CASPER API: The Hybrid Cloud Storage On Blockchain!

in #blockchain6 years ago

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Cloud storage services like Google, Microsoft, IBM and Amazon control about 50% of the entire Iaas markets With Amazon alone controlling a whopping 43% market share. As technologies are progressing towards automation and artificial intelligence, the need for storing large quantities of data arises.

Also, with the advent of blockchain technologies, more and more developers are focusing their attention on DApps. The number has increased to a staggering 1092 Apps on the Ethereum platform itself. And this trend is escalating. The market will have reached 72 billion dollars by 2020. The traditional cloud storages are unfit for DApps and have their own shortcomings like being expensive and cumbersome. There is a need for a platform that provides cloud storage beyond the traditional structure.

We are surrounded by data sensors, IoT sensors, drones, AR/VR devices and many more machines that are run on artificial intelligence. Just imagine the amount of information that will be collected through these devices and the need for storing such data arises as well. That is where Casper API comes in that is a notch above its competitors like Storj, Cryptyk, Maidsafe, Swarm and many more which are focused on various audiences. But Casper API aims to provide a comfortable environment for the growth and development of DApps.

The goal for Casper API is to reach a 30% share of the IaaS and CDN for DApp market by 2022.

To put it simply it creates an infrastructure where one can store photos, videos, 3D models and much more. It is a platform for storing data with smart contract capabilities.

It will allow us to use the infrastructure already available in cloud storage, such as data storage and Content Distribution Network(CDN). It can be used for all kinds of applications, websites and even offline businesses with no use of smart contracts.

It also has features like automated content delivery through smart contracts on blockchain as well as SDK for DApps. It is an infrastructure project designed for decentralized data storage compatible with any blockchain platform.

FEATURES

  • The Casper API smart contract stores a service providers register, connects providers with users and performs billing procedures.
  • The P2P architecture allows all the participants to connect with each other through servers ensuring safety from DDoS attacks. The users can have access to the nearest provider to have their upload and download speed increased. It ensures data accessibility as well.
  • The platform uses ZK-Snark encrypting method to secure the data. It also provides SDK for integration such that application developers can access the data within the infrastructure itself.

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The most basic service is that of data storage including uploading, downloading, editing, deleting, access permissions and much more. They offer cheaper backup storage plans for those clients who access their data rarely. Casper API ensures the stability of your website even under high loads and you are able to choose between provider networks.

It is compatible with any platform because Casper API does not depend on any blockchain and allows for receiving data from different blockchains at the same time.

With all its features that set it apart from its competitors, it appeals to corporate clients as well.

CST token and ICO details

The CST tokens will be ERC20 based. When a CST token wants to become a provider, a quota is attributed accordingly. A provider will purchase a certain volume quota at the rate of 25.6 GB for 1 CST.

These tokens are utility based and to maintain the transparency between the platform users from different blockchain, CST tokens are used to pay for data storage, CDN services and providers are rewarded for supplying services.

The additional feature that provides authenticity to the token is that it is backed by the profitability of services rendered by the provider. A limited amount of tokens will be issued based on the quota of 25.6 GB per CST.

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These will be traded in secondary markets as well.

The pre-ICO will have tokens sold at a discount with a hard cap of $ 1040000. 1 CST will be equal to $ 0.08.

The pre-ICO was a successful event. The ICO is planned to raise funds of $ 31,800,000 via smart contracts. The soft cap is fixed at $5,500,000. A total of 440,000,000 tokens will be issued.

Concluding Verdict:

The Casper API aims to become a market leader in the cloud storage arena catering to all the blockchain users and helping them integrate into the platform itself. The tokens are valued according to the profitability of the services. The backing up of tokens provides further credibility. Investors can avail early bird bonus of up to 20%. The tokens are tradeable on the stock exchange, therefore their exchange value is dependent on supply and demand forces. For the users, it provides data services at less than one-third price with further features to help in their growth and development.

For more details visit:

Website: https://casperproject.io/

Whitapaper: https://casperproject.io/docs/Casper_whitepaper_eng.pdf

Telegram: https://t.me/CasperProjectENG

Blog By: Lanirm Knayam

BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391

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