BitMart, a premier global digital asset trading platform, will list a top storage section token Crust (CRU) on October 15, 2020. CRU/BTC and CRU/USDT trading pairs will be available at 3:00 AM EDT the same day.
Designed to build a decentralized cloud ecosystem that values data privacy and ownership, Crust breaks new ground by solving long-lasting problems for centralized cloud computing and storage platforms, such as service instability, high network bandwidth cost, and limited data transmission capacity.
As a decentralized cloud storage system, Crust welcomes everyone, like a cloud service provider, demander, and system maintainer, to participate publicly and freely in this distributed network when following the system agreement. By applying a new generation of blockchain technology that strengthens decentralized storage and computing, Crust builds up a fair and open mechanism featuring high stability, robust security, and low energy consumption.
Crust supports multiple storage layer protocols such as IPFS (InterPlanetary File System) and exposes storage interfaces to application layers. Significant functions of Crust tokens include maintaining GPoS (Guaranteed Proof of Stake) consensus of the Crust network, serving as contract guarantee, commission and transaction fee for using the network, etc. Its whole token ecosystem is backed by leading blockchain and FinTech industry influencers. Partners include Chain Capital, Edge Computing Consortium, Hash Crypto Investment Bank, etc.
“Crust Network plays a prominent role in the rapid development of the decentralized cloud storage field,” said Sheldon Xia, Founder and CEO at BitMart, “Its commitment to enhancing data storage security while breaking the barriers of service instability is aligning with BitMart’s goal as well. We are excited to list another top storage section token on our platform and diversify investment choice for our users.”
To celebrate CRU’s listing, BitMart is announcing an Invitation Ranking Event from October 16 to October 23. By trading CRU and other selected storage section tokens, users will have a chance to share 5,000 USDT rewards. Click here for more information.
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Based on the TEE (Trusted Execution Environment) technology, Crust implements the MPoW (Meaningful Proof of Work) mechanism to quantify meaningful storage resource usage and generate corresponding work reports in a reliable way. Crust's GPoS (Guaranteed Proof of Stake) consensus uses storage resources as a guarantee. It encourages nodes to provide more storage resources, and improves the security and robustness of the network. With GPoS consensus and MPoW mechanism, Crust can support the quantification and consensus of both storage and computing resource usage, and builds ubiquitous decentralized cloud storage and computing capabilities.