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FileMax Network: A decentralized data storage network with cross-chain support capability

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4 years ago

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As of October 2020, the number of active internet users worldwide will exceed 4.6 billion which is over 59% of the global population. The users are distributed all over the world and with higher data capacity generated from 5G networks, daily access by users on the internet will result in a high market demand for cloud based storages.

Cloud storage refers to a collection of large number of different types of storage devices interconnected on a network. Using cluster applications, network technology, and distributed file systems, it provides data storage for business application access to the outside world. In simple terms, cloud storage is the collection of assessable storage resources for users using networkable devices at any time and any place.

The second leading global market research firm, MarketsandMarkets, projected that the global cloud storage market is set to grow from USD 50.1 billion in 2020 to USD $137.3 billion in 2025 at a Compound Annual Growth Rate of 22.3% for the period forecasted. The enormous growth of the cloud storage market has ignited a competitive war amongst storage service providers including big firms like Amazon, Alibaba Cloud, and Tencent Cloud thereby, increasing investments in their respective storage business segments.

While ensuring high availability and service convenience,  centralized cloud storage have faced many notable outage incidents. For example, in January of 2018, the Google Cloud computing was not available to multiple zones for more than 4 hours; in March of 2018, the Amazon Web Services server downtime caused a large-scale loss of voice data in the Alexa smart assistant; and, in June of 2018,  Microsoft Azure Ireland data center outaged for 11 hours which affected a large number of users.  

The rising commercial benefits of centralized data storage market is counter balanced by security threats. To address the threats faced by centralized storage, the Interplanetary File System (IPFS) from Protocol Labs is used to provide a resilient distributed file system for storage and sharing.

The IPFS protocol uses decentralized storage with encryption, point-to-point transmission and fast addressing. It enables storage of all kinds of file data safely, efficiently and permanently. Filecoin project is based on the IPFS protocol. It has achieved great success in the blockchain storage industry. However, with improvements to the blockchain technology, some limitations have emerged with Filecoin. They include design around Filecoin’s economic model and obstruction by chain links when putting together documents.

Russian technical geeks and former Amazon cloud storage core engineers have jointly developed a new blockchain project called FileMax. Based on the IPFS protocol, this project is the world’s first cross-chain storage network. It has the storage advantages of Filecoin and integrates the best practices of cutting edge cross-chain technology. FileMax Network sharing between storage in public chains is achieved by cross-chain data sharing at high-speed data transmission.

The aim of FileMax Network is to be a leader in global storage technology by disrupting the way how large amount of information is stored and shared by interconnected 5G mobile devices using the internet; and, to provide convenient, secure and efficient decentralized storage services for enterprises and individuals.

FileMax Network comprises of six main component layers: physical perception layer, data storage layer, intermediate platform layer, cross-chain layer, certificate domain layer and application services layer.

The core processing engine uses a number of technical protocols in processing transaction requests at respective layers including a FileMax Management Protocol (FMP), storage data distribution protocol, external chain interaction protocol, privacy-enhancing technology and block storage. The FMP has two core technology layers namely the physical (device) perception layer and intermediate platform layer.

The physical perception layer covers connectivity for Global Positioning Systems (GPS), Internet of Things (IoT) chips, 5G network modules, video data monitoring, sensory and auxiliary devices. This layer is the hardware endpoint of FileMax and is responsible for continuous data collection for FileMax.

The intermediate layer of the platform includes FMP, storage interfaces, IPFS interface, virtual engine, distributed computing and custom interface adapters. The FMP defines the connectivity requirements for various storage interfaces, including IPFS, storage controller interface, and general storage interfaces. The intermediate platform layer plays a vital role as the exchange hub between the software and hardware endpoints, chain nodes, and also the hub of many technologies.

With a view to support the powerful underlying technology, FileMax team will endeavor to develop and introduce products to achieve organic growth and integrity of the public chain.

The team has identified and planned the following applications: ICEY APP mining, audio-visual storage, 5G Internet of Things modules, edge computing and more interface adapters for the system using custom APIs and SDK.

ICEY APP product build is one of the key milestones on the project plan and it is the first deliverable. It is a distributed blockchain storage application product integrating blockchain, big data, crawler technology, cloud computing and other technologies. The development team is skilled and aim to bring together top blockchain engineers, cryptography geeks, storage experts, Big data analysts and other skills as required. ICEY APP is expected to increase user adoption under a token incentivization mechanism in the growth, development and construction of FileMax Network. It will offer opportunities to ‘create and innovate’ cycles for disrupting the cloud storage market.

