud service giants like AWS.

According to the white paper, Shelby mainly addresses the following key issues:

1. Read performance bottleneck: Adopt a paid reading mechanism and Aptos storage SDK
2. Storage Reliability: Using erasure coding mechanism and on-chain/off-chain hybrid audit
3. Economic Sustainability: Introduction of micropayment channels and on-chain reward and punishment mechanisms.

Shelby has several innovations in its design:

• Focus on data reading rather than mere storage
• Use Clay erasure coding to reduce redundant backups
• Adopt a combination of on-chain and off-chain verification mechanisms

Advantages and Challenges of Shelby

Compared to existing storage solutions like Filecoin and Arweave, Shelby has adopted a different strategy. It reduces the requirements for redundant backups to levels close to traditional cloud services while introducing a pay-per-read mechanism as a source of revenue. This design makes Shelby closer to the model of traditional commercial storage projects.

However, Shelby also faces some challenges:

1. User behavior may be distorted by token incentives, leading to useless storage.
2. It is very difficult to compete directly with established cloud services like AWS.
3. Lack of groundbreaking technological innovations like Firedancer
4. If limited to the Aptos ecosystem, it may be difficult to achieve widespread adoption.

Conclusion

The Shelby project represents an attempt by the encryption industry to develop in a more practical direction, closer to traditional business models. However, whether it can stand out in the fierce market competition remains to be seen. In any case, the emergence of Shelby once again proves that only continuous innovation and pursuit of practical application value can drive the sustainable development of encryption technology.