Cryptoeconomic Ecosystem on a Decentralized File Storage Network: MODULE
What is Module?
- An innovative blockchain platