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Friday, April 19, 2024

CESS Successfully Completes Development of Highly Anticipated Decentralized Object Storage Service DeOSS - Yahoo Finance

Last updated Thursday, December 15, 2022 20:05 ET , Source: NewsService

The new cost-effective and user-friendly service will bring true decentralization and scalability to OSS – a critical component of the global tech industry

Singapore, Singapore , Dec. 15, 2022 (GLOBE NEWSWIRE) -- Cumulus Encrypted Storage System (CESS), the 3rd-gen decentralized cloud-based data storage protocol built exclusively for Web3, has completed the development of its Decentralized Object Storage Service (DeOSS). The service was completed on November 14, 2022 and was launched on the CESS cloud storage data network V0.5.3 testnet. This made it the first-ever decentralized storage network to launch decentralized object storage services.

Understanding Object Storage Services

Object storage allows users to dynamically process and analyze stored unstructured data, rather than just static or structured data.

Object storage technology stores and manages data in an unstructured format known as objects. Organizations today create, store, and subsequently analyze vast volumes of unstructured data. This includes everything from photos, videos, and audio files to emails, web pages, and sensor data. Centralized cloud object storage systems are used to distribute this data across multiple physical devices, thereby allowing users to access the data they need very efficiently from a single, virtually hosted server. In this way, object storage technology helps innovative organizations build cloud-native applications that have the scale, flexibility, backups, and access needed to...



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