Polkadex Partners with Crust Network
Polkadex will work with fellow Polkadot parachain, Crust Network on decentralized data storage for Polkadex Orderbook
Polkadex has partnered with Crust Network on a decentralized data storage solution for Polkadex Orderbook. As the Polkadot parachain auction #30 winner, Crust Network, the Web3 data storage protocol built on Substrate, is also a fellow parachain on Polkadot.
Designed to realize the three core values of decentralization, privacy, and assurance, Crust exposes instantly accessible on-chain storage functions to users and supports multiple storage-layer protocols such as IPFS.
“We are delighted to provide Web3 native and fully decentralized backup storage solutions for Polkadex Orderbook and are looking forward to realize more use cases with the Pokadex team in the future” said Ludwig T., BD lead at Crust Network,
IPFS is an important piece of the puzzle that is the Polkadex Orderbook architecture. While not currently integrated, the plan is for Polkadex Orderbook to use IPFS as a way to frequently ‘screenshot’ the data of the Trusted Execution Environment (TEE) and act as sort of backup if the TEE were to fail.
Crust Network will help Polkadex store Polkadex Orderbook’s off-chain user data on IPFS thus ensuring the availability and sufficient decentralization of the data.
“This partnership will be a win for decentralization,” said Gautham J, CEO and Co-Founder of Polkadex. “An integration with Crust will ensure a higher degree of decentralization of the TEE’s IPFS off-chain snapshots and increase the security and redundancy of Polkadex Orderbook.”
Polkadex is a fully non-custodial, peer-to-peer, orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate and designed to become the ultimate trading engine for Web3. Polkadex has developed Polkadex Orderbook, an easy-to-use platform that combines the benefits of centralized and decentralized exchanges into one cutting-edge solution that caters to all crypto traders.
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About Crust Network
Crust Network is a versatile, purpose-built storage blockchain that delivers truly decentralized file storage and hosting capabilities for the entire Web3 ecosystem, empowering privacy and data ownership. Crust Network enables dApp hosting, NFT metadata storage and encrypted file storage across a wide range of blockchains.
Join Crust Network now and enjoy access to over 500,000 TB storage across more than 1,400 nodes!