Crust provides a decentralized storage network for the Web3 ecosystem, supports multiple storage layer protocols including IPFS, and provides interfaces to the application layer. Crust
's technology stack can also support a decentralized computing layer. Crust aims to build a distributed cloud ecosystem that values data privacy and ownership.
At the first Polkadot Decoded community meeting on December 3, Robert Habermeier, the co-founder of Polkadot, shared a "decrypted parachain", deciphering all aspects of parachain technology and the latest development of parachains. Here are some key points that PolkaWorld summarized from Robert's sharing.
Decrypt Parachain
Parachain will subvert the existing blockchain technology
. Parachain is the master of the development of blockchain in the past decade, whether it is from a technical perspective or a conceptual perspective.
Parachain will overturn all existing blockchain technologies, especially layer 1 blockchains, such as Bitcoin, Zcash, and smart contracts. Parachain has the advantages of layer 1 blockchain and smart contracts, such as autonomy, endogenous security and professionalism.
Parachains are the core of Polkadot's execution.
Relay chains and Kusama are more like meta-protocols, but the actual logic actually runs on each parachain.
There
can be many types of parachains. There can be many types of parachains, such as parachains with coins, parachains without coins, parachains specialized in a certain field, and hub chains that serve a certain community.
Parachain will share part of the functions of the relay chain. The current relay chain assumes many functions. Later, some of the functions of the relay chain, such as staking, governance, and transfer, can be delegated to the parachain, while the relay chain is only responsible for parallel Chain consensus. This will liberate the computing resources of the relay chain and make the relay chain the first non-transactional blockchain. You only need to focus on expanding the scale of the parachain as much as possible.
Parachains can be used as actors to participate in network activities.
Parachains represent a collection of financial assets and social assets. Each parachain can represent its stakeholders and perform many activities as an actor, such as participating in the relay chain through proposals and voting. Governance, become a member of the Polkadot Board of Directors, claim bounty tasks, allocate treasury funds, etc.
Recent development of parachain
The current progress
V1 (production level) parachain code has all been standardized in the guide, and most of the Rust implementation has been completed, only a few subsystems have achieved the
message passing function (HRMP) between parachains. Parachain messages are transmitted through the relay chain.
Parachain testnet Rococo's V1 testnet has been implemented. Teams developed on Polkadot can use this testnet for testing, and then go online on Polkadot's mainnet. The
code base is being audited
Next steps:
Further optimization and stress testing of the network.
Complete the AnV protocol code.
Improve the auction module, such as whitelisting, crowdfunding quota and other functions
. The end of the audit work
will be officially launched on Kusama and Polkadot. Parachain will be audited on all codes. And the security is reliable enough before launching)
the development and launch of parallel threads
Full video playback:
https://www.crowdcast.io/e/polkadot-decoded/2
About Crust Network
Crust provides a decentralized storage network for the Web3 ecosystem, supports multiple storage layer protocols including IPFS, and provides interfaces to the application layer. Crust's technology stack can also support a decentralized computing layer. Crust aims to build a distributed cloud ecosystem that values data privacy and ownership.
The first phase of the "Ark Project" of the incentive test network was launched on November 30, and everyone is welcome to join the test experience. Crust Network has successively joined the Substrate Builders Program, Web3.0 Bootcamp, and obtained the Grant from the Web3 Foundation.
Crust related:
Crust Technical White Paper v1.9.3
Crust Network Economic White Paper v.0.7
Crust Network Token Indicators & Economics
Quickly understand the Crust Network distributed cloud
官网：https://crust.network/
Twitter：@CrustNetwork
Medium：https://medium.com/@crustnetwork
GitHub：https://github.com/crustio
Telegram：https://t.me/CrustNetwork
