CASPER API

in #ico6 years ago

Hi, my dear friends! I want to tell you today where you can securely store your data and earn on it!

DApps is a decentralized, transparent, and more resilient to attack applications that are built on blockchain technology. This technology itself is a database that is open for viewing, where all information cells are linked to each other cryptologically and have the structure of immutable blocks. 

This ensures a higher level of data security and transparency for all users.In addition, it is necessary to understand what decentralization means in dApps. Many users confuse this definition with distribution, so we will focus on it. A decentralized system is a structure where individual stand-alone computers are connected to one network and interact with each other to achieve one specific goal.

In the case of decentralization, everything works a little differently. Decentralized computing involves allocating resources to each participating node. That is, individual links do not tell each other what to do. We find that the dApps running on the system P2P computers. 

What is Casper?

Casper API is basically an infrastructure project for decentralized storage that is compatible with any blockchain platform with smart contract capabilities.

Casper allows all users to use all the features of the cloud such as content storage and content distribution network (CDN).

This infrastructure platform can be used by all apps, websites and businesses, with or without smart contract capabilities. In the current market dominated by decentralized applications, Casper is a much-needed solution for many.

How does it work?

Suppose, you are going to the market. What are the 2 qualities that you would be looking for in the market? Quality and price.

Suppose, there's an apple that costs 100/kg sold by seller A. Seller B sells the same item at 120/kg. From which seller will you buy apples then?

Of course seller A! Because he offers more value for your money.

This is true for Casper as well. Casper offers more value for money for the cloud services they offer, attracting more customers compared to their competitors.Now suppose, you run a restaurant. You sell Butter Masala dishes consisting of paneer, chicken, and mutton. 

Now, you can either prepare the dishes individually when you get the orders, or you can prepare the gravy beforehand and just add paneer, chicken or mutton as per the situation. This will save a lot of time and allow you to serve more orders in a shorter time span.

This is exactly what Casper does as well. It allows dApps to be built using their platform and allows their seamless integration as well.On top of this, they offer unmatched security. Just like a cherry on your toppings.Truly, Casper is a revolution in the cloud storage industry. 

Using BlockChain

Casper is a file system utility for decentralized applications based on Ethereum, and other blockchain platforms supporting smart contracts.

The blockchain platform is based on a P2P network, participants of which provide resources to perform transactions and calculation. Casper complements the P2P blockchain platform with a storage unit network, which provides HDD file storage service to users, while storage units ensure the network is functioning properly.

Casper use prospects

Casper is a data storage network, which may prove interesting for users of typical cloud services. One Casper’s distinguishing trait is absence of a common fault point, such as a DNS service. However, Casper is built to comply with blockchain principles, i.e., automated implementation of user requests, regulation by network participants, absence of a common point of decision-making, independence from individuals and organizations. 

This enables sustainable use of Casper DApps without degradation of their characteristics

Casper Features

Casper enables users to upload random files to a cloud service, and access them later from any device.

Casper’s basic features:

● Encoding of stored files
● High file upload/download rate thanks to peer-to-peer technology
● Shared file access
● Feasible data storage pricing

File encoding ensures data is stored confidentially. Each file is encoded at the user’s side before transfer, and only the user keeps encryption keys. Only the user may transfer encryption keys to someone else to share access to the file. 

About ICO

The CST token is the altcoin of the Casper platform.

The ICO sale will begin on 30th June, 2018.

The price of each token has been set at $0.16.

The soft cap has been set at $6,700,000.

The hard cap has been set at $31,800,000. 

The most advance and sophisticated mechanism and ecosystem performed by this Casper API can serve some of advantages as below:
  • Convenience

Really like the Casper in old ghost children movie, the use of P2P technology serving very quick file transfer, allowing best blockchain considering speed and cost, as above said also the ability to easily switching between blockchain, blockchain interchangeability for content sharing, easy to estimate the cost based on users.

  • Security

Implementation of algorithm Zk-Snark is allowing files distributed in several providers while just the user who can access the whole part of file distributed in all stored provider. Therefore, none can access the file and know the file content exactly as just the user who can. This advantage is really keeping the file content be always safe from opening, viewing moreover editing by people or parties who is unauthorized. 

In other word, can be said it is impossible to open, view moreover edit the file content which is under Casper API implementation. To be more easily understood, it can be imagined this advantage as if we store a table by disassembling it first then tagging each part to be stored in different rented warehouse and fully covered in a package. None knows the content of the package, it is only the table owner.

  • Reliability

This service can satisfy all the user, no worries for failure at all as the safety is fully guaranteed. All parts of distributed files managed under smart contract are replicated and stored in minimum of 4 place, they are always checked for failure and re-stored with other provider if there is found failure. As above analogy of a table storage, this advantage can be imagined also for re-creating each part with precisely same with the original into minimum 4 units. 

Then each part are distributed into several warehouse and always to be checked by smart contract whether the parts and also the warehouse is still good or not. If the part is damage, then smart contract will re-create it and if the warehouse is damage then smart contract will find another warehouse to store the part. Then if anytime the owner need to use the table unit then it will be easily re-assembled. 

More information you can find on these links below:

Website: http://www.casperproject.io

Telegram channel: https://t.me/CasperProjectENG

Whitepapper: http://www.casperproject.io/docs/Casper_whitepaper_eng.pdf

My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1803005 

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