Cherry Network – strengthens creativity, freedom and decentralization with blockchain-based smart contracts and easy-to-use content creation tools
Only with the right technology, tools and infrastructure can we embark on the Web3-based decentralized future the world needs. Cherry Network was built to do just that. This is how.
From centralization to decentralization via Blockchain
The concepts of distributed ledger technology (DLT) and transparent, auditable transactions secured in a blockchain have been revolutionary for several reasons. First, they raised the standard when it came to what was possible in the offering of massively scaled online apps and services. Why should end users be limited by the rules and limits of centralized apps and platforms instead of everyone participating on equal terms? Blockchain-based decentralization offers a way around this, and helps to give power back to the user. Secondly, this “shift change” and the removal of centralized gatekeepers have opened new frontiers of value for innovations and ideas aimed at billions of global users who have grown tired of the restrictions, unrestrained influence and one-sided censorship of centralized technology. power centers.
Due to this development, it is no wonder that blockchain-based apps and services have taken the world by storm. We now have successful crypto and blockchain projects that operate in all fields from healthcare, finance and entertainment to management, education, transport and more.
From Web2 to Web3
Blockchain’s early days took place in Web2, which was largely dominated by large, centralized apps and platforms. Think of Apple’s App Store, Google’s Play Store, YouTube, Facebook, and other centralized platforms that boast billions of users but are controlled by centralized devices. However, with the growth of decentralized, user-focused Web3, things are changing rapidly. We now have decentralized apps and solutions that run on untrusted, transparent and censorship-wise smart contracts that connect to decentralized file storage that replaces centralized Web2 apps that run on centralized servers.
This is a monumental paradigm shift that, although slow, is the inevitable endgame for Web2 apps and services. When Web3 gets critical mass and all the world’s leading brands, apps and services migrate to decentralized infrastructures, having the right network backbone and the right tools, incentives and support services in place will be crucial for value creation, profitability and success. Join the Cherry Network
Cherry Network is a layer-1 blockchain infrastructure that bridges the gap between smart contracts and decentralized file systems. By applying the infallible if-else logic of smart contracts, integrating services built on that logic of decentralized data storage, and building an ecosystem of secure, transparent, affordable and high-performance products, services and solutions, Cherry Network revolutionizes the very concept of blockchain-based decentralized app development .
Some of the key features of the platform include complete privacy for users and developers, decentralized data storage and seamless payment integrations, as well as chain efforts, full EVM compatibility and zero-knowledge calls (off-chain processing of transactions that are “rolled up” and brought into the chain in a single transaction, which reduces costs, congestion and time). With a chain throughput of around 20,000 TPS, multiple wallet integrations, high-level partnerships and a range of ecosystem development activities, the Cherry Network should quickly become a key component in the landscape of Web3-native decentralized applications.
Development team
Cherry has a core team with over ten years of experience in the cryptocurrency field. The team is led by Herman Jacobs, CEO of Cherry Labs, an incubator that focuses solely on the Cherry ecosystem, which is responsible for monitoring the technical and business side of the network.
Partners and projects
Cherry Network has several partnerships in place with some of the most high-profile investment companies in the industry. These include Luben Capital and Shima Capital. There are also many exciting projects being developed on the platform, including Seedling.cm, which is a high-growth investment launch platform for VC-level retail investments, Cherish.cx, a complete content platform for artists and creators that is completely decentralized. and free of censorship, and Unigate.finance, which is a decentralized protocol for payments and crypto services.
Cherry and the future
As the world converges towards a decentralized Web3 future for the internet, we expect to see an influx of projects, talent and capital coming into this area. Cherry is positioned as an innovative and forward-looking crypto project that supports all the key principles of blockchain and decentralization, such as transparency, solving real problems and value creation. By avoiding marketing meme coins and moon coins, not focusing on price but on value, and building tools and solutions that work for everyone, Cherry will be at the forefront of the next technology revolution.
Over the next few days and weeks, Cherry will announce a new high-level partnership, and the network’s core network will be launched between June 12 and 14, 2022. Staking will go live one week later, and over the next few weeks dozens of projects will use the Cherry Chain as a number of developer tools and resources have been developed for the ecosystem.
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