Description
Cherry Network is a layer-one blockchain optimized for data operations, designed to provide a trustless, business-ready interface to decentralized file systems. It connects smart contracts with distributed storage, leveraging technologies like IPFS. Built on Parity Substrate, the network uses a Nominated Proof-of-Stake (PoS) consensus mechanism and supports smart contracts written in Rust (Ink!) via a WASM runtime, ensuring interoperability with other chains like Ethereum. The Cherry ecosystem includes Cherry Storage for peer-to-peer file storage, Cherry Labs for incubating startups, and projects like the Cherish social network and Unigate payments protocol. The mainnet launched in June 2022, enabling staking and full network functionality.