Five Minutes to Stratos: Decentralized Data Infrastructure for Web 3.0

Stratos storage network is not only storage, but also acceleration network, so it can also be regarded as “decentralized CDN”.

Five Minutes to Stratos: Decentralized Data Infrastructure for Web 3.0

Written by Groot

Although Bitcoin has been around for over a decade, the “Pandora’s Box” of blockchain technology applications has only really been opened in the past year. The popularity of digital assets and the allure of DeFi Lego have brought interest in cryptocurrencies to an unprecedented level.

As we enter 2021, DeFi and NFT are the fastest growing tracks in the cryptocurrency market, yet providing a secure data infrastructure across platforms remains a challenge for many developers and users. In response Stratos has proposed a decentralized data grid solution and created a new blockchain ecosystem data infrastructure based on it.

The blockchain industry’s data problem
At first glance, blockchain looks like the perfect solution for storing data. However, blockchain technology was originally conceived with only one type of data in mind: the records of financial transactions.

The traditional blockchain is not really suitable for storing other types of data, especially the interconnection between different data types. Because of this, many do not believe that blockchains can “match” the requirements of decentralized databases for complex use cases.

The widespread problems with today’s decentralized data infrastructure
A decentralized database solution well suited for the DeFi era must address the three main issues plaguing the decentralized storage ecosystem, namely whether it can host complex forms of data, whether it operates efficiently, and whether storage costs are too high.

The existing blockchain-based decentralized clouds in the market today are not well suited to support different kinds of data, attempts to merge large numbers of data types together create new problems, and the data structures defined by smart contracts are very limited.

Blockchains were invented to record financial transactions and outcomes, at which point retrieving data with a variety of conditions becomes very difficult. Even if smart contracts are used to define more flexible data structures, once created, retrieval is limited and there is no possibility to update the schema and scale. In addition writing performance is not as good as it could be, any data written to the blockchain requires a consensus process which leads to lags of one second to one minute.

In addition, since the content of each blockchain node is the same, any data written to the blockchain is synchronized to thousands of nodes, resulting in high storage costs for the blockchain.

Stratos: Data Infrastructure for the Decentralized Era
Stratos is a new type of data infrastructure designed to provide a trustless solution for decentralized storage that frees blockchain developers from monopolistic centralized cloud services. stratos’ decentralized data network enables scalable, reliable, self-balancing next-generation data storage regardless of data size, making it simple to retrieve data from the blockchain Stratos makes it easy to retrieve data from the blockchain, efficient and flexible.

Stratos makes decentralized data management easier for every user. From developers and users of innovative NFT, DeFi and DApp projects, to communities based on decentralized governance and traditional enterprises requiring CDN services, to providers of smart home solutions leveraging edge computing – everyone can benefit from an efficient decentralized cloud that does not require massive storage and content acceleration.

Stratos is designed as a virtual grid of structured and unstructured data, making it more flexible and cost effective than typical decentralized databases.

As we are moving towards Web 3.0, an open, trustless and permissionless network, Stratos strives to build a foundation service to support blockchain in Web 3.0, which helps create smarter and open websites.

Stratos can provide the blockchain industry with a trinity of decentralized storage, decentralized database and decentralized computation, which, combined with Stratos’ own blockchain, gives developers the flexibility to build their own applications using different combinations of services according to their needs. The vision of the Stratos project is to free all applications in the blockchain industry from dependence on centralized systems and to enable all applications in the blockchain industry to run entirely on the Stratos decentralized underlying architecture.

Key features of Stratos include support for all types and sizes of data, high-speed upload and retrieval of data, a scalable and adaptive database; permanent and highly available storage, and more, and a fully integrated community-driven platform with domain-specific language support in both blockchain smart contracts and computation.

On May 10, Stratos announced the closing of a $1.83 million seed and strategic round of funding from Fundamental Labs, Kenetic Capital, Distributed Capital, Particle XYZ, Spark Digital Capital, Bixin Stratos will use the funding to continue to develop the decentralized data grid and grow the Stratos ecosystem.

