Cherry Network – Empowering Creativity, Freedom, and Decentralization with Blockchain-Based Smart Contracts and User-Friendly Content Creation Tools
June 13 2022 - 5:10AM
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Only with the right tech, tools, and infrastructure can we usher in
the Web3-based decentralized future the world needs. Cherry Network
was built to do just that. Here’s how. From Centralization to
Decentralization via Blockchain The concepts of distributed ledger
technology (DLT) and transparent, auditable transactions secured in
a blockchain have been revolutionary for multiple reasons. First,
they raised the bar in terms of what was possible in the provision
of massively scaled online apps and services. Why should end users
be restricted by the rules and limits of centralized apps and
platforms instead of everyone participating on equal terms?
Blockchain-based decentralization offers a way around this, and
helps give the power back to the user. Second, this “changing of
the guard” and the removal of centralized gatekeepers has opened
new frontiers of value for innovations and ideas targeted at the
billions of global users who have grown weary of the restrictions,
unfettered clout, and unilateral censorship power of centralized
tech powerhouses. Because of these developments, it is no wonder
that blockchain-based apps and services have taken the world by
storm. We now have successful crypto and blockchain projects
operating in every field from healthcare, finance, and
entertainment to governance, education, transportation, and more.
From Web2 to Web3 Blockchain’s early days took place in Web2, which
was largely dominated by large, centralized apps and platforms.
Think of Apple’s App Store, Google’s Play Store, YouTube, Facebook,
and other centralized platforms that boast billions of users but
are controlled by centralized entities. With the growth of the
decentralized, user-focused Web3, however, things are changing
rapidly. We now have decentralized apps and solutions that run on
trustless, transparent, and censor-proof smart contracts connecting
with decentralized file storage replacing centralized Web2 apps
running on centralized servers. This is a monumental paradigm shift
that, although occurring slowly, is the inevitable endgame for Web2
apps and services. Once Web3 gains critical mass and all the
world’s leading brands, apps, and services migrate to decentralized
infrastructures, having the right network backbone and the right
tools, incentives, and support services in place will be critical
to value creation, profitability, and success Enter Cherry Network
Cherry Network is a layer-1 blockchain infrastructure that bridges
smart contracts to decentralized file systems. Using the infallible
if-else logic of smart contracts, integrating services built on
that logic with decentralized data storage, and building an
ecosystem of secure, transparent, low-cost, and high-performance
products, services, and solutions, Cherry Network is
revolutionizing the very concept of blockchain-based decentralized
app development. Some of the key features of the platform include
complete user and developer privacy, decentralized storage of data,
and seamless payments integrations, as well as on-chain staking,
full EVM compatibility, and zero-knowledge rollups (off-chain
processing of transactions that are “rolled up” and brought
on-chain in a single transaction, reducing cost, congestion, and
time). With on-chain throughput of around 20,000 TPS, multiple
wallet integrations, high-level partnerships, and a bevy of
development activity within the ecosystem, Cherry Network should
quickly become a vital component in the landscape of Web3-native
decentralized applications. Development Team Cherry boasts a core
team with over a decade of experience in the cryptocurrency space.
The team is led by Herman Jacobs, CEO of Cherry Labs, an incubator
focused solely on the Cherry ecosystem, who is responsible for
overseeing the technical and business side of the network. Partners
and Projects Cherry Network has several partnerships in place with
some of the most high-profile investment firms in the industry.
These include Luben Capital and Shima Capital. There are also many
exciting projects being built out on the platform, including
Seedling.cm, which is a high-growth investment launchpad for retail
investing at the VC level, Cherish.cx, a complete content platform
for artists and creators that is fully decentralized and free of
censorship, and Unigate.finance, which is a decentralized protocol
for payments and crypto services. Cherry and the Future As the
world converges on a decentralized Web3 future for the internet, we
expect to see an influx of projects, talent, and capital entering
this space. Cherry is positioned as an innovative and
forward-thinking crypto project that espouses all of the key
principles of blockchain and decentralization, like transparency,
solving real-world problems, and creating value. In shunning
meme-coin and moon-coin marketing, not focusing on price but on
value, and building tools and solutions that work for everyone,
Cherry will be at the forefront of the next tech revolution. Over
the next few days and weeks, Cherry will announce a new high-level
partnership, and the network mainnet will be launched between June
12 and 14, 2022. Staking will go live one week later, and within
the next few weeks dozens of projects will be using the Cherry
Chain as a host of developer tools and resources are built out for
the ecosystem.. Interested in learning more? Visit
https://www.cherry.network/.
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