crust-network-launches-crust-storage-market,-decentralized-cloud-service-built-on-polkadot

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

PRESS RELEASE. One amongst the wide title initiatives of the rising Polkadot ecosystem, Crust Community, now no longer too prolonged prior to now performed a plenty of million greenback Collection A financing spherical in September, with investors including NGC Ventures, SNZ, HashCIB, DFG, KNS Community and AU21 Capital. In 2020, Crust Community joined the Substrate Builders Program, and won a grant from the Web3 Foundation.

In a single of the most considerable phases of Crust Community launching decentralized cloud products and companies to customers worldwide, Crust has revealed more considerable parts about their Storage Market manufacture, a network storage helpful resource purchasing and selling market that enables storage helpful resource suppliers and storage helpful resource customers to transact in an originate market. In teach to promote the Crust Storage Market, the CSM token is being given to community individuals that present liquidity on UniSwap and thru other community activities. In the long flee, Crust plans to place in pressure other cloud products and companies, akin to decentralized cloud computing, which is ready to even be bought and sold thru Crust Service Market.

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In preparation for mainnet originate by task of Polkadot parachain, Crust Community launched their CC2 Maxwell testnet and “Earnings Ark I & II” incentivized testnet.


The “Earnings Ark I” testmet launched on November 30th and is scheduled to flee for 50 days. 320,000 CRU tokens, price roughly $1.4 million dollars, is planned to be awarded to all testnet contributors. At time of writing, over 740 nodes in regions across the arena delight in equipped 40 PB of information storage as a share of “Earnings Ark I”.

Essentially based on the Polkadot telemetry, the likelihood of Crust Maxwell CC2 nodes already exceed that of Polkadot and Kusama, with storage nodes broadly distributed in Europe, Asia and North The United States.

For the “Earnings Ark II” testnet, the Crust personnel plans to flee thru the fat functionality of it’s network, including staking, guarantee nodes, and other capabilities.

Parachain Auctions

Essentially based on info from the first version of Polkadot Decoded on December third, the parachain slot aim may well originate in February 2021. By that time, Crust will originate an intensive roadmap about their plans to affix both Kusama and Polkadot auctions. Consistent with the Crust whitepaper, “around 40% of the ecological enhance funds turned into planned for slot auctions and connected charges”, per Crust CEO Bova Chen.

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About Crust Community

CRUST offers a decentralized storage network for the Web3 ecosystem. CRUST supports multiple storage layer protocols akin to IPFS, and exposes storage interfaces to the applying layer. Crust’s technical stack is also favorable of supporting a decentralized computing layer. CRUST is designed to make a decentralized cloud ecosystem that values info privacy and ownership.

Web situation: crust.network

Electronic mail: crustnetwork@gmail.com

Sources:

Crust Node Map & Fundamental parts – https://telemetry.polkadot.io/#draw/Crust%20Maxwell%20CC2

Crust Earnings Ark Storage Data – https://ark.crust.network/

Crust Financial system Whitepaper – https://crust-info.oss-cn-shanghai.aliyuncs.com/crust-home/whitepapers/ecowhitepaper_en.pdf


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