Crust Network Weekly Report (July 12 – July 18)

Maxwell Preview Network Weekly Report

Crust Decentralized Storage Market was officially opened on February 28th, 2021 (GMT+8). There are 2,682 nodes in the entire network, with a total storage capacity of 637 PB as of July 12th. The network is currently in a state of lack of tokens.

Starting from the evening of May 5th, Crust Maxwell preview network has reduced production, and after that, the daily output of the preview network will be 1,500 CRU.

Maxwell Preview Network Weekly Report:

Profit Data

“Profit Data” is currently live. The report of this activity is published every Monday. As of July 12th, the data computing power of the entire network reached 147.3TP, and the effective staking amount of the entire network CSM was 1.5157M.

You can log in here to view real-time data every day:

https://apps.crust.network/#/csmStaking

For details: Profit Data | Data Power Rules Adjustments and Upgrades

For rules: Profit Data | Activity Rules

CoinAsk X Crust

At 16:00 on July 15th, CoinAsk.io, one of the OpenSquare’s products, set up a Crust Chinese community. CoinAsk.io and Crust organized the first AMA of “Profit Data” for the Chinese community..

For details: www.coinask.io/n/cru

Crust X OpenSquare

Crust officially settled in CoinAsk.io, developed by OpenSquare, as its official Chinese community, and provides incentives to high-quality content creators from time to time. OpenSquare will provide at least 100,000 OSN as incentives to the positive interactions between members of the Crust community and the project in the long term.

Proposal to “Profit Data” Activity

A new proposal was added to the Crust Democracy section. This proposal proposes solutions for the “Profit Data”activity to increase the willingness of nodes to accept orders and ease network congestion. Community members are welcome to vote and express their opinions democratically.

Rapid Increase of Overseas Followers

The number of Crust Telegram and Twitter followers has reached new highs. Let’s build the Crust community together! At present, the twitter followers of Crust (@CrustNetwork) have reached 87.4k; the twitter followers of community (@CommunityCrust) have reached 64.9k; the users in the Crust main telegram group(there are also branch telegram groups in other countries) reached 70k.

Web3.0 Blockchain Application Conference

On July 14, Crust was invited to participate in “Web3.0 Blockchain Application Conference — Computing Power Overseas and Distributed Storage Conference”in Chengdu hosted by bitkoala. Many academic advisors, experts, and investors came to the site for panel discussion on cutting-edge topics of blockchain. Crust was invited to participate in the panel of “IPFS Technology Development Trends”.

Substrate Seminar

On July 17, Crust participated in the Substrate Seminar in Hangzhou to discuss that the era of decentralized computing is coming. The second Polkadot Hackathon Developer Competition was also held in Hangzhou. Crust was invited to participate in the panel of “The Era of Decentralized Computing is Coming” and share insights.

Crust Project Development

Protocol Layer

Chain Work Overview

1. [Mainnet] Complete the code development of the new version of the storage market

2. [Mainnet] Fix the bug of error penalty of the new version of the computing power update for the first access to the network

3. [Mainnet+Preview Network] Add a mechanism for dynamic adjustment of file basic fees

4. [Mainnet] Complete of building the startup topology of the mainnet

5. [Mainnet] Complete the optimization and modification of the mainnet Claim module

sWorker Work Overview

1. Adjust the version number of sWorker to: 1.0.0

2. Webservice startup logic adjustment

3. Optimize some logs

4. Test and walk through the code

Application Layer

Crust.js Work Overview

1. [Types] Upgrade for the type of mainnet

sManager Work Overview

1. Optimize the detection of chain synchronization

2. Unify the ordering behavior of member and isolation

3. Design a customizable sManager program structure

Apps Work Overview

1. Complete the function of removing gas fees from MPoW staking okens in the equity module

2. Complete the adaptation to the mainnet

Subscan sPlore Work Overview

1. Re-design the MPoW and DSM modules to the mainnet

Profit Data Work Overview

1. Fix the bug that the Pending File is emptied due to file check

2. Fix the bug of double spending caused by Node Mongo concurrent write

Crust Grants

– User Application Layer –

Sinso

A medical data aggregator based on Crust and IPFS, especially including the front-end display API interface of medical image data.

1. Complete the development of Milestone1.

Medium article:

https://sinso2021.medium.com/distributed-image-cloud-based-on-curst-3460a18f0d79

– Developer Tools and Infrastructure Layer –

Box

Serverless storage platform based on Crust and IPFS. Developers can develop applications based on Box. The Box team also developed a photo storage and sharing platform for Photo

1. Being preliminarily reviewed

📰 INFO

https://medium.com/crustnetwork/crust-project-development-july-12-july-18-c7bcd1d84a9e

Market Stats:
BTC Dominance: 57.59%(+0.64%/24h)
ETH Dominance: 12.13%(-0.47%/24h)
Defi Market Cap: $111.39B(-4.77%/24h)
Total Market Cap: $3319B(-5.70%/24h)
Total Trading Volume 24h: $265.91B(+0.85%/24h)
ETH Market Cap: $403.23B
Defi to ETH Ratio: 27.63%
Defi Dominance: 3.21%
Altcoin Market Cap: $1407.45B
Altcoin Volume 24h: $171.45B
Total Cryptocurrencies: 32920
Active Cryptocurrencies: 10428
Active Market Pairs: 94769
Active Exchanges: 771
Total Exchanges: 9753
BTC: 96625.14$(-0.26%/1H)
ETH: 3345.58$(-0.61%/1H)
AVAX: 38.49$(-1.88%/1H)
BNB: 667.08$(-0.87%/1H)
MATIC: 0.47$(-2.06%/1H)
FTM: 0.95$(-4.36%/1H)
ADA: 0.88$(-1.76%/1H)
DOT: 6.89$(-2.15%/1H)
UNI: 12.55$(-2.47%/1H)
CAKE: 2.31$(-2.42%/1H)
SUSHI: 1.46$(-3.03%/1H)
ONE: 0.03$(-2.13%/1H)