Casper API is a startup business that aims to decentralized traditional high-cost cloud data-storage of today and to provide a solution that brings a full adaptation of cloud data-storage market to owners and developers of decentralized application (DApps). Casper API team of experts choose to conduct ICO to further support the development and raise public awareness both in the crypto world and beyond.
The Casper API creates an environment for distributed data storage. Existing systems are expensive and unfriendly towards the user. The tone in this industry is set by giants like Amazon, Microsoft, IBM.
But, like all monopolists, they do not keep up with the rapidly changing situation. Data centers and cloud services are centralized structures that spend significant funds for their maintenance and operation. And decentralized markets and the emergence of a huge number of new entrants require new opportunities at lower prices and with greater security.
What is Casper API
Casper API is a decentralized data storage system for DApps (decentralized applications) on any blockchain with smart-contracts. Casper API is a cross-chain solution allows creating new DApps never before possible. For example: decentralized blogging platforms (like Medium), marketplace or social media. Casper API raises the level of the blockchain ecosystem, thereby developing the blockchain market. The technologies by which the Casper API complements any blockchain with smart-contracts are decentralized p2p storage and CDN.
Imagine our nearest future, when information will not only be generated by you, but billions of IT devices: drones, self-driving cars, robots, AR/VR. All of them require an immense storage volume for information, which will cause significant demand for the service in question from both classic-style applications and DApp.
Casper API can help solve the issue of high data storage prices. After switching to a decentralized storage you can save up to 66% compared to the cloud storage giants of today. This is made possible with the help of providers putting up their hard drive capacity, both private persons and data centers can put up as little as 25.6 GB for rent and enjoy monthly rewards in CST – the system's tokens. It will help increase the reliability and security of the data stored due to decentralization. You will never lose your data and will always have access to it. By uploading your data you can be sure that you alone is the only person with the access.
Located all around the world, providers ensure the operation and security of the entire network, and the smart-contract automatically runs hourly check-ups when copies are created. Thus upon finding a disconnected provider, the system immediately copies all the data stored on his HDD, keeping the number of proper copies.
Cloud storage market looks like the most perspective out there at the moment, projected to reach $72 billion by 2020. This makes the solution put forth by Casper API all the more attractive.
Casper API Features
Casper enables users to upload random files to a cloud service, and access them later from any device.
- 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.
How it will pay ?
The supplier receives payment for storage and unloading, and data download is free of charge. It transfers 15% of the earned to the Casper API Fund as a Commission. According to the developers, the supplier's costs for equipment, communications and electricity will pay off in about 5 months.
The client pays for data storage in the format: gigabytes per month. The tariff is tied to the dollar, but is paid by internal CST tokens. This is done because the data can be stored in several blockchains in parallel, so that there is no confusion, one token is chosen as a means of payment.
CST can be used to pay, trade on cryptocurrency exchanges, or rent out to other members of the Casper API ecosystem.
DApp with Casper API interaction
Casper is being created for your DApp to store information from your users more efficiently and reliably.
Customer’s DApp may interact with DApp’s smart-contract, with Casper smart-contract or with peer-to-peer Casper API. In addition, DApp’s smart-contract may interact with Casper’s smart-contract. Web application will be the most general-purpose application for DApp.
Casper Tokens (CST)
Casper issues its own monetary unit – Casper token or CST, which is used for payment settlements within the service on all blockchain platforms and to purchase franchise by service vendors. After being issued at ICO the tokens will be freely traded at exchange.
CST token will be issued within the limits of preICO as separate smart contract, not according to ERC20 standard. Issued tokens will not be traded at exchange. After completion, ICO tokens purchased on preICO will be converted in CST tokens of working smart contracts.
CST token will be issued within the limits of ICO as separate smart contract according to ERC20 standard. Tokens issued at ICO will be traded at exchange. It will be possible to convert tokens purchased in the process of preICO in tokens of smart contract for ICO using exchange() method of smart contract. After completion of ICO it will be possible to covert tokens purchased in ICO process in CST tokens of working smart contract.
Conclusion
In Conclusion, Casper can provide users, a decentralized, secure, and powerful data storage service, and provide users with a variety of benefits and conveniences that can enhance their experience in developing and building DApps. Casper API is attractive because
we don’t build a cloud storage, but we help DApp on any blockchain platform with smart- contract to resolve task of data storage, and quicken development of blockchain project industry. Furthermore, our utilities will result in reducing storage prices at vendors.
For More Information
- Website : https://casperproject.io
- Telegram : https://t.me/CasperProjectENG
- Whitepaper : https://casperproject.io/docs/Casper_whitepaper_eng.pdf
- ANN Thread : https://bitcointalk.org/index.php?topic=2869690.msg29471516#msg29471516
- Facebook : https://www.facebook.com/CasperAPI/
- Twitter : https://twitter.com/CasperAPI
- Medium : https://medium.com/@CasperAPI
- Reddit : https://www.reddit.com/user/CasperAPI/
- Github : https://github.com/Casper-dev/
- Steemit : https://steemit.com/@casperapi
Author: Raghav
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2235966
Eth: 0x11b2642E17Bf70C834CaA29a97D2030303d07069