Crust Network: decentralized storage protocol for Polkadot

What is Crust Network?

Crust Network decentralizes data storage by distributing them into the different nodes within the network. Crust Network has two main goals to solve — Crust Cloud and storage for DApps.

Crust Cloud

Simply, Crust Cloud is a decentralized place for your data. Users can easily download and upload files similarly as they can now do it in Google Drive, Dropbox, or iCloud, but in a decentralized manner — meaning that they are still owners of the data.

File storage for DApps

New DApps are being created every day and most of them have large data requirements. Developers and individual businesses need to store the data in a secure way as well as they need them quickly and easily at hand. Crust provides fast and inexpensive storage, especially in comparison to current cloud providers such as AWS.

Crust Network Consensus

Crust uses GPoS (Guaranteed Proof of Stake) consensus model and also MPoW (Meaningful Proof of Work).

Source: Crust Network whitepaper
Source: Crust Network whitepaper

Team

Two co-founders are Leo Wang and Bova Chen. Leo Wang has previous experience in distributed storage and cloud computing, Bova Chen used to manage several funds as an investment director.

Partnerships

Crust Network will provide decentralized storage technology for Plasm Network, which is a Layer-2 scaling solution. Besides this “Polkadot ecosystem cooperation”, Crust will be cooperating with Maskbook, blockchain platform FLETA and 3Commas.

Token

The native token of Crust Network is called Crust Token=CRU. It has several different use-cases including:

  • Payment for storage services
  • Data storage trading
  • Staking
  • Fee payment
  • Voting
  • Governance
CRU tokenomics

Conclusion

Storing sensitive data in big, centralized data silos is not ideal. On the other hand, blockchains are too slow and inefficient for storing large amounts of data and also suffer from scalability issues. Privacy on the blockchain might also be a problem because sensitive data are accessible to the whole world, even if they are encrypted.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Polkadotters | Kusama & Polkadot validators

Polkadotters | Kusama & Polkadot validators

Czech bloggers & community builders. We are validators of Polkadot, Kusama, Darwinia, Crab, Bifrost, HydraDX, StaFi, Centrifuge under the name: POLKADOTTERS