With the development of new technologies, information has become particularly valuable. But for easy access from anywhere and security of data has been a real concern so, because of this problem important data is not stored on our devices anymore, it’s sent over the Internet to inaccessible servers (cloud). But security, lack space availability, and cost have been real problems in this industry. Now data is generated by not only people data is also generated by a large number of IT devices, drone technologies, self-driving vehicles, I robots. All of this wants enormous storage capacities, which will cost significant demand and a significant amount of money. This is where DApp such as Casper API will come in to play.
Casper API development is planning to resolve all issue of data storage, quick access to security using blockchain technology. Casper is a cloud storage system for decentralized applications which use Ethereum blockchain using smart contracts.
In a nutshell, Casper allows secure cloud storage facility for important user data with an enhanced of privacy and flexible options for access control of data. Casper planning to removes intermediaries between user and data stored locations. Only the owner of data will have access to their information. Casper’s basic features include.
- Encoding of stored files to increase security.
- High file upload/download rate on peer-to-peer technology.
- Shared file access, feasible data storage pricing.
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.
In summary.
DApp asks the smart contract for a place to download content.
A smart contract finds it and sends the coordinates to the server.
When loading data, Casper API copies to 3 additional servers and saves replicas. As a result, the loss of one of the servers does not lead to loss of information, since the data storage system has 3 more copies.
Benefits for CST Owners
Casper token is the main part of the ecosystem that is used as an internal currency. The entire amount of tokens will be released during the ICO period, 1 GB of storage space will be equal to 1 CST. The tokens will be released as part of the ICO by a separate smart contract under the ERC20 standard. Tokens issued during the ICO can be traded on the exchange. After the end of the ICO, the tokens purchased during it can be converted into the CST tokens of the working smart contract. CASPER API is planning to raise $ 31,800,000 as funds. The minimum threshold for raising funds is $ 4,800,000.
Website : http://www.casperproject.io/
Facebook : https://www.facebook.com/CasperAPI/
Twitter : https://twitter.com/CasperAPI
Whitepaper : http://www.casperproject.io/docs/Casper_whitepaper_eng.pdf
Author: KOVALENKOV
BitcoinTalk profile link:https://bitcointalk.org/index.php?action=profile;u=1838510
ETH Address:0x5773C30A08ed81A8B06E56A7CF68dBc4aaca7494