Developers managed to create a fully decentralized repository, operating under smart contract management. The Casper API does not have its own blocking software and can work with all platforms that have smart contracts.
In this project, the team focuses on the very serious problem solving faced by decentralized app developers (DApp).
The Casper project implements the Casper API. With this solution, any decentralized app on the blockchain will be able to use the Casper API to store its user data.
Casper API is a smart contracted data storage system, which can be integrated into a decentralized application. It works based on the following principles:
- The user sends a request to the Casper API to place information in any blockchain.
- Casper API asks for free space to store data from this smart blockchain contract.
- The smart contract provides the server address where data can be placed.
Casper API stores all user data on 4 servers at once, so if one of them fails, you can still access it. Data can be encrypted or not, depending on the type of content and user needs.
It should be noted that private "data storage" providers can be involved in large systems and data center operations. To provide free space, they will be able to receive prizes in CST tokens.
The main competitive advantages of the Casper API architecture include:
- Adaptation. Casper API allows users to use blockchain systems that support smart contracts and meet client requirements.
- Security. The security of data transferred for storage is guaranteed by the Zk-Snark algorithm and the P2P protocol.
- Availability. Casper API alone will offer blockchains for the most profitable data storage with minimal cost. In addition, this app will have an intuitive interface, which can even be addressed by newcomers in the industry.
Blokchan is a very advanced technology of its time, which provides many benefits to all its users - both business representatives and their customers. But every system has significant losses, for example, in this case, blockchain technology is excessive cost to store data in the system, and also there is no guarantee that data will remain completely confidential. The global goal of Casper API is to solve this problem in the most efficient and reliable way by creating a cheap and decentralized data warehouse based on blockchain technology so that your data in any situation remains truly protected and private.
Briefly on how it works?
Casper will be the fastest and most reliable way to store information for DApp. The principle of data distribution will be based on various providers that provide free disk space and information transfer channels. Also, the Casper platform will appeal not only to DApps developers and organizations, but also to the casual users who want to store their personal information with a high degree of reliability.
Working with the Casper API requires a client application. Casper API offers DApp creators to take on new development levels by starting creating full client applications with a backend on decentralized Ethereum computers combined with hard drives from Casper API. In this case, Casper API can connect peer-to-peer network participants to smart contracts and other blockchain platforms, and along with Ethereum.
Casper uses the prospect
Casper is a data storage network, which may prove to be of interest to users of common cloud services. One characteristic of Casper is the absence of common fault points, such as DNS services. However, Casper is built to adhere to the principles of blockchain, that is, automatic implementation of user demand, regulation by network participants, the absence of common points of decision-making, independence of individuals and organizations. This allows the continued use of Casper DApps without degradation of their characteristics
Casper Features
Casper allows users to upload random files to a cloud service, and access them later from any device.
Casper's basic features:
- Encoding saved files
- High upload / file rate thanks to peer-to-peer technology
- Access shared files
- Data storage rates are eligible
Some Casper API Attractives provide a unique and excellent solution for Big Data Storage of DApps
Since the first appearance of Casper API on Pre-ICO held in December 2017, high enthusiasm has been shown by investors with phenomenal API token purchase in just 60 minutes SOLD OUT ...!
Within the duration of time, the Pre-ICO target has been achieved by generating approximately US $ 1 million. The explosion of investor interest in Casper API occurs due to the background of this data storage technology needs and the problems can be met accurately and accurately by Casper API.
With an independent Casper API system of blockchain platforms managed under smart contracts, DApps's massive data storage specifically can be presented comfortably, securely and reliably. From the user's point of view, the service is very important. So it is not surprising that investors strongly trust the future business of this Casper API, it seems now that Casper API is considered the hottest prospective investment.
General Business Overview for Casper API
As mentioned earlier that an excellent solution is provided by Casper API, it would be nice to look at the general business of this platform. Casper API releases a coin called Casper Tokens (CST) that is used for payment payments in services on all blockchain platforms and to buy franchises by service vendors, now quotes for services rated 1 CST for 256 GB of storage allocation under intelligent contract management. Storage capacity is determined from ICO based on CST 1 price, but after that will increase when CST price increase. There are 2 methods for CST business:
- Redeem like any other token do
- Hire a token
Both token business methods are allowed in smart contracts either for users or vendors that provide storage space to users. While the Casper company itself will receive general revenue from below the flow:
- Funds collected at ICO
- Token rent as a commission for operations in the CST circulation within the system
While the Company's costs consist essentially of overhead costs, marketing costs, and Shaping project replacement funds. To illustrate fairly, it sets two scenarios for both positive and negative. In a positive scenario, in year 2 has gained 2 million USD and in year 5 reached 991 million USD. While in a negative scenario, year 3 will profit: 14 million USD and year 5 will gain: 547 million USD !!! It is really a remarkable project to achieve such a remarkable figure, even considered a negative scenario can still earn profir about 500 million USD
Advantages of Casper API:
- Safe, convenient and inexpensive storage of large amounts of personal data, video, audio material, photos. All data will be encrypted using the zk-SNARK method and the compliance control under the terms of the contract will be affected by the "smart contract".
