Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Decentralized Storage Market Launches on Crust Network

Decentralized Storage Market Launches on Crust Network

PRESS RELEASE. Decentralized storage is a crucial infrastructure in the technical field. With the Filecoin mainnet launch in October of 2020, Filecoin and IPFS are now leading the decentralized storage field. One of the star projects of the IPFS/Polkadot ecosystem, Crust Network proposes to implement key concepts of Filecoin based on the Substrate technical framework within the Polkadot ecosystem, and also address several design and technical issues of Filecoin.

After several rounds of internal testing, Crust Network has launched its Decentralized Storage Market on Crust Apps and opened storage functions to users for public testing from the end of February.

Crust Preview Network, Apps and DSM

Based on the Substrate and PolkadotJS stack, Crust is building a decentralized storage network. Crust uses IPFS as the underlying data storage, retrieval and exchange protocol, and includes layered solutions on storage proof, PoS-derived consensus, storage market and storage applications.

The Crust Maxwell Preview Network was officially launched on February 4th, 2021. As a preview network, Maxwell implements all of the core mechanisms of Crust, including token staking, Decentralized Storage Market (DSM), and file retrieval. Maxwell runs in a real economic system, and participants can lock and claim their CRU (ERC20) tokens to the Maxwell network for staking, storage and file retrieval from Maxwell. The mining revenue in Maxwell is earned by nodes, which can be claimed back to the Ethereum network. More information is available on the Crust Wiki.

At time of writing, according to the Polkadot telemetry, over 1,200 nodes from around the world have provided over 100 PB of storage capacity as part of the Maxwell Preview Network.

“We’ve allocated a total of 540,000 CRU in rewards for users that participate in the Preview Network, and users can store and retrieve files, stake CRU, or run storage mining directly via our App“, explained Crust CEO Bova Chen.

The Crust DSM (Decentralized Storage Market) is part of the Crust App, and allows storage users to place storage orders on the chain. The files specified in a particular storage order will be stored and retrieved by nodes in the Crust Network. Crust users can directly store and retrieve their files through this system.

Bova gave an example of hosting a website in one click via Crust Apps, streamlining the process of using decentralized website hosting. Hosting a website through Crust allows greater flexibility in bandwidth requirements, and eliminating the need and risk of purchasing servers or bandwidth from traditional providers.

“Now that Crust Apps has launched on Crust, more developers will join us. The storage tab of the Apps Wallet is a good sample of demonstrating how to use the storage network. The development community can refer to it and build their own storage applications”, said Bova.

Besides the DSM App, Crust will release the DSM SDK/API to the public in the middle of March. In addition, Crust will also set more incentives to encourage developers to join and use the Crust SDK/API to develop upper layer storage related applications in the blooming Web3 era of storage services.

The Crust Journey

The Crust project was launched in 2018.

After long term development, Crust Network successively joined the Substrate Builders Program and Web3.0 Bootcamp, and also won the Web3 Foundation Grant.

In September 2020, Crust finished it’s Round A financing with NGC Ventures, SNZ, HashCIB, DFG, KNS Group and AU21 Capital.

From November 2020 to January 2021, Crust has successfully launched its incentivized open test net, “Profit Ark” , with 320,000 CRU tokens awarded to storage nodes widely distributed in Europe, Asia and North America.

Crust has connected to the Rococo parachain testnet.

Crust Network

CRUST provides a decentralized storage network for the Web3 ecosystem. Crust supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to the application layer. Crust’s technical stack is also capable of supporting a decentralized computing layer, and is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Timeline of Crust Network:

  1. 2020 Q4: Incentivized Open TestNet.
  2. 2021 Q1: MainNet launch. Crust will join the parachain slot auction.
  3. 2021 Q2: Product goes to market, Crust API/SDK open for use.

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

Earn up to 50% APY by Staking $GLQ on GraphLinq App

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment ( IDE ) & an app to provide automated...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more