Rio de Janeiro, Brazil, Sept. 05, 2022 (GLOBE NEWSWIRE) — The festival brought together thousands of attendees and helped CESS showcase its proprietary cloud data storage solution to a host of industry leaders and investors
CESS – Cumulus Encrypted Storage System – a third-generation decentralized, cloud-based data storage protocol built exclusively for Web3 – has proudly sponsored the BlockchaIn Rio Festival, the largest blockchain event in Latin America. The festival started on 1 September 2022.
The event aims to bring transformative immersion and an eclectic mix of technology, business, culture and sustainability to all participants and help people, businesses and public and private concerns prepare for and chart the path for future generations to follow.
The BlockchaiIn Rio Festival is one of the largest blockchain events held anywhere in the world and is a signal of blockchain awareness, innovation, research and adoption in the Latin American region. Bringing together some of the brightest minds and thought leaders on the planet, it features networking sessions, lectures on emerging technologies, live panels, immersive metaverse experiences, a large-scale hackathon and much more over the next few days.
CESS Marketing Manager John Humphreys-Ramosa keynote speaker and panelist at the event, said: “We are proud to sponsor and participate in the groundbreaking BlockchaIn Rio festival and are excited to join pioneers and leaders in the industry in discussions on how various solutions and applications can be leveraged to drive value creation, sustainability and positive outcomes for all. CESS—as a next-generation decentralized cloud storage protocol—is positioned to be the underlying technology and infrastructure that powers Web3 applications that drive these goals.”
With the continuous optimization and improvement of the testnet and the upcoming mainnet launch event, CESS will continue the summer glow this fall – launching a one-year “Pathfinder campaign” that will enable CESS to reach the worldwide Web3 community and build a truly decentralized network . Latin America, as a new and emerging region in the blockchain field, will be the first stop of the “CESS Pathfinder Campaign” in Brazil, where CESS will promote and share the platform’s innovation with a wider audience while building partnerships with several Web3 projects and Web2 – companies. With these advances, CESS is building a reliable next-generation cloud data storage for the rise of Web3.
CESS benefits
Multi-tier architecture: The multi-layer technical architecture of CESS forms the storage system where the performance of each layer is independent of other layers, helping to balance the system load. The online storage service is not affected in the unlikely event of a single point of failure. It also gives the network unlimited scalability, so it can meet future market demands.
The Miner’s Dilemma: CESS also overcomes the “miner’s dilemma”, because the trustless low-energy consensus mechanism (referred to as R²S) ensures the integrity of consensus nodes. different miners perform tasks and are incentivized individually, this prevents conflicts of interest.
Storage pooling: The CESS network also “pools” storage space from all nodes globally，This effectively maximizes the use of broken storage space to realize intelligent cloud space management. CESS’s scheduling service also intelligently distributes user data to nodes across global nodes, maximizing the efficiency of storage space to achieve smart cloud space management.
Data security, sensitive and high-volume data protection is secured, thanks to uploaded data having multiple backups, sharding encryption and random decentralized storage by multiple storage miners. Even if a node is maliciously attacked or data is lost or damaged, the multiple copy and data recovery (PoDR²) mechanism comes into play, ensuring data integrity, security and privacy. Furthermore, the Trusted Execution Environment (TEE) provides encryption and integrity protection mechanisms for the operational processing of sensitive information.
Cost effective and unlimited scalability: With expandable cloud storage to meet ever-increasing storage space needs, users can purchase cloud storage space on demand at competitive prices, making efficient use of space while reducing costs.
Worry-free data sharing: Companies can grant or deny access to anyone and have ownership of their data while enjoying features enforced by the CESS MDRC and proxy re-encryption mechanism.
Data distribution: With fast data distribution and retrieval (transfer), CESS efficiently processes “hot data” and “cold data” through an innovative indexing and caching mechanism, which ensures fast data transfer with retrieval time within seconds or even milliseconds.
CESS can process massive numbers of high-frequency large data sets efficiently via network “pooling” of storage space and offers high data security, retrieval and availability of up to 99.99% or more. Designed to be the future’s leading decentralized storage platform built for high-frequency and large-scale enterprise-grade applications, CESS also creates a cohesive ecosystem with the embedded proprietary technologies needed to power Web3 in the future. Furthermore, by providing users with advanced digital identity solutions, data protection and control over their digital assets, CESS is a truly decentralized cloud storage solution with the ability to deliver on the Web3 promise of fairness, transparency and user-owned data.
About CESS
CESS is a decentralized storage solution with a unique infrastructure that separates storage, scheduling, consensus and the application layer. This helps optimize network performance and achieve massively scaled speeds of up to 10,000 TPS. CESS is the first decentralized storage project to offer complete data services for large-scale commercial applications. CESS employs several mechanisms and proprietary technologies to ensure the integrity, security, traceability and privacy of data. The efficient, secure and scalable CESS storage system is an important infrastructure component for Web3. Ouf Random Rotational Selection mechanism (R²S) solves the “Farmer’s dilemma and ensures a stable and efficient network. Proof of Reduplication and Recovery (PoDR²) guarantees data availability and security. And Multi-Format Data Confirmation (MDRC) provides data ownership protection. From CESS’s system architecture, code implementations, functionality design, product delivery, and business strategies, every aspect and detail has demonstrated CESS’s determination to deliver excellent performance as a decentralized storage.
CESS is equipped with integrated APIs and SDK for easy distribution of applications on the network. It supports WASM and is compatible with EVM smart contracts, making CESS widely available for most commercial applications, even at massive scale, with its superior performance in data management.
CESS supports use cases such as Metaverse, NFT, DeFi, streaming media and all Web2 and Web3 storage, helping to build a diverse and robust ecosystem where transactions are secured with encryption and data ownership is returned to its rightful owners.
Media contact:
Robert Pennington
News Via KISS PR Blockchain PR Distribution for CESS in collaboration with ThronePR
