2,000 Petabytes Of Unstoppable IPFS Storage Will Be Available For Elrond NFTs And dApps Via Decentralized Storage Solutions From Crust
We are excited to announce our collaboration with Crust Network, a decentralized storage network that offers powerful distributed storage solutions for building unstoppable dApps.
Through our collaboration, developers building on the Elrond Network will gain access to over 2,000 Petabytes of storage on more than 7,000 IPFS servers spread all over the world.
The InterPlanetary File System is a distributed file system deployed over a network of peers that store redundant pieces of encrypted data, resulting in a truly decentralized, highly available and unstoppable storage layer for building Web 3.0 applications.
Crust Network deploys a suite of comprehensive storage solutions on top of IPFS, which enables Elrond users and developers to store and retrieve encrypted data for a number of usecases.
- Files - a lightweight and open-source Web3.0 application that provides decentralized storage space for storage users. Elrond users will soon be able to login with Maiar, upload files and folders to IPFS with just a few clicks, and get dozens of replicas with Crust’s decentralized storage network.
- Pins (coming soon) – a simple Web3.0 application that decentralizes pins for any given CID (IPFS Content ID) to IPFS for long-term storage. Pins is especially beneficial to NFT users and NFT-related application developers because Pins solves the critical problem of making NFTs’ metadata permanent on the web.
- Hosts (coming soon) – a simple Web3.0 application that helps decentralized hosting for any given web content, static web pages and front-ends.
“The combination of the Elrond internet-scale blockchain protocol and unstoppable storage solutions, such as the ones offered by Crust Network, create a solid trust layer for the new digital economy, on top of which the next generation of powerful Web 3.0 applications can be deployed.” said Lucian Mincu, Elrond Network CIO.
“When researching Elrond tech we discovered several great functions and features that will allow deep integration with the Crust Network decentralized storage layer, which will set the premises for developers to deploy an abundance of use cases that rely on efficient and highly available end-to-end encrypted data storage.” said Luke Fan, Crust Network CTO.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Crust Network
Crust Network is essentially an IPFS incentive layer protocol and a substrate-based blockchain that builds a decentralized storage network of Web3.0 ecosystem. Funded by DCF (Decentralized Cloud Foundation), it is designed to build a decentralized cloud ecosystem that values data privacy and ownership.
Lucian Mincu, co-founder and CIO of MultiversX, is a self-taught tech prodigy, previously engineer at Uhrenwerk 24, Cetto, and Liebl Systems. and co-founder & CTO of MetaChain Capital. His ability to navigate complex challenges and carve out solutions is nothing short of extraordinary, making him a driving force behind the success of MultiversX.
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