CESS showcases decentralized cloud-based data storage solutions for Web3 at TOKEN2049 in Singapore

Cumulus Encrypted Storage System (CESS), the 3rd generation decentralized cloud data storage protocol designed exclusively for Web3, joined the TOKEN2049 conference in Singapore this week. Some of the most recognized names in the crypto space were invited to attend, including Amber Group Managing Partner Annabelle Huang; Alexander Höptner, CEO of BitMEX; and Aleksander Leonard Larsen, the co-founder of Axie Infinity.

The event brings together a wide range of industry thought leaders, founders, visionaries and investors. During the two-day conference, speakers, guests and other attendees have the opportunity to attend panel discussions, fireside chats, networking sessions and in-depth discussions on the transformative nature of Web3.

Some of the sessions held included discussions on the growth of DeFi; governance and compliance for Web3; women in crypto; social commerce; scale with ZK rollups; decentralized exchanges; the growing importance of NFTs; Metaverse opportunities; Adopting Web3; and DAOs.

Jessie Dai, co-founder of CESSwho attended the event, said: “We are excited to attend TOKEN2049 and discuss with industry experts, developers, VCs and KOLs how innovative solutions, such as CESS, can drive value creation and hold the User-centric promise of fast, high-performance, cost-effective and secure Web3 applications stored on CESS’s next-generation decentralized cloud storage protocol.

As a platform designed for Web3 Internet performance and security, CESS has a multi-layered architecture in which the performance of each layer is independent of the other layers. This helps balance the system load. CESS also solves the long-standing “miner’s dilemma” problem, thanks to the trustless, low-power consensus mechanism (called R²S) that guarantees the integrity of consensus nodes.

Along with other innovative advancements such as pooling storage space from global nodes to maximize the use of fragmented storage space to the use of a Trusted Execution Environment (TEE) that provides security and data protection, CESS is on its way to becoming the enterprise-grade cloud. solution of choice for users around the world.

To learn more about CESS, please visit https://cess.cloud. To learn more about TOKEN2049, please visit https://www.asia.token2049.com/.

About the CESS

Cumulus Encrypted Storage System (CESS) is a secure, efficient and scalable decentralized cloud storage network that provides data storage services and data sharing platforms for Web3.0. It is the first decentralized storage network that offers comprehensive data solutions for large-scale commercial applications. As an open source and public blockchain, CESS positions itself as the underlying network infrastructure equipped with built-in APIs and SDKs for easy deployment of dApps. It supports WASM and is compatible with EVM smart contracts, making CESS widely available for large-scale commercial applications with its superior data processing performance.

Through a variety of innovative technologies combined with meticulous engineering design, CESS efficiently manages the storage space resources of all miners around the world, enabling the CESS network to truly realize the decentralization protocol.

CESS adopts multiple mechanisms and proprietary technologies to ensure data integrity, security, traceability and confidentiality. The rotational random selection (R²S) mechanism solves the “miner’s dilemma” and guarantees a stable and efficient network. Proof of Reduplication and Recovery (PoDR²) ensures data availability and security. And Multi-Format Data Confirmation (MDRC) ensures data ownership is protected.

All incentives are guaranteed by a set of transparent and fair incentive mechanisms. Anyone can join CESS fairly to become a consensus minor candidate through R²S, preventing large nodes from having a monopoly on the network. R²S also achieves low gas fees and 10,000 GST.

CESS supports use cases such as Metaverse, NFT, DeFi, streaming media, social media and all web2 and web3 storage, helping to create a diverse and robust ecosystem where transactions are secured by encryption and the ownership of the data is returned to its rightful owners.

Media contact:

Robert Pennington

[email protected]

Via KISS PR

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