What applications does Stratos start with?
NFT Marketplace
Stratos strengthens the NFT ecosystem by providing a stable, efficient and private data grid service for NFT projects. Storing your encrypted artwork in Stratos’ distributed data grid adds an additional layer of security to your NFT by protecting its metadata. the Stratos NFT Marketplace allows for efficient, trusted data exchange and transfer of ownership of digital products, but also allows owners to retain ownership and give access to their customers.

The Stratos NFT Marketplace not only allows for efficient, trusted data exchange and transfer of ownership of digital products, but also allows the owner to retain ownership and give usage rights to the customer.

Prophecy Machine Service powered by Stratos Network
Stratos’ decentralized data storage and distributed data grid provide a solid foundation for creating a decentralized prophecy machine service. stratos ensures that data is sourced, transmitted and stored efficiently and securely.

Aggregation API for blockchain data
Data stored and processed in the Stratos virtual data network can be reliably secured and efficiently retrieved. The decentralized data API provides an easy-to-use interface for users to smoothly retrieve data and easily perform predefined data processing tasks through the Data API service.

Stratos Team
Stratos founder Bin Zhu has over 20 years of experience in software development across multiple platforms and technologies. Previously, he founded MindGeek’s cloud team, built a complete Big Data ecosystem, and led the entire team to serve data to over 100 million users worldwide every day. Was also a technical co-founder of Faimdata, a Canadian AI company that provides consumer data intelligence solutions for retailer customers through computer vision.

The Stratos team is made up of a top-notch group of developers from Canadian National Railway, Amazon, Expedia, Huawei and Alibaba, among others. Each of them has top-notch enterprise-level development experience. In addition, about one-third of the team members come from Mindgeek with proven Big Data platform development experience.

Development Roadmap
A white paper on the token economy of the Stratos Resource Network will be released soon, which will detail how proof-of-flow consensus will drive the Stratos ecosystem.

The Stratos Value Network Testnet will be released in mid-June, along with an explorer to browse value network blocks and transactions, followed by the release of Testnet’s wallet in late June. In July, Testnet, a resource network, will be released.

In Q3 2021 Stratos plans to release a number of demo applications and open them for testing on the storage infrastructure. the Stratos NFT Marketplace will be built on top of the Value Network Test Network and Resource Network Test Network and will provide a real-world example of the blockchain industry benefiting from the Stratos Data Grid by leveraging the Value Network and Resource Network. real-world examples.

What are the advantages of Stratos over other projects such as Filecoin, which is the hottest project in the storage space today?

Stratos is a Layer 0 infrastructure project that includes blockchain, decentralized storage, decentralized database and decentralized computing. Filecoin, on the other hand, is an IPFS-based project that provides file storage for users, but there are several key issues that need to be addressed, one being the BitTorrent file transfer protocol, which allows the file to be transferred only when someone needs it, and the miner can delete the file at any time.

The PoS model does not help the network to grow according to a healthy model, but rather encourages miners to focus only on storage, rather than balancing storage, compute and network. And like all major Internet companies, Stratos uses a proof-of-flow incentive model, where traffic is the source of value, and storage is not.

In addition, Stratos data storage and querying will be more efficient. Stratos has global and decentralized indexing services, and provides more appropriate sharding and replication to ensure that user data is never lost. If user data is offline on some nodes, Stratos will always transfer the data to a different regional node to ensure that the number of replicas is greater than 3.

In short, the Stratos storage network is not only storage, but also an acceleration network, so it can also be considered a “decentralized CDN”.

Summary
As stated by Stratos founder Bin Zhu, he believes that the scalability and high availability of a system’s infrastructure fundamentally determines how strong an application can be and how far it can go. services to the blockchain industry. Stratos hopes to build the “next generation” of decentralized data grids that provide scalable, reliable, and self-balancing storage, database, and compute networks by making massive amounts of decentralized data more accessible to everyone.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/five-minutes-to-stratos-decentralized-data-infrastructure-for-web-3-0/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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