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Home Cryptocurrency

CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem

Salar Khan by Salar Khan
4 August 2024
in Cryptocurrency, News
Reading Time: 3 mins read
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CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem

CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem

Discover how CESS’s Venus Testnet is revolutionising decentralized storage with groundbreaking innovations in data security, storage efficiency, and user experience. Learn about the key features, rewards, and the future of blockchain storage technology.

CESS, launched the Venus Testnet on July 31, 2024. This major milestone marks a significant leap in decentralized storage, CD²N (content decentralized delivery networks), and AI integration, setting new benchmarks for data security, storage efficiency, and user experience within the Web3 ecosystem.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Qubetics Raises $17M in Stage 34 – Top Token Presale – While Aptos Faces Market Pressure and MakerDAO Gains Strength
    • Breach, Bribes, and Bitcoin: Coinbase’s Worst Week Ever?
  • About CESS
  • Advancing Blockchain Storage Technologies
  • Innovations in the Venus Testnet
  • Venus Testnet Enhancements for CESS-DeOSS
  • Rewards for Storage Nodes
  • Conclusion

YOU MAY BE INTERESTED

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About CESS

Cumulus Encrypted Storage System (CESS) is a blockchain-powered decentralized storage and content delivery network infrastructure designed for the Web3 era. It provides a platform for users and creators to share on-chain data, and for builders to develop and deploy DApps. CESS offers an optimal Web3 solution for storing and retrieving high-frequency dynamic data, reshaping the value distribution and circulation of data assets while ensuring data sovereignty and user privacy.

By utilizing a decentralized physical infrastructure network (DePIN) model, CESS drives the mass deployment of network nodes globally through incentives. This approach not only enhances the reach and capability of the network but also ensures a high level of data security and efficiency.

Advancing Blockchain Storage Technologies

The Venus Testnet represents a significant advancement in decentralized storage technology. CESS has consistently worked on updates and optimizations to create a robust infrastructure. Nicholas Zaldastani, Chairman of CESS, commented on the achievement, stating, “Through continuous updates and optimizations, CESS has established a strong infrastructure position, addressing challenges in decentralized storage and CD²N. Setting industry standards is our contribution to the industry, advancing blockchain storage technologies toward maturity and broader applications. The launch of Venus Testnet underscores our dedication to pushing the boundaries of decentralized storage technology. We are excited to see how these innovations will drive industry standards and empower users with unparalleled data security and efficiency.”

Innovations in the Venus Testnet

The Venus Testnet brings several innovative features aimed at enhancing the performance and reliability of storage nodes. Among these is an optimized idle space proof algorithm, which reduces the time needed to generate random challenge proofs. Additionally, an enhanced idle data generation algorithm cuts memory usage by 50%, and an improved idle data recovery algorithm speeds up the recovery of lost idle data.

CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem
CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem

The introduction of multiple storage node deployment scripts is another key innovation. These scripts facilitate efficient management of multiple nodes on a single device, simplifying operations for users. Furthermore, the redundancy multiplier for user data has been increased from 1.5x to 3x, significantly enhancing data integrity and reliability.

Venus Testnet Enhancements for CESS-DeOSS

The Venus Testnet also brings notable improvements to CESS-DeOSS. A new large file breakpoint continuation feature, along with a corresponding go SDK method implementation, ensures better handling of large files. Additionally, a pluggable download cache module has been introduced to enhance cache space utilization, and a pluggable file storage scheduling module improves user file storage efficiency.

Another significant feature is the DeOSS proxy authorization feature in the SDK, which allows for batch initializing and gifting of storage space. These enhancements are designed to provide a more efficient and user-friendly experience, making the Venus Testnet a noteworthy development in decentralized storage technology.

Rewards for Storage Nodes

The Venus Testnet offers substantial incentives for storage nodes. A total reward of 60,000 points, equivalent to 6 million CESS tokens, is available for storage nodes. These rewards are calculated based on their percentage of total mining rewards, encouraging active participation and contribution to the network.

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Conclusion

The launch of the Venus Testnet is a landmark event for CESS and the broader decentralized storage industry. With its array of technical innovations and improvements, the Venus Testnet sets new standards for data security and storage efficiency in the Web3 ecosystem. As CESS continues to push the boundaries of decentralized storage technology, it is poised to play a pivotal role in the advancement and maturity of blockchain storage technologies.

CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem
CESS Unveils Groundbreaking Venus Testnet in Decentralized Storage Web3 Ecosystem

The introduction of the Venus Testnet is not just a significant step for CESS but also a major milestone for the entire industry. By addressing key challenges and offering groundbreaking solutions, CESS is leading the way toward a more secure, efficient, and user-friendly decentralized storage future.

Tags: CESSDAppsDecentralized Storage Web3 EcosystemVenus TestnetWeb3
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