Module Ico Review: Cryptoeconomic Ecosystem, A Cloud Storage Network

dayo648 (25)in #ico • 6 years ago

About Module

The Module is a blockchain-based platform offering an asset of free mobile device storage. Module platform allows users to mine and rent unused GB even from small portable devices, which means that any mobile phone owner will be able to participate in the Module business and earn.

MODULE is a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, etc. as an asset. Using the MODULE platform, one will be able to participate in mining even from a smartphone. Servers and enterprises can also participate in mining.

Module’s consensus (mining) algorithm makes it possible to earn rewards by lending out storage space. As the storage capacity of devices progresses and expands, one can expect the various services offered to expand. In addition to issuing new original coins, users will also be able to develop Dapps (decentralized applications) on the platform.

Technology

The PCSN (P2P Cloud Storage Network), which made client-side encryption possible, enables a user to transmit and share data without having to rely on a third party’s storage space. The elimination of central control can alleviate problems such as traditional data errors and power cuts, while significantly increasing security, privacy and data control. Earlier, the P2P network was not suited for building a storage system. With this system we solve the inherent problems by implementing direct payment (Suggested solution) – (Method similar to the response verification system).

This will enable data authenticity to be checked on a regular basis, and compensation to be
paid for the data stored in PEER. Module also propose an address access model and independence in this system, as well as the ability for the nodes to aggregate.

Consensus Algorithm

The POSTT decentralized storage network can perform data storage and data transfer (downloading etc.) functions across two markets. The two markets are the data storage market and the data service market. A client and a miner determine the service price, form an ORDER in the market, and process each ORDER. This market is developed by POSTT, which includes both POS (Proof of Space) and POTT (Proof of Time and Transaction). Users will be able to store their data safely for any period of time they want. Finally, miners will support the blockchain by generating new blocks, and the opportunity for miners to earn rewards for exerting influence on the new blocks will be proportional to the storage space, time, and the number of transactions currently provided to the network.

Platform

Gain access to Module’s solutions, which enable, you to store and manage your data privately, securely, independently and quickly. Your data assets are stored at a blockchain address, which is fully controlled by you – the only person who can access them. Take advantage of our platform’s Secret Sharing concept. Rent space and start mining – it’s easy with Module. use blockchain for fast deployment of your own service, pay for data, data storage and transfer services. Use tokens to pay for system integrity and award miners, send payments to developers and contributors, support scientific labs and universities, create affiliate and loyalty systems etc.

Features

internal testing will start from October 2018. The beta version will be distributed to users in December, after the completion of testing. The official release in Google Play and App Store is scheduled for January.

one of the features of our project is that a token holder = MODL user. The beta version of the MODL application will be distributed to the users who purchased a MODL token during the ICO. The more activity on the application, the more value of MODL to be distributed. Influencers will be used to propagate the App and acquire users. Press releases will begin in the Asian region from August 2018.

Module App – Data storage service

MODULE is suitable for storage of sensitive information because its distributed storage keeps data in fragments in many different places. It can be used to store information that should be kept secret from others. In particular, by storing information in a distributed store like MODULE, one can enhance information security through “secret sharing”. In other words, if sensitive information is divided into fragmentary pieces of information and stored in separate places, information cannot be reproduced with only one fragment, but if several pieces are gathered, the information can be reproduced.
This Secret Sharing method will be used in blockchain, and to build secure cloud storage for the safe storage of sensitive information.

The technique for concealing documents recorded in blockchain through the management of secret sharing keys has already been developed. One obstacle to utilizing blockchain to handle sensitive information was the fact that information on blockchain must be disclosed to the entire community of users. However, by combining blockchain technology and secret sharing, one can expect higher security and convenience. In this way blockchain can be used in various fields such as finance, distribution, in the supply chain, official document management, etc.