Cherry Network

The Cherry Project is a Decentralized Autonomous Organisation developing a layer one blockchain network optimized for data operations. Cherry serves as a purpose specific infrastructure for decentralized applications handling data. Built on Substrate, it implements state od the art cryptographic standards to provide for second layer scalability (zkSNARKs), and features a node-level IPFS integration that allows the Cherry Virtual Machine to natively interface with an indexed queryable data storage and referencing facility.

This novel native to IPFS communication mechanism allows smart contracts to interact with an updated state of the data in runtime. These advanced features come prebuilt in our core, and are accessible on other blockchains through Cherry's interoperability channels. Decentralized applications built on Cherry or many of the most renowned decentralized networks can now leverage Cherry's features to augment their dApps. Most of the complexities of building integrated web3 applications handling data are, thus, abstracted away to the core, allowing smart contract developers to rely on a rich base layer toolkit, and ultimately focus on best serving their customers.

Cherry Cartel started as a Cherry Labs initiative to bring retail investors access to the innovative new projects launching within the Cherry Ecosystem. In the weeks since its ideation it slowly took shape as a project of its own. Cherry Cartel has grown into an investment DAO proper, and Cherry Labs will be managing one of the many investment pools verticalized in the Cherry Ecosystem.

Everyone will be able to deposit into managed pools accepting $CHER, among other crypto, with multiple new options to be added further down the line. To kick things off, the Cherry Labs managed pool will be the first farm and work as a riskless pool that guarantees everyone’s initial capital.

Cherry Chain testnet was released at the beginning of January.