Review MODULE by Gucci Flip Flops. Join to ICO!
Hi friends, my name is Amur, and my bitcointalk username is Gucci Flip Flops, and i am glad to welcome you to my blog! I wrote this article for you about Module - https://modltoken.io.
Module - a platform based on blockchain based technology that allows users to earn on their gadgets (mobile phones, tablets, etc.), laptops, PCs. How exactly? Very simple. They will use (lease) free memory, for example your phone. In addition, it will be possible to cheaply and simply develop Dapps (decentralized applications) on the Module module. In addition, they have not forgotten about the privacy and security of these users. This will be implemented through the system, when the access key is received by more than one user, but it is divided into parts and distributed to a group of devices.
Judging by the road map and WP, the developers of the Module will launch their platform by January 2019.
Team Module states that the platform will be popular in low-income countries. This is due to the fact that the canning will be possible with a regular gadget. Broad application is one of the main signs of the potential success of the Module project.
Main problems:
To date, according to statistics in our world is sold more than 1 billion smartphones per year. There are also estimates that by 2020 about 6 billion smartphones will be used. The average memory capacity of the phone is 32 Gb., Which users do not use until the end. Multiplying the data of this statistics, we can conclude that we do not use a large number of consolidated memory of smartphones, which could bring many benefits.
If you connect also unused memory of laptops, tablets, PCs, then you get huge numbers of free memory that can be included in the system.
Demand for the use of data warehouses around the world is very large. Starting from a different kind of business and ending with state-level institutions, where everyone needs a quick and safe placement of their data. As they say - "demand creates supply." A proposal that the Module project is ready to offer.
Monopolization and centralization of mining.
It is not necessary to go far. In the example, the first crypto currency, bitcoin, can be cited. Its major is already running at almost the monopoly level, where it is almost impossible for a simple "mortal" to go in. Module offers a new algorithm - PoSTT by means of which any user of the system can earn.
Technical part of the project:
Using the PoSTT algorithm (confirmation of location, time and operation) will provide the user with the opportunity to rent out their unused memory in the smartphone. Thus, mining is included, the result of which will depend on free capacity, usage time, and the type of transactions and where they occur.
The Cloud Storage Network is a p2p technology that will also be used by the Module. With its help there is an encryption on the client side, thanks to which you can not count on the "third party". With its help, energy consumption is reduced, and direct payment is realized.
Secret Sharing is another technology that the Module will use to ensure the privacy of users' information storage. This is due to the separation of a large data segment into smaller ones, which in turn are stored in different places. This technology will make it possible to use the Module module in different industries where privacy and high data security are required.
MODL - a token that will be used for calculation inside the system.
There are 3 types of nodes in the Module system:
- Verifier - separates data, requests permission for storage.
- Farmer - receives payment for data storage and provides a capacity where data will be stored.
- Miner - provides support for the block. His duties include: monitoring of transactions and SMART - contracts, generation of units, maintenance of the network.
- The system will use GAS to ensure the execution of transactions.
Team.
In the Module project, the bulk of the team from Japan. Every member of the team is detailed on the website. Also there are links to linkedin.
Conclusion:
A large team from Japan with good experience in development and marketing, which is a big plus. The first result of the project will be seen in October 2018 - the launch of the test version of the MODL App. Judging by the road map, we will be able to "touch" the final draft in early 2019.
Also one of the big pluses is the company's partner ICOBox, which has repeatedly shown its professional approach in promoting blockchain projects.
The main idea of the project looks interesting and the most promising from the point of view of business, because demand in the market is huge.
Thank you for attention.
by Gucci Flip Flops https://bitcointalk.org/index.php?action=profile;u=2110427