Bitcoin

Ethereum

<ul><li>The CESS Testnet Venus officially launched on July 31, 2024, with the intent of improving on Testnet V0.7.6.</li><li>The CESS team will reward all the node operators of the Testnet Venus with a total of 6 million $CESS tokens.</li><li>The CESS network plays a crucial role in the mainstream adoption of Web3 projects and digital assets by providing secure and seamless decentralized cloud storage of data.</li></ul>After successfully concluding testnet v0.7.6 with major updates and over 10k storage node operators, Cumulus Encrypted Storage System (<a href="https://www.cess.cloud/?ref&#61;btcpeers.com" rel="noopener noreferrer nofollow">CESS</a>), a decentralized cloud storage and content delivery network, <a href="https://x.com/CESS_Storage/status/1818556137035514088?ref&#61;btcpeers.com" rel="noopener noreferrer nofollow">announced</a> the launch of its next testnet dubbed Venus. The testnet Venus was launched on Wednesday, July 31, 2024, to enhance the future of decentralized storage and Content Decentralized Delivery Networks (CD²N).The Venus testnet was named after the planet Venus, which symbolizes the beginning of a new day. According to the CESS team, the Venus testnet reflects the underlying vision and ongoing effort to lead the Web3 industry from uncertainty to clarity by providing reliable data solutions.<blockquote>“Through continuous updates and optimizations, CESS has established a strong infrastructure position, addressing challenges in decentralized storage and CD²N,” said Nicholas Zaldastani, Chairman of CESS. “Setting industry standards is our contribution to the industry, advancing blockchain storage technologies toward maturity and broader applications. The launch of Venus Testnet underscores our dedication to pushing the boundaries of decentralized storage technology. We are excited to see how these innovations will drive industry standards and empower users with unparalleled data security and efficiency.”</blockquote><h2 id="header-0">CESS Team Compliments Testnet v0.7.6 in Testnet Venus</h2><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe0lWxDSlZQvMydeDvMWSMtPC0ORNXc6IcAn9RP0ucLJQOgIhZrqnlWXifV5a9fzWuXP1SAua4D1Y6Fqm5HkY5O49TNcpHHPsRCCxb2dQGt9HkXVIl7rROVbsprd_xyo7Y1R6BmrnDKmQqgY7gFz6RbVPq8?key&#61;ws7a8giaThRSfbsltait2g" />The CESS team actively contributed to the democratization and standardization of the decentralized storage industry during v0.7.6. For instance, the CESS technical team made history after the Institute of Electrical and Electronics Engineers (IEEE) <a href="https://medium.com/&#64;CESS_LAB/cess-successfully-applied-for-the-latest-ieee-standard-p3233-standard-for-blockchain-based-59775137f1ab?ref&#61;btcpeers.com" rel="noopener noreferrer nofollow">approved</a> its standard proposal P3233 titled ‘Standard for Blockchain-based Decentralized Storage Protocol Specification’. Earlier this year, the CESS team attended the first council meeting of the Hong Kong Web3.0 Standardization Association.<blockquote>“Through numerous rounds of continuous updates and optimizations, we have established our infrastructure position within the industry, addressing a series of challenges in decentralized storage and content delivery networks,” the company noted.</blockquote>With the Venus Testnet, the CESS team will continue to optimize and update the application of decentralized storage technology in the Web3 sector. The development of Web3 applications requires secure storage of data, in an affordable manner with seamless infrastructure to enhance fast retrieval of information. For instance, a DeFi wallet with millions of users requires a secure channel to retrieve transaction history in the fastest way.<h2 id="header-1">What to Expect in Testnet Venus</h2>The Venus testnet will introduce fine-tuned innovations for the storage nodes to facilitate enhanced storage capacity and processing power, to ensure stable and secure solutions for high-frequency data in the Web3 space.With the testnet launch, the CESS team assures the miners a simpler deployment of multiple storage nodes on a single device.Additionally, the miners will be rewarded with 60k TCESS, which will be redeemable for 6 million CESS tokens after the official launch date.For the storage node operation, testnet Venus will optimize the idle space proof algorithm to reduce the time to generate random challenge proofs. The testnet Venus will also reduce the memory usage for each bucket of idle data to 50 percent of the original.The storage node operators will also enjoy improved data recovery algorithms to fix bugs that would otherwise prevent normal recovery. The testnet Venus will also introduce multiple storage mode deployments script in addition to updating the redundancy multiplier for user data by 100 percent.For the CESS-DeOSS, testnet Venus will add a large file breakpoint continuation, pluggable download cache module, and pluggable file storage scheduling module, among others.

CESS Launches Testnet Venus To Enhance the Future of Decentralized Storage

Table of Contents

BTC Peers

Other articles published on Aug 2, 2024

Dogwifhat Coin Faces Significant Price Drop

If Bitcoin Drops Below $60,000, Here’s What May Happen to the Ethereum (ETH) Price Rally!

OKX's Venture Arm and Aptos Foundation Announce $10M Fund to Boost Aptos Ecosystem

Bitcoin Struggles To Surpass $70K, Yet Maintains Positive Stance

Machine Learning Forecasts XRP Decline

ARK buys $21M of 3iQ Ether staking ETF, dumps $14.6M of Coinbase stock

Join our free newsletter for daily crypto updates!