Blockchain Tech

Casper API to Help Decentralized Applications Solve the Issue of Storing Information

February 27, 2018


Casper API to Help Decentralized Applications Solve the Issue of Storing Information

The development of genuinely decentralized applications necessitates creation of a decentralized repository for a data set. The Casper solution will scale Dapps skills and open a doorway into the mass marketplace.

Their number will keep on growing, this season. In accordance with Ethereum co-founder Steven Nerayoff, in 2018 there could be 10 times more. Aside from Ethereum, other blockchain platforms are quickly developing, focused to serve as ecosystems such as NEO, Lisk, Stratis, Waves, EOS.

It might cause the appearance of tens of thousands of software applications in the long run. They all are already facing or will soon face one of the main issues of this information space, i.e. that the issue of storing huge volumes of information.

Cloud storages in IT-giants Amazon, Google and others have gained popularity. Several users us these companies’ help, both public and commercial. But these services have a single drawback that runs counter to the very idea of decentralized applications. They’re controlled by one provider, meaning that they’re vulnerable and so are concentrated.

The concept of Dapp is decentralization. The services for keeping the data of decentralized software should share this characteristic. The lack of such services hinders the evolution of DApps. Furthermore, nowadays DApps can not create a mass interface due to technical limitations of the blockchain they are constructed on.

Projects, such as Filecoin, Storj, Sia, along with others, have announced plans to create repositories, but so much these alternatives are in the early phase of their development and have a number of significant limitations. They depend on a single blockchain or attempt to create their blockchain, which has not yet been popularized, which is, attract as infrastructure participants as you can.

Decentralized applications require confidential, dependable and decentralized cloud storage. This service is developed from the Casper project team. Their goal is to create a safe and reliable storage infrastructure for DApps, compatible with blockchains, be it Ethereum or its own future rivals.

The decentralized storage platform will include a great number of providers. They can be either ordinary users with home equipment or information centers which have unused capacities. Providers will receive a fee for data storage services. Not only those who have access to this network will be able to be a provider, but also those that are connected to some fast Internet channel, but have a large storage capacity. The first will behave as hosting providers, and the latter as copies. This strategy allows to expand the assortment of possible suppliers, without restricting them. There are two requirements for providers — to be online 95 percent of time and to get a speed of 5Mbps.

In order to avoid data loss or alteration, all information will be saved in four replicas in an encrypted form. Storage capacities’ providers will not be able to see or edit it. While investments will be approximately $ 2,386, the revenue from storage of 50 terabytes of the vendor will probably be approximately $ 953 per month. This is the amount to be invested to obtain a disc for 50 TB, racks for its placement and also a high-speed Internet channel.

The storage of 50 terabytes of data for customers will cost approximately $5,445 per month. This is 66 percent less than a similar offer from the market leader Amazon, whose saving of 50 terabytes prices about $16,500 per month.

They will be dispersed within the crowdsale. According to calculations of Casper’s financial analysts, taking into consideration the situation that is negative, the CST token price increases with the initial cost at $ 1 five years to at least $63 following the initiation of the platform.

Casper’s mission is to help scale the development of decentralized applications. Having access to storage, DApps may create complex user interfaces, friendly to users that are average and may get really decentralized without relying on centralized repositories.

source ccn