Challenges in Reducing Cloud Service Costs
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Questions and Answers

The lack of competition in the public cloud market leads to lower costs for customers.

False

Existing web3 cloud providers have successfully optimized resource utilization and reduced expenses, resulting in more affordable cloud services for end-users.

False

Early approaches to web3 have not required buy-in to cryptocurrency tokens.

False

Decentralized cloud storage currently offers the same level of performance, efficiency, security, and reliability as enterprise-level data centers.

<p>False</p> Signup and view all the answers

The adoption of a decentralized approach in web3 technology has been rapid and without any roadblocks.

<p>False</p> Signup and view all the answers

Cloud services that are based on the S3 API standard retention modes are characterized by low operational costs.

<p>False</p> Signup and view all the answers

Decentralized cloud services are powered by top-tier data centers only.

<p>False</p> Signup and view all the answers

Data tiering is implemented in the decentralized cloud services offered by Impossible Cloud.

<p>False</p> Signup and view all the answers

The S3 protocol is not supported by the storage platform used for off-site storage.

<p>False</p> Signup and view all the answers

Cloud service providers should constantly build new data centers to handle volume spikes effectively.

<p>False</p> Signup and view all the answers

End-user costs are increased due to hidden costs and fees in the decentralized cloud service model.

<p>False</p> Signup and view all the answers

The decentralized cloud service model guarantees 100% availability and 100% durability.

<p>False</p> Signup and view all the answers

Impossible Cloud offers storage management and durability as a service, resulting in lower total cost of ownership for customers.

<p>True</p> Signup and view all the answers

Traditional cloud storage services do not require tiering data between 'hot' and 'cold' storage.

<p>False</p> Signup and view all the answers

Hot storage in cloud services is slower and less responsive compared to cold storage.

<p>False</p> Signup and view all the answers

Public cloud services do not bury additional charges for performance differences between hot and cold storage.

<p>False</p> Signup and view all the answers

Impossible Cloud aims to address customers' needs for performant, always available cloud services that are scalable and can be purchased with cryptocurrency.

<p>False</p> Signup and view all the answers

In addition to cost savings, Impossible Cloud offers benefits over traditional public cloud solutions that make it more secure, durable, and convenient.

<p>True</p> Signup and view all the answers

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