- Instant and timely access to databases and entire infrastructure from anywhere in the world.
- All platform clients will be able to independently select their potential partners, without intermediaries, to connect to their accounts and manage them.
- There will be complex multi-level systems to protect personal information that can not be deceived.
- Thanks to the blocking technology of the platform, all the excessive intermediaries will be removed, therefore the service here will be 3 times cheaper than the competitors.
- Personal customer information will be distributed among 4 independent servers (CIC), which will be located in different parts of the world. Upon your request, they can be returned at an additional cost. From your files in the data center can be made a copy and stored here, for an additional guarantee. They can not be stolen or lost.
- There is no need to load expensive equipment and staff, to rent a data center (CCD) room, which will increase the token owner's profits.
- International Internet and ITC service providers will be able to receive additional revenue by providing paid services to each other, for example, advertising. Participate in ranking preparation and receive additional remuneration for them.
- Only holders of CST tokens will be able to receive bonuses, discounts, and earnings. Your earnings will depend on the number of tokens invested in the platform work. If you do not collect the required amount, the money will be returned to you.
Information about the Casper API platform:
For more reliable protection of the entire ecosystem information, the "smart contract" and "P2P" (pi-to-pi) and zk-SNARK encryption methods, used in Zcash, will be used.
zk-SNARK is a cryptographic proof protocol "with zero disclosure." With that, the client can prove "check" that he has evidence or knowledge of the password without showing the number of passwords. This system is based on trust. You tell the system: "I have a password." The system responds: "I believe." "Minute Proof" proves "check" that your steps (passwords) are correct and in accordance with the conditions of the smart contract. "In this case," zero knowledge "will come into effect, even if it will only show part of the password, it will still be accepted by the system and no one will know your password completely.
CST (Casper token) is a major component of a developed ecosystem that is used as an internal currency.
Standard - ERC20
Platform - Ethereum
Casper API issued its own CST token, which will be used for calculations in services across all blockcheyn platforms and for franchise provider acquisitions. After the release of ICO, tokens will be traded freely on the stock exchange.
Thanks to this scheme, private providers will be able to take advantage of unused hard disk capacity in the form of a CST token.
The token owner, in addition to free trading on the exchange, will even be able to rent it out to suppliers for greater profit!
1 CST = $ 0.08-0.16, the sale of this token will be through the Smartphone platform from Ethereum.
The expected collection amount through token sales is $ 31.8 million, and the minimum collection amount is $ 6,700,000.
All transactions on the CASPER platform will be performed using CST.
The CST owner has the following options:
- Become a resource provider (1CST = up to 25.6 GB) to meet storage needs of the service and receive rewards for it.
- Rent a vendor token and earn some of your rewards for using your token.
- Sell token freely on the exchange at market value.
team
Roadmap:
- 2011 Digital Legion Digital Company was created.
- May 2017 First came the idea of Casper.
- November 2017 The White Paper Project is implemented.
- December 2017 initial ICO conducted.
- February 2018 Creating an MVP project.
- March 2018. The first supplier joins the system.
- April 2018. The first Dapp joined the system.
- May 2018 ICO held.
- July 2018. Launch of alpha version of Casper API.
- October 2018 Launch of beta version of Casper API.
- January 2019 Launch of Casper API.
- Starting Global Supplier Relations 2019.
Conclusion
Casper Believe that with a solid and dependable team and system, it can provide users with a decentralized, secure, and powerful data storage service, and provide users with the benefits and conveniences that can enhance their experience in developing and building DApps. Team Casper also believes that with systematic and professional development, Team Casper can build a better platform than similar platforms.
FOR MORE INFORMATION:
Official website: http://www.casperproject.io/
Facebook: https://www.facebook.com/CasperAPI/
Twitter: https://twitter.com/CasperAPI
Telegram: https://t.me/CasperProjectENG
AUTHOR: cobaahyuk
ETH: 0x952Ba6f317cdD5f5aa6655CE6eCdcEd0252a72d2
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