- Market Cap
- $10.30M (#836)
- 14.95M / 25.22M
Crust Network is a decentralized storage network that is fully based on the Polkadot chain. The main way through which it works is by decentralizing data storage through the distribution of files to different nodes within the network. This, in turn, fully eliminates any requirements when it comes to centralized entities to control the input or the...
Crust Network is a decentralized storage network that is fully based on the Polkadot chain. The main way through which it works is by decentralizing data storage through the distribution of files to different nodes within the network. This, in turn, fully eliminates any requirements when it comes to centralized entities to control the input or the output of information, alongside data storage.
The Crust Network also supports a multitude of storage layer protocols, such as the Inter Planetary File Systems (IPFS). Additionally, the platform can be easily accessed due to the fact that the storage interface is visible on the application.
Through the platform, any user can essentially manage their data freely and take full charge of their security as well as reliability through leveraging the power of encryption, access control, and backups.
That said, the Crust network also follows a multi-layered architecture with the goal of delivering this decentralized data storage functionality.
The CRU Token Explained
The CRU tokens, otherwise known as the Crust tokens, are the native utility tokens of the platform that can be used for staking, which gives users the ability to become nominated for block generation in the future.
Additionally, CRU tokens also serve other functions, such as block rewards, fees payments, token transfers, and a node enrollment pledge, as well as node penalty.
Every verifier and candidate essentially shares a portion of the block rewards within each blockchain cycle, where guarantors get a portion of these rewards as a form of guaranteed income.
Furthermore, CRO tokens can also be used to pay the storage resources available within the Crust markets. These storage fees will enable users to enter the account of the storage nodes throughout each storage cycle as a result.
Features of Crust Network
The main thing that makes the Crust Network unique and filled with features is the Crust ecosystem which has different participants.
These are split across candidates, verifiers, guarantors, and users.
The candidates are the nodes that can be nominated as network verifiers and are responsible for providing storage resources by putting them as guarantees.
In order for them to actually be eligible to run as a network verifier, they need to stake a specific amount of CRU tokens.
They also need to keep their nodes online. They do not participate within the block generation process but can receive a share of the reward within each cycle.
Then you have the verifiers, who are the nodes that are essentially responsible for the maintenance and security of the data and its privacy.
Their goal Is to package and essentially generate blocks within the Crust network, which helps in its maintenance through participation in its consensus model.
The guarantors are the accounts that are not stakers but help provide guarantees for the nodes within the Crust network. They essentially delegate their storage resources to other nodes where they get income as a reward. Last but not least are the users, which are essentially subscribed to the network, and the consumers of the resources, which are the storage and computing.
|52W High price||$37.86|
|52W High date||4th Nov 2021 (11 months ago)|
|All Time High (ATH) Date||12th Apr 2021 (1 year ago)|
|% From ATH||-99.61%|
|All Time Low (ATL) Date||28th Sep 2022 (1 week ago)|
|% From ATL||4.5%|
|Supply & Trading Volume|
|Trading Volume (24h)||$161,106.00|
How does Crust Network's (CRU) performance compare to the median performance for assets of a similar market capitalization?
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We're monitoring 86 Crust Network GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Crust Network Repos)
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In total, 2zBj5 (Upgrade to view) developers have contributed to Crust Network over the past year. Who are the most active Crust Network developers, by commits, over the past year?
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|Active Reddit Users (past 24h)||8|
|Active Discord Users|
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