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 pain of downtime
Liquidation refers to the floating profit and loss of the account >= total account funds after the futures trader closes the position in hand. Usually, due to the rapid changes in the market, futures traders fail to add margin in time when they lose money, and the margin caused by forced liquidation is "zeroed".
On February 22, Bitcoin fell rapidly in a short-term, falling below $49,000 for a short time, and rebounding quickly after a rapid decline. However, in the face of rapid market fluctuations in a short period of time, major exchanges have not withstood the test, and many exchange servers are down, causing futures traders to be unable to close positions in a timely manner, watching the account amount return to zero. Data shows that the 24-hour contract liquidation amount reached 3.755 billion US dollars, equivalent to more than 24 billion yuan.
In the evening of the same day, "Bitcoin" and "Huobi" were simultaneously searched on Sina Weibo. Bitcoin is due to price fluctuations, and Huobi is due to server downtime. On the evening of the 19th, Huobi experienced severe network downtime and users were kicked out of the login state, which affected a large number of users. According to the official Huobi community, the incident was caused by a network failure caused by an AWS hardware upgrade.
Hot search on Huobi "Unplug Network Cable"
From the various failures of centralized cloud servers that have been erupting recently, the disadvantages of centralized storage can be clearly seen:
1) Cloud server rental costs are still high
2) Cloud data center facilities and BUG hidden dangers still exist
3) Centralization Networks are vulnerable to DDoS attacks
4) Applications need a large number of backups to ensure data security
5) Cloud service providers are easy targets of attacks
Solution: Crust+IPFS
represents the problem of centralized server and its storage mode in the Web2.0 era. The problem has been revealed, and the general trend of distributed storage has been unstoppable.
How to solve the problems mentioned above?
You can start by deploying a decentralized website.
In fact, the Crust network can already implement the deployment of Dapps and websites, and is no longer restricted by centralized cloud servers. It has become an effective solution to the pain points mentioned above. Developers only need to deposit the website in IPFS, and then generate a storage order in the Crust network. The Crust network will incentivize multiple distributed nodes to store the website files and provide services. As long as these distributed nodes do not stop working (which is almost impossible), users can always visit this website.
For specific operations, please refer to this Demo video:
https://v.qq.com/x/page/z3229ldcrvb.html
Video IPFS link:
http://ipfs.io/ipfs/QmTVxc7jwNMhxy9pEYjt7j5ADaJaJS4ziFAcdox6PNBanY
This video has been saved by the Crust network.
The website link created in the video:
https://ipfs.io/ipfs/QmUmfSj43T9fsPSaEgGcrgHH5Wq8KFv48oVXnfY4FXDJZt/
Crust adopts the "IPFS storage + Crust order transaction + IPFS retrieval" model to form an incentive layer and storage layer relationship with IPFS. The Crust protocol group encourages nodes in the network to provide storage capabilities through incentives, and IPFS provides this Kind of storage capacity. It can bring "serverless" websites and Dapps, general off-chain data storage, faster data transmission, and more secure cloud storage to Crust.
Crust, the four-scenario solution, combines the advantages of IPFS. Based on this, it has built many application scenarios in decentralized website deployment, network construction CDN services, cloud storage application development, and off-chain data storage.
Decentralized website deployment developers can decentrally deploy their own websites based on the Crust/IPFS network. Due to the characteristics of IPFS content addressing, people can visit this website without accessing any central server, thereby realizing the decentralization of the website化性。 Characterization. At the same time, the Crust network will incentivize multiple nodes to store copies of website files, making the website more reliable.
Network construction CDN service
Developers can build CDN service based on Crust/IPFS network. In this scenario, in terms of cloud storage application development, the Crust network node will assume the responsibility of the CDN acceleration node. Inspired by the Crust network, nodes will spontaneously spread copies of CDN files in the Crust network, making the distribution of acceleration nodes more widespread. Therefore, a CDN constructed based on Crust/IPFS can achieve better speed-up transmission effects.
Cloud storage applications
Developers can develop cloud storage applications based on Crust/IPFS. Developers do not need to maintain a storage cluster, but only need to integrate the Crust/IPFS API in the application to store user files in the Crust/IPFS network. User files will be spread to multiple nodes through Crust under the action of the incentive layer protocol, providing users with cloud storage services with high security and availability.
Off-chain data is stored
in some decentralized applications based on blockchain technology. In addition to the data of the blockchain itself, there are more off-chain data that need to be stored, such as multimedia files for encrypted collectibles, and decentralization. The rich text information and other data of the social platform. The off-chain data storage solution based on Crust/IPFS enables the data in these scenarios to be accessed decentrally.
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 Crust Maxwell preview network, which strives to have the same functions as the Crust main network , was officially launched on February 4, integrating all core functions of Crust, including token pledge, decentralized storage market DSM and file retrieval mechanism.
Crust Network successively joined the Substrate Builders Program, Web3.0 Bootcamp, and obtained the Grant from the Web3 Foundation.
Crust related:
Crust Network Technical White Paper v1.9.8
Crust Network Economic White Paper v.1.1
Crust Network Token Indicators & Economics
官网：https://crust.network/
Twitter：@CrustNetwork
Medium：https://medium.com/@crustnetwork
GitHub：https://github.com/crustio
Telegram：https://t.me/CrustNetwork
