Casper API (CST)-Decentralized Platform to Keep Data Safe and Relia...

Casper API (CST)-Decentralized Platform to Keep Data Safe and Relia... | Ecency

INTRODUCTION

CASPER API is an infrastructure project for big data storage on the blockchain, which allows to build a file storage to configure the optimal routes of content delivery (CDN), to store backups, to work with corporate data storage.

Casper is a protected and reliable utility for DApp based on Ethereum platform. It is the fastest way to ensure your DApp stores data, i.e., video, photo, audio, text, databases. It is implemented by joint effort of a variety of vendors, which provide their hard drives and internet-channels for storing and transferring your files.

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.

HOW IT WORKS

Casper API works in a way that a decentralized application places an inquiry with the smart contract regarding available free space for content; in response, the smart contract sends the address of the server where the data can be uploaded. As the file is uploaded, Casper API copies the file to three more servers; in total, there are four copies of the file.

The same number of copies is maintained in the future. When any one of the servers becomes unavailable, it is replaced by a new one, which downloads a copy of the file from the three remaining servers.

ADAVANTAGES

• Introducing of smart contracts on the basis of any blockchain platform allows data to be transferred quickly and safely;

• Files are encrypted with a trusted code, and are also divided into parts for the transfer, so that third parties cannot access them and take advantage of your intellectual property;

• Reliability of the system as a whole, which is provided by duplication of parts, dynamic analysis and correction of failures.

FEATURES

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

CASPER TOKEN

Casper issues its own monetary unit – Casper token or CST, which is used for payment settlements within the service on all blockchain platforms and to purchase franchise by service vendors. After being issued at ICO the tokens will be freely traded at exchange.

CST token will be issued within the limits of preICO as separate smart contract, not according to ERC20 standard. Issued tokens will not be traded at exchange. After completion, ICO tokens purchased on preICO will be converted in CST tokens of working smart contracts.

At Pre-ICO phase it is planned to sell tokens at a discount. 1CST = $0.8. Total amount of funds: $1 040 000. Sales will be implemented via Ethereum smart-contract as per USD/ETH updated rate as of the day Pre-ICO is launched.

The sum planned to be raised via token sales is: $31 800 000. Fund raising minimum threshold is: $4 800 000.

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