What Is ColdStack (CLS)?

ColdStack is a unified protocol that allows users to utilize decentralized Clouds for projects within the crypto sphere. Cloud computing refers to the access and delivery of computational services like databases, storage, servers, and network over the internet that is referred to as the cloud. The protocol allows users to utilize affordable storage space from any Cloud.

According to the litepaper of ColdStack, the team realized that their projects required decentralized storage prior to the launch of ColdStack. Furthermore, they noted specific problems like the lack of an effective way for combining multiple decentralized Clouds into one Dapp and the complexities of migrating from one cloud to another.

The issues were addressed by the team of ColdStack, which aims to provide seamless and simple integration under an all-in-one platform. Additionally, no data migration is required for switching between Decentralized Clouds. The website of ColdStack claims that the protocol is designed for DeFi as the protocol is immutable, transparent, and cryptographically verifiable.

The ColdStack protocol aims to provide the users with a low-data storage cost. Moreover, the protocol assures security and privacy with blockchain-based cloud architecture. The users are anonymous, and every data is encrypted. ColdStack is also easy to use as the Application Programming Interface (API) is compatible with Amazon S3, ensuring easy integration. API is a collective of protocols and definitions to integrate and build application software. Amazon S3 is a data repository service that offers data availability, scalability, and security.

CLS in the native token.) of ColdStack protocol. CLS enables the interaction of users with the file storage and retrieval system. The users can acquire CLS from Centralized Exchanges or (https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders.). The litepaper of ColdStack states that the protocol can be considered an affordable Universal Digital Asset Storage for any NFT marketplace. The CLS token is compatible with significant NFT marketplaces like SuperRare and OpenSea and can be traded on such platforms seamlessly.

History of ColdStack (CLS)

The litepaper of ColdStack was published on 23 April 2021. Alexander Shishow is the CEO of ColdStack. He has significant expertise in business development and production. Victor Nagaitsev is the CTO of the protocol and has good experience in AI and Big Data.