Stratos Partners with Coinversation To Bring Decentralized Storage to DeFi
We are delighted to announce that Stratos is joining hands with Coinversation Protocol to power DeFi user data with Stratos decentralized storage. Coinversation will deploy and run web pages on Stratos and will store user data using Stratos decentralized storage.
Through this cooperation, Stratos will provide Coinversation Protocol with secure and scalable decentralized storage services to store important user and transaction data, ensuring the ownership of these encrypted data belongs to the customer themselves. Coinversation Dapp will also be deployed on Stratos Decentralized Data Mesh to assure the running codes are stored in a secure yet decentralized environment.
Decentralized cloud storage is very important for Defi, especially synthetic assets. The transaction of synthetic assets needs to record a large amount of user data and transaction data. These massive amounts of data, especially user data, need to be stored efficiently and securely. However, traditional decentralized cloud storage often faces problems with unstable security as well as high cost. With Conversation Protocol, cloud storage becomes more efficient, secure, and decentralized.
Stratos’s decentralized data mesh enables scalable, reliable, self-balanced next-generation data storage, making retrieving data from the blockchain simple, efficient, and flexible regardless of the data size.
“We hope that through the combined effort of Stratos and Coinversation Protocol, sensitive user and transaction data of DeFi, especially synthetic assets, can be stored securely and permanently through Stratos decentralized storage.” Bin Zhu, Founder of Stratos.
“We are excited that Coinversation will deploy and store data on Stratos Decentralized storage in the future. The performance and features of Stratos’ decentralized storage will be fundamental for the evolution of synthetic asset protocol.” Lin Chen, Co-Founder of Coinversation.
Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user’s liabilities has been determined at the time of forging so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in decentralized exchange(DEX).
Stratos is the next generation of decentralized Data Mesh that provides a scalable, reliable, self-balanced storage, database, and computation network. Stratos is born for scaling blockchain process capacity while retaining the decentralized benefits of a distributed protocol including trustlessness, traceability, verifiability, privacy, and other competitive strengths.
Stratos is best positioned to support data storage and adoption for developers and users in this ever-expanding digital economy. Stratos strives to make decentralized data adoption easier for the blockchain industry and Web 3.0.
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