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.
1. Encoding of stored files to increase security.
2. High file upload/download rate on peer-to-peer technology.
3. Shared file access, feasible data storage pricing.
Casper Project: your ghost data!
The Casper project (http://www.casperproject.io) aims to become a reliable data and file storage system that’s based on a P2P (peer to peer) decentralized network, aimed at DApp (Decentralized Apps) developers. The main actors of this network are the storage solicitors and the storage vendors.
Any individual or company that has the hardware means to provide storage space on the Casper Network. These vendors will have the opportunity to band together in data centers that will facilitate higher throughput and low latency to the Casper network. In exchange for their services, vendors will be awarded CST tokens, an ERC20 based token that will leverage the power of Smart Contracts, holding all the involved parties accountable for their end of the bargain.
1 CST token will equal roughly 256 GB of storage on the Casper network. Using this business plan will put the centralized file storage systems out of business as they will not be able to compete with the prices that the Casper Network operates on.
Individuals who want to use the Casper Network to store their data on a secure P2P system. Once the data is uploaded to the network, the solicitors can rest assured that their information is safe, as the storage vendors cannot access it due to the advanced network encryption algorithms. Full data redundancy is also a vital feature of the Casper Network.
If for any reason any coupled hardware system decides to go rogue or off the grid, the Casper API will automatically re-route the “lost” data to a different storage vendor. This way, Casper implements an automated rating solution that is going to reward the most reliable storage vendors.
A robust governance system is set in place as well but without tampering with the heart of a genuinely decentralized blockchain system that’s meant to auto-regulate.
Safe data storage will always be in demand regardless of the trends or times. Projects like Casper are going to be vital for the sustainable growth of the emerging technologies.
:: Casper Features ::
Casper enables users to upload random files to a cloud service, and access them later from any device.
Casper’s basic features:
● Encoding of stored files
● High file upload/download rate thanks to peer-to-peer technology
● Shared file access
● Feasible data storage pricing
File encoding ensures data is stored confidentially. Each file is encoded at the user’s side before transfer, and only the user keeps encryption keys. Only the user may transfer encryption keys to someone else to share access to the file.