TechFlow news — According to official announcements from Huobi HTX, HTX Ventures has recently announced an investment in the Cumulus Encrypted Storage System (CESS). CESS is a blockchain-based decentralized storage and content delivery network (CDN) infrastructure specifically designed for Web3. This move marks HTX Ventures' continued commitment to advancing cutting-edge technologies in the field of decentralized data solutions.
CESS aims to provide an efficient, transparent, and secure value network that empowers data creators and owners, redefining value distribution in the circulation of data assets. To ensure data integrity, security, traceability, and privacy, CESS adopts several advanced technologies and mechanisms. These include the Random Rotational Selection (R²S) mechanism, which effectively addresses the "miner dilemma" and ensures network stability and efficiency, as well as Proof of Data Deduplication and Recovery (PoDR²), enhancing data availability and security.
A managing partner at HTX Ventures commented on this investment: "By investing in CESS, we are not only strengthening Web3 infrastructure but also driving transformative changes in how data is stored and accessed. CESS's decentralized storage solution significantly improves data protection and accessibility, serving a broader user base."
