Summary: Take a look at the historical locked-in disks shown in this article, and you will understand everything~
Depin is undoubtedly the main concept in this round of [reality] narrative, but Depin also covers concepts such as computing power, the Internet of Things, and storage. Storage, in particular, is a deterministic branch of the Depin track.
This article will tell you why you should avoid old projects as much as possible when betting on the storage track in the new cycle.
1. About the new storage player - CESS
The principle of CESS is that storage nodes are actually used to provide storage space to the demand side, and CESS provides rewards to the nodes; and the demand side requests storage space by paying CESS. This is the basic economic closed loop.
In this track, the differences in implementation on different paths at both ends constitute the characteristics of each project. For example, a penalty mechanism is set for the nodes to ensure the integrity of the node order data, while using various technologies and isolation methods to make the user data more private.
Of course, CESS also has these methods🔺
📍In addition, it should be mentioned that thanks to the Substrate framework, CESS also supports multi-chain scenarios, which is the relay model shown in the figure below.
The multi-chain architecture design provides enough rich scenarios for the on-chain ecology and brings more native demands for its own data storage. I think this is more distinctive and competitive than other similar types of infrastructure.
Because of Polkadot’s own multi-chain attributes, CESS-based scenarios will be more extensive and the number of customer groups that can be served will be larger.
But obviously there are too many hot topics and narratives in the current industry. They also have node and test network plans, plus the shadow of some multi-FIL storage networks. It is difficult for CESS to replicate the scale of FIL’s node network at that time.
But fortunately, the concept of DePin has emerged in this cycle. In the new market cycle: $FIL The difference in technical details between CESS and CESS is that the storage of CESS is neither a point-to-point market design like FIL, but a point-to-point market design like FIL. As I mentioned before, we will randomly allocate funds to storage miners that meet the requirements.
For storage nodes, they only need to ensure the security of the stored data and keep it online for a long time, without any additional work.
2. Betting on storage is betting on DePin
The storage track of Web3 does not mean that it is better than the original traditional Internet server storage, but that from the perspective of infrastructure, it is more in line with the basic tone of the industry.
The same is true for the rise of DePin. When it comes to infrastructure and hardware, Web3 always requires certain basic elements to be labeled Web3, such as decentralization.
Storage is DePin’s deterministic track, but one objective fact is: the current mainstream storage solutions are basically products that appeared in the previous cycles.
And CESS is the same as FIL, or the business model of this track, it is destined that nodes in the upstream role are the main source of token generation.
How to make the demand side of tokens more closed-loop is not a problem that the bull market should consider.
🔻But we have to think about the most core issue: the pressure of pulling orders in the secondary market
Comparing the historical charts of various storage tracks in the figure below, the answer is basically obvious. This is why we can see that many old projects have been rushing to the "shell swap" business recently.
It involves such a heavy topic as [Historical Holdup]
Case reference: The two giants of Japan and South Korea merged to form a new business. What is the intention?
In the new cycle, CESS is undoubtedly a lighter car in this deterministic track.
And as a conceptual mainstream facility in the Polkadot framework, the market preheating for test networks and TGE has been sufficient recently.
In fact, friends who are more sensitive to the market should find that the Polkadot ecosystem, which was frequently complained in the past, has become more vocal in the market in the last quarter.
Whether it is L2's $MANTA , Biforst for liquidity pledge, or CESS for storage
In the second half of the wave of parachain slot auctions, these infrastructures are also grabbing market share in the new cycle (coupled with the transition to Polkadot 2.0)
CESS is not issuing coins at this stage, and there is a high probability that there will be another analysis after TGE, so stay tuned ~
