While creating the infrastructure Casper API we have ensured that providers, investors and users of the platform will have convenient system of calculations. CST token is the project’s own monetary unit.
CST tokens are a means of payment for storage and CDN: users are charged, and suppliers are rewarded for providing storage and CDN services.
Casper API will also be launched on several blockchain platforms with smart contracts. Thus, for example, a supplier will receive storage orders from users from several blockchain platforms at the same time. For the simplicity and clarity of the calculations of the supplier and users of various blockchain platforms, the supplier will be rewarded in CST.
For transparency of transactions and operations we use a smart contract, it simplifies the communication of customers with suppliers. It keeps the register of service providers, connects them with consumers, carries out billing. The smart contract also regulates the storage network by monitoring compliance with the working conditions of storage service.
http://casperproject.io
Reference: https://medium.com/casperapi/our-own-monetary-unit-cst-token-f06a097fd83e
Indeed Casper api is such a great project with very innovative application to use and this is very convenient for businesses this application will save more cost, and unlike any other cloud storage Casper hosting CDN which help the application to be more secure and it supports different blockchain.
Casper API really provides wonderful solution for the emerging demand of a more reliable and secured storage services, with such an amazing feats that will definitely surpass other known storage platform in the market today. Equipped with blockchain technology and smart contracts designed for providing transparent, convenient and better quality service that could help future clients especially those clients in the business industry.
In the near future information will be generated by people as well as billions of IoT and AR/VR devices, drones,
self-driving vehicles and robots. All that will require vast storage volumes, forming a substantial demand for this
service from both traditional applications and DApps. Casper API is attractive to traditional businesses since it allows to reduce data storage expenses three-fold
compared to centralized solutions. Decentralized structure proves valuable to DApps as it provides full transaction
transparency, simple integration via SDK and both secure and cost-efficient storage.