At 1:00 PM UTC on December 05, 2021, VBC hosted the AMA show with Cherry Network project, whose representative for this AMA is Mr.Herman Jacobs – Founder & CEO of the project.
Brief introduction of the guest and Cherry Network
I want to once again thank your community for having me! Vietnam is one of my favorite countries! I visit all the time. Lots of great blockchain talent!
But yes, let’s cut to the chase. You’ve asked me about an overview about myself and the Cherry ? team. So here it goes:
Our team has a rich experience as engineers in the cryptocurrency industry. I joined crypto very early on, contributing to projects such as Feathercoin and Namecoin in early 2013. I later joined DASH where I met my current cofounder Buer. From there we went off to work on PIVX, a privacy focused cryptocurrency that became very well known in 2017. Those of you who were around in 2017/18 may remember PIVX as we climbed the coinmarketcap rankings to reach 8th place, peaking at more than nine-hundred million dollars in value. The third co-founder is called Romeo who hasn’t worked in the crypto industry before but who has contributed to a variety of open source efforts including i2p, a privacy networking solution.
The three of us started Cherry in November 2020, and together with a team of skilled engineers we have been developing our network through to today. I’d love to tell you all about Cherry and our progress so far, and share our exciting plans for the future.
Question: Apparently, many blockchain projects are not solving any real problem, they just exist to sell their tokens. What problems exactly is Cherry Network solving, and solutions are you providing?
Mr.Jacobs: Well that’s a great question! We’re building a layer one blockchain network. This means ours won’t simply be a token or dApp, but rather a platform where dApps and other things such as NFTs may be built. In addition to this powerful runtime where smart contracts can run, we also have a storage module whereby people can store their files in a safe, private, and distributed way. The novelty of Cherry Network is that files stored in our distributed file storage can be accessed by the smart contracts running on our runtime. This means that smart contracts which are limited to using expensive and limited online storage on other blockchains, can now access databases and other complex data structures completely trustlessly on Cherry.
We believe this is an important feature useful to a lot of applications that must store large amounts of data. Over 44 projects have already committed to joining the Cherry Ecosystem and building on our technology, but we want more people to get involved! The best way to do it is to get your hands dirty experimenting with our code and chatting with our community to learn the ropes.
We’ll be launching our testnet shortly, and we plan on building out our documentation over the next week or so. Keep an eye on our announcement channels for that.