CRU Crust Network

Use Cases of Crust Network

Crust Network is designed to support various decentralized storage and data management scenarios. Here are some of the key use cases:

Serverless DApp/Website Hosting

• Deployment: Developers can deploy their own DApps/websites on Crust/IPFS Network, focusing on building without server management.
• High Availability: Crust Network incentivizes multiple nodes to store DApp/website files, ensuring high availability.

General Off-Chain Data Storage

• NFT and Social Platforms: Crust/IPFS Network provides off-chain data storage services for blockchain-based decentralized applications with large user data.
• Storage Services: Developers can offer stable storage services by integrating the Crust/IPFS SDK into applications.

Accelerated Content Delivery

• P2P CDN Services: Developers can build P2P content delivery network (CDN) services with Crust/IPFS Network.
• Edge Nodes: Crust Network incentivizes nodes to distribute CDN data, acting as CDN edge nodes to accelerate data transmission.

Secured Cloud Storage

• Cloud Storage Applications: Developers can build cloud storage applications with Crust/IPFS Network without maintaining storage clusters.
• Stable Storage: Integrating the Crust/IPFS SDK into applications provides users with stable storage services.

Decentralized Computing and Edge Computing

• Decentralized Ecosystem: Crust supports a decentralized computing layer and builds a decentralized cloud ecosystem.
• Edge Computing: Crust's decentralized storage is closer to the edge, offering low cost and high performance compared to centralized cloud storage.

NFT Data Storage

• NFT Files: Crust accepts NFT trading platforms and NFT publishing tools, storing NFT files in the Crust network.
• Decentralized Storage: Crust provides storage solutions for decentralized blockchain full node data.

P2P Content Storage and Distribution

• Content Distribution: Crust provides content distribution for decentralized audio/video content and social media websites.
• Storage Solutions: Files like road traffic images, invoices, and live videos can be stored using Crust for cheaper and more convenient storage methods.

Pros of Crust Network

• Decentralized Data Storage & Sharing: Crust Network offers a decentralized platform for storing and sharing data, making it suitable for both individuals and developers.
• Off-Chain Operations: It allows for off-chain data storage, which is particularly beneficial for large data-intensive applications like NFT projects and decentralized social platforms.
• Utility and Governance: The CRU token serves both utility and governance purposes, ensuring the security and order of data storage resource provision.
• Serverless Hosting: Developers can host decentralized applications and websites in a serverless fashion, eliminating the need for server management and making file storage and management processes cheaper and simpler.
• Faster Content Delivery: The network enables faster content delivery by incentivizing multiple nodes to share files, creating a peer-to-peer content delivery network (CDN) service.
• Integration with Multiple Blockchains: Crust Network is integrated with various blockchains, providing a fully decentralized storage layer for projects like Ethereum, BSC, Polygon, Solana, and others.

Cons of Crust Network

• Steep Learning Curve: The project can be complex for beginners, especially those unfamiliar with decentralized data storage and cross-chain functionality.
• Data Redundancy Issues: Crust uses data replication instead of erasure encoding, which means data stored on the network has lower permanence as nodes can freely enter and exit the ecosystem, potentially leading to data loss.
• Dependence on Node Participation: The network relies on nodes to store and distribute data, and if nodes leave the ecosystem, the data stored in these nodes may also be lost.

Founders of Crust Network

• Luke Fan: CTO and Co-Founder of Crust Network.
• Other founders: Not explicitly listed in the provided sources, but Luke Fan is mentioned as a key figure in the founding team.

Investors in Crust Network

Crust Network has received funding from various investors across different rounds. Here are some of the key investors:

• Seed Round: Investors include IOSG Ventures, DWF Labs, and Bitscale Capital.
• Private Round: Investors include Mapleblock Capital, NGC Ventures, AU21 Capital, SNZ Holding, Waterdrip Capital, Lotus Capital, and Chain Capital.
• Additional Backers: Original Capital and SNZ Capital are also listed as investors in Crust Network.

Halal Status of Crust Network

• Halal Status: Yes
• Reason: Crust Network is considered halal because it operates on a decentralized model that aligns with Islamic finance principles, focusing on transparency and community governance. The network uses a consensus mechanism called Guaranteed Proof of Stake (GPoS), which ensures the integrity and stability of the network without involving interest or other haram elements.