FileMax Network uses a native token called FIM. It has a total issuance supply of 210 million, with the first issuance supply of 21 million, and the remaining 189 million are all generated through mining. To prevent users from monopolizing the token economy, the Foundation has limited the maximum of coins to ordinary user token holdings to not more than 2,000 FIMs, and there are no restrictions on corporate entities or institutions.

FIM plays a vital role in the entire FileMax Network token economy. Participants in FileMax mainnet mining must hold FIM tokens, hardware equipment access to the mainnet, 5G application storage, enterprise personal storage that will consume FIM tokens. On the roadmap, the FileMax team intends to transform FIM into a cryptocurrency 3.0, whereby it replaces other currencies as a new digital currency. FIM token has unlimited imagination and possibilities in the foreseeable future.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

PU Prime Launches Evergreen VPS Promotion to Elevate Trading Performance

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6 hours ago

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April 10, 2025

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PU Prime is excited to introduce its VPS Promotion, designed to help traders achieve seamless, uninterrupted trading. By meeting the deposit and trading volume requirements, eligible clients can get their VPS costs refunded, ensuring a stable and high-speed trading environment.

 

 

Why Use a VPS?

A Virtual Private Server (VPS) allows traders to execute their strategies with ultra-low latency, enhanced stability, and top-tier security. Whether you’re running Expert Advisors (EAs), automated trading systems, or manual trades, a VPS ensures your orders are executed efficiently, without interruptions.

 

Key Benefits of Using a VPS for Trading

Always-On Trading – Keep your trades running 24/7, even when your device is off.

 

Ultra-Low Latency – Minimize slippage and execute trades faster with optimized server performance.

 

Stable & Secure – Benefit from 99.9% uptime, dedicated bandwidth, and advanced security features.

 

Access Anywhere – Trade from any device, anywhere, with a seamless connection.

 

By leveraging a VPS, traders gain a crucial advantage in maintaining consistent performance, particularly during high volatility market conditions, ensuring trades are executed with precision and reliability.

 

How to Get Your Free VPS

Follow these simple steps to claim your VPS refund and experience uninterrupted trading:

 

For New and Existing Clients

  1. Deposit – Open a live trading account with PU Prime and deposit at least $1,000 USD to qualify.
  2. Choose a VPS Provider – Select and activate a VPS service of your choice based on your trading needs.
  3. Meet the Trading Requirement – Trade a minimum monthly notional value of:
  4. $0.5 million on closed trades to receive a $25 USD refund
  5. $1 million on closed trades to receive a $50 USD refund
  6. Submit Your Refund Request – Upload your VPS invoice via the PU Prime Client Portal, and we’ll credit your refund directly into your trading account.

 

Note: Limited to one VPS refund per client per month. Terms and conditions apply.

 

Unlock the Full Potential of Your Trades

At PU Prime, we are committed to providing traders with the best tools and trading conditions. Our VPS promotion ensures you stay connected, execute trades without disruptions, and enhance your overall trading performance.

 

For more details, visit the PU Prime Promotions Page or contact our support team.

 

For media inquiries, please contact the PU Prime PR team via media@puprime.com.

 

About PU Prime

Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, we offer regulated financial products across various asset classes, including forex, commodities, indices, and shares. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 200 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders. Discover PU Prime’s latest promotions and join us for a fruitful trading journey today. 

 

 

Company Information

Organization:PU Prime

Contact Person Name:Qianyi Hong

Website:https://www.puprime.com/

Email:media@puprime.com

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Cloud PR Wire

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Press Release

PU Prime Clinches Top Honor as Best Partnership Program Brokerage Firm Global 2025

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6 hours ago

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April 10, 2025

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PU Prime, a globally acclaimed online trading platform, has secured the coveted title of Best Partnership Program Brokerage Firm Global 2025, awarded by the prestigious Global Business & Finance Magazine. This recognition shines a spotlight on PU Prime’s unwavering dedication to excellence, groundbreaking innovation, and top-tier partnership offerings that set it apart in the financial world.

 

 

The Global Business & Finance Magazine stands as a trusted authority, delivering sharp, unbiased insights into the international business and finance scene. With a team of veteran journalists and industry experts, the magazine keeps its audience ahead of the curve on global markets, investment tactics, corporate finance, and economic policies. Through its renowned awards, it celebrates trailblazers—individuals, companies, and organizations—that push the boundaries of achievement in the business and finance sectors.

