Crust Network
press release

PRESS RELEASE. Decentralized storage is a crucial infrastructure in the technical field. With the Filecoin mainnet launch in October of 2020, Filecoin and IPFS are now leading the decentralized storage field. One of the star projects of the IPFS/Polkadot ecosystem, Crust Network proposes to implement key concepts of Filecoin based on the Substrate technical framework within the Polkadot ecosystem, and also address several design and technical issues of Filecoin.

After several rounds of internal testing, Crust Network has launched its Decentralized Storage Market on Crust Apps and opened storage functions to users for public testing from the end of February.

Crust Preview Network, Apps and DSM

Based on the Substrate and PolkadotJS stack, Crust is building a decentralized storage network. Crust uses IPFS as the underlying data storage, retrieval and exchange protocol, and includes layered solutions on storage proof, PoS-derived consensus, storage market and storage applications.

The Crust Maxwell Preview Network was officially launched on February 4th, 2021. As a preview network, Maxwell implements all of the core mechanisms of Crust, including token staking, Decentralized Storage Market (DSM), and file retrieval. Maxwell runs in a real economic system, and participants can lock and claim their CRU (ERC20) tokens to the Maxwell network for staking, storage and file retrieval from Maxwell. The mining revenue in Maxwell is earned by nodes, which can be claimed back to the Ethereum network. More information is available on the Crust Wiki.

At time of writing, according to the Polkadot telemetry, over 1,200 nodes from around the world have provided over 100 PB of storage capacity as part of the Maxwell Preview Network.

“We’ve allocated a total of 540,000 CRU in rewards for users that participate in the Preview Network, and users can store and retrieve files, stake CRU, or run storage mining directly via our App“, explained Crust CEO Bova Chen.

The Crust DSM (Decentralized Storage Market) is part of the Crust App, and allows storage users to place storage orders on the chain. The files specified in a particular storage order will be stored and retrieved by nodes in the Crust Network. Crust users can directly store and retrieve their files through this system.

Bova gave an example of hosting a website in one click via Crust Apps, streamlining the process of using decentralized website hosting. Hosting a website through Crust allows greater flexibility in bandwidth requirements, and eliminating the need and risk of purchasing servers or bandwidth from traditional providers.

“Now that Crust Apps has launched on Crust, more developers will join us. The storage tab of the Apps Wallet is a good sample of demonstrating how to use the storage network. The development community can refer to it and build their own storage applicationsâ€, said Bova.

Besides the DSM App, Crust will release the DSM SDK/API to the public in the middle of March. In addition, Crust will also set more incentives to encourage developers to join and use the Crust SDK/API to develop upper layer storage related applications in the blooming Web3 era of storage services.

The Crust Journey

The Crust project was launched in 2018.

After long term development, Crust Network successively joined the Substrate Builders Program and Web3.0 Bootcamp, and also won the Web3 Foundation Grant.

In September 2020, Crust finished it’s Round A financing with NGC Ventures, SNZ, HashCIB, DFG, KNS Group and AU21 Capital.

From November 2020 to January 2021, Crust has successfully launched its incentivized open test net, “Profit Ark†, with 320,000 CRU tokens awarded to storage nodes widely distributed in Europe, Asia and North America.

Crust has connected to the Rococo parachain testnet.

Crust Network

CRUST provides a decentralized storage network for the Web3 ecosystem. Crust supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to the application layer. Crust’s technical stack is also capable of supporting a decentralized computing layer, and is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Timeline of Crust Network:

  1. 2020 Q4: Incentivized Open TestNet.
  2. 2021 Q1: MainNet launch. Crust will join the parachain slot auction.
  3. 2021 Q2: Product goes to market, Crust API/SDK open for use.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Crust Network Launches Crust Storage Market, Decentralized Cloud Service Built on Polkadot

PRESS RELEASE. One of the star projects of the emerging Polkadot ecosystem, Crust Network, recently completed a several million dollar Series A financing round in September, with investors including NGC Ventures, SNZ, HashCIB, DFG, KNS Group and AU21 Capital. In 2020, Crust Network joined the Substrate Builders Program, and won a grant from the Web3 […]

Xem chi tiết: Crust Network Launches Crust Storage Market, Decentralized Cloud Service Built on Polkadot

Concordium Debuts its Business-Oriented Blockchain Mainnet

After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Xem chi tiết: Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters. Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall Crypto adoption has been widely and thoroughly discussed in the media and on […]

Xem chi tiết: Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions†as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ […]

Xem chi tiết: Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

Xem chi tiết: South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

Denmark to Revise Tax Law to Target Cryptocurrencies

The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax Law to Deal With Cryptocurrency Denmark is considering revamping its tax code in […]

Xem chi tiết: Denmark to Revise Tax Law to Target Cryptocurrencies

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market […]

Xem chi tiết: $160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad

Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace

Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe