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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

XRP News Today: Find Mining Launches the World’s First Zero-Entry XRP Cloud Mining App, Helping You Convert XRP into Stable Passive Income

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7 hours ago

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August 2, 2025

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Hamptons, New York, 2nd Aug 2025, ZEX PR WIRE,  Find Mining, a leading global digital currency service provider, today announced the official launch of its new XRP Cloud Mining app. This innovative application is designed to provide global investors with a more convenient, secure, and environmentally friendly way to easily hold and grow digital assets, generating stable daily passive income.

Breaking the barriers of traditional mining

In the past, cryptocurrency mining often required expensive hardware and complex technical support, which discouraged many potential investors. Find Mining has completely eliminated these obstacles through its unique cloud computing mining model:

  • Zero hardware investment: No need to purchase mining machines or graphics cards; participate directly from your phone.
  • One-click operation: Fully automated mining, no technical background required.
  • Environmentally friendly: Leveraging the world’s top renewable energy data centers, effectively reducing energy consumption and carbon emissions.

 Start XRP Cloud Mining in Five Easy Steps

Find Mining’s XRP Cloud Mining app is simple and intuitive, allowing users to get started in just five steps: 

  1. Register and claim your bonus: Register with your email address and receive a $15 bonus.
  2. Choose a mining contract: Flexible options allow for short-term trials and long-term, stable returns.
  3. Deposit Account: Compatible with major cryptocurrencies such as BTC, ETH, XRP, USDT, LTC, DOGE, BCH, and SOL.
  4. Automatic Mining: Automated mining begins immediately after the contract becomes effective, with profits settled daily.
  5. Withdrawal or Reinvestment: Withdraw to your personal wallet upon depositing $100 or more, or reinvest to achieve compound interest growth.

 Dual protection of security and compliance

Find Mining always puts user asset security first: 

  • McAfee®-class network security system and Cloudflare® protection mechanisms effectively defend against DDoS and hacker attacks.
  • Passed multiple internationally recognized third-party security audits, ensuring transparent and traceable funds and guaranteed compliance.

 Global Service, 24/7 Support

Find Mining’s business covers 135 countries and regions, and is equipped with a 24/7 multilingual customer service team, allowing global users to seamlessly integrate into the digital economy ecosystem.

Stable income, risk hedging

All mining contracts are denominated in US dollars. Find Mining automatically converts cryptocurrency into US dollars at the real-time exchange rate when users deposit, effectively locking in investment value and protecting against market fluctuations. Upon withdrawal, funds are converted back into the user’s preferred cryptocurrency, ensuring both flexibility and security. 

Looking to the future

Industry insiders believe that Find Mining’s XRP Cloud Mining app will not only boost the XRP ecosystem but also open up new avenues for investors to increase their wealth. Whether you’re a digital currency novice or a long-term investor seeking stable returns, this platform offers opportunities for both newcomers and long-term investors.

Visit https://findmining.com to start your XRP cloud mining journey now!

Download the official app with one click or search “findmining” on Google Play to download the official app

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

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Press Release

Aere Network’s GRN Gains Global Support for Blockchain-Driven Sustainability and Empowerment by 2030

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11 hours ago

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August 2, 2025

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New York, NY – July 31, 2025 – Following its groundbreaking announcement on July 28, Aere Network, the high-performance Layer 1 blockchain platform boasting speeds surpassing 273,000 transactions per second (TPS), reports that its Global Resilience Network (GRN) is already generating significant buzz across the globe. Environmental activists and sustainability leaders are rallying behind this initiative, praising its potential to address pressing planetary issues through eco-friendly decentralized innovation.

Since the unveiling just days ago, GRN has sparked widespread discussions in international forums, social media channels, and eco-tech communities, highlighting its role in combating climate degradation and fostering human advancement. Activists from organizations focused on ocean conservation, renewable energy, and global equity have voiced strong approval, citing GRN’s carbon-negative framework as a game-changer for real-world impact.

At the heart of GRN is Aere Network’s advanced blockchain ecosystem, which integrates scalable solutions to tackle pollution, resource scarcity, and inequality. By enabling efficient, secure applications, GRN empowers users to engage in initiatives like sustainable resource tracking and community-led resilience projects.

Core features of the Global Resilience Network encompass:

High-Speed Transactions: Delivering over 273K TPS to support expansive sustainability efforts without delays.

Eco-Conscious Design: Carbon-negative operations funded by green tech investments and habitat restoration programs.

Inclusive Tools: Platforms for global participation in environmental actions, including tokenized incentives for conservation and empowerment.

2030 Vision: A strategic timeline targeting full integration by 2026, in sync with worldwide goals such as the UN Sustainable Development Goals.

“We are humbled by the rapid global resonance of GRN,” stated Liviu Hrenaru, CEO of Aere Network. “The endorsement from activists underscores our commitment to leveraging blockchain for a healthier planet and empowered societies. This is just the beginning of a movement that’s capturing hearts and minds worldwide.”

Aere Network encourages partners, investors, and advocates to get involved. The project’s Initial Exchange Offering (IEO) is currently active on P2B, offering a prime entry point into this transformative endeavor.

Visit aere.network for details or connect with us on X at @Aerenetwork.

About Aere Network

Aere Network leads in sustainable blockchain development, emphasizing speed, security, and environmental responsibility to create lasting positive change for Earth and its people.

Media Contact:

Aere.network

Email: office@aere.com

Media Contact

Company Name: Aere Network

Contact Person: Liviu Hrenaru

Email: office@aere.com

Country: United States

Website: https://aere.network/

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Press Release

Hong Kong Debt Restructure Office Introduces Comprehensive Financial Relief Services Led by Banking Veterans

Published

12 hours ago

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August 2, 2025

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Expert team of former senior bankers offers specialized debt restructuring solutions to address Hong Kong’s evolving financial landscape

HONG KONG– Hong Kong Debt Restructure Office (HKDEBTRO), a newly established financial services firm, today announced the launch of its comprehensive debt restructuring services designed to provide relief to individuals and businesses facing financial challenges. The firm, founded by several former senior bankers with over ten years of combined experience and supported by a professional legal team, aims to leverage deep industry knowledge to help clients navigate complex debt situations.

The launch comes at a critical time for Hong Kong’s financial sector, as the region continues to experience evolving monetary policies and market uncertainties. According to recent financial reports, Hong Kong’s financial markets have maintained stability despite global economic pressures, creating opportunities for specialized financial services.

“Our team’s extensive background in banking and finance, combined with our legal expertise, positions us uniquely to understand the intricate details of bank terms and financial institution requirements,” said a spokesperson for Hong Kong Debt Restructure Office. “We are committed to helping our clients reduce interest burdens and alleviate repayment pressures through strategic debt restructuring solutions.”

Comprehensive Service Offering

Hong Kong Debt Restructure Office specializes in providing tailored debt restructuring solutions that address the specific needs of each client. The firm’s services include detailed analysis of existing debt obligations, negotiation with financial institutions, and implementation of restructuring plans designed to minimize financial strain while maintaining compliance with legal requirements.

The company’s approach leverages the founders’ insider knowledge of banking operations and lending practices, enabling them to craft solutions that are both practical and sustainable. This expertise is particularly valuable in Hong Kong’s complex financial environment, where understanding regulatory frameworks and institutional procedures is crucial for successful debt restructuring.

Market Context and Industry Expertise

The debt restructuring market has gained significant attention in recent years, with private credit markets experiencing substantial growth globally. Industry reports indicate that the private credit market exceeded US$1.5 trillion in early 2024 and is projected to reach US$2.8 trillion by 2028, highlighting the increasing demand for specialized financial services.

debt restructuring hong kong Office’s team brings valuable experience from their previous roles in senior banking positions, providing clients with insights into how financial institutions evaluate and process restructuring requests. This knowledge enables the firm to develop strategies that align with institutional requirements while maximizing benefits for clients.

Professional Standards and Client Focus

The firm operates under strict professional standards, ensuring that all debt restructuring procedures comply with Hong Kong’s legal requirements and industry best practices. The combination of banking expertise and legal knowledge allows Hong Kong Debt Restructure Office to provide comprehensive solutions that address both financial and legal aspects of debt restructuring.

“Our goal is to provide clients with clear pathways to financial stability,” explained the company representative. “By understanding both the banking perspective and legal requirements, we can create restructuring plans that are acceptable to all parties while providing meaningful relief to our clients.”

About Hong Kong Debt Restructure Office

Hong Kong Debt Restructure Office is located at 2214, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong. The firm was established by former senior banking professionals with extensive experience in financial services and debt management, supported by a dedicated legal team specializing in debt restructuring procedures.

For more information about Hong Kong Debt Restructure Office and its services, visit https://hkdebtro.com/, call 3480 0223, or email hkdebtro@gmail.com. Follow the company on Facebook at https://www.facebook.com/hkdebtro/ for updates and financial insights.

Contact Information:

Hong Kong Debt Restructure Office

Phone: 3480 0223

Email: hkdebtro@gmail.com

Website: https://hkdebtro.com/

Address: 2214, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong

Media Contact

Organization: Hong Kong Debt Restructure Office

Contact Person: Media Relation Management

Website: https://hkdebtro.com/

Email: Send Email

Contact Number: +85234800223

Address:2214, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong

Country:Hong Kong S.A.R.

Release id:31822

View source version on King Newswire:
Hong Kong Debt Restructure Office Introduces Comprehensive Financial Relief Services Led by Banking Veterans

This content is provided by a third-party source. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release.

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