 

A Nod to PU Prime’s Stellar Standards

The Best Partnership Program Brokerage Firm Global award highlights firms excelling in service, transparency, and partner value. PU Prime’s partnership program has been a game-changer, building strong, win-win relationships with affiliates, introducing brokers (IBs), and institutional partners across the globe. Armed with cutting-edge trading tech, lucrative commission setups, and hands-on support, PU Prime is redefining what’s possible in financial services.

 

This global accolade cements PU Prime’s status as a frontrunner in the financial markets, driven by its relentless push to refine its partnership model with fresh strategies, sharper tools, and flawless user experiences.

 

Fueling Progress and Breaking New Ground

PU Prime’s award-winning program packs a punch with perks like:

 

  • Lucrative, clear-cut commission plans
  • Next-level trading platforms and tech
  • Tailored account management and support
  • Robust marketing and branding resources
  • Broad access to trading instruments and liquidity

By pouring resources into its partners and delivering elite tools, PU Prime locks in growth and success amid a fast-changing financial landscape.

 

Eyes on the Future

As PU Prime basks in this milestone, the firm is already gearing up to broaden its global footprint and supercharge its partnership network. Built on trust, dependability, and bold innovation, PU Prime is poised to keep empowering partners and traders while raising the bar for the industry.

 

For press inquiries, reach out to our PR crew at media@puprime.com. 

 

About PU Prime

Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, we offer regulated financial products across various asset classes, including forex, commodities, indices, and shares. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 200 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders. Discover PU Prime’s latest promotions and join us for a fruitful trading journey today.

 

 

Company Information

Organization:PU Prime

Contact Person Name:Qianyi Hong

Website:https://www.puprime.com/

Email:media@puprime.com

About Author

Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

PU Prime Becomes the Official Regional Sponsor of the Argentine Football Association

Published

6 hours ago

on

April 10, 2025

By

PU Prime, a globally recognized online trading platform, is proud to announce its partnership with the Argentine Football Association (AFA) as an Official Regional Sponsor. The partnership, commencing on March 17, 2025, underscores PU Prime’s commitment to excellence and innovation, aligning with one of the most iconic institutions in world football.

This collaboration reflects the shared values between football and trading—discipline, strategy, and execution—all of which are key to achieving success both on and off the field. PU Prime will leverage this partnership to strengthen its regional presence while engaging with football fans through exclusive experiences and unique promotional activities.

As part of the agreement, PU Prime will gain access to a wide range of marketing assets, including exclusive VIP experiences, match tickets, and signed jerseys from AFA icons. These exclusive opportunities will enhance PU Prime’s brand presence and engagement within the football community.

 

“We are delighted to welcome PU Prime as an official sponsor of the Argentine Football Association. At AFA, we continue to collaborate with strategic partners that share our vision and values, both on and off the pitch. PU Prime’s leadership in its sector aligns with our commitment to excellence, and we look forward to a strong and successful partnership,” said Claudio Fabián Tapia, President of AFA.

“We are honored to partner with such a legendary institution. Just as the Argentina National Team has cemented its place as a powerhouse in world football, PU Prime is on a similar trajectory—continuously evolving, innovating, and striving for excellence. This collaboration embodies the spirit of teamwork and perseverance, values that define both great football teams and great trading platforms,” added Daniel Bruce, Managing Director of PU Prime.

More than just a sponsorship, this partnership is a tribute to passion, performance, and the relentless pursuit of excellence. Whether in trading or football, success is driven by precision, strategy, and commitment. PU Prime is excited to bring exclusive experiences to its clients, reinforcing its dedication to innovation and excellence in every aspect of its business.

For more information about the partnership, please visit https://www.puprime.com/pu-prime-becomes-the-official-regional-sponsor-of-the-argentine-football-association/ .

 

About AFA

Founded in 1893, the Argentine Football Association (AFA) is the governing body of football in Argentina and one of the oldest football federations in the world. Headquartered in Buenos Aires, AFA oversees all aspects of the sport, including the organization of domestic leagues such as the Primera División, Primera Nacional, and lower divisions, as well as national cup competitions like the Copa Argentina and Supercopa Argentina.

For more information, kindly refer to afa.com.ar.

Company Information

Organization:PU Prime

Contact Person Name:Qianyi Hong

Website:https://www.puprime.com/

Email:media@puprime.com

About Author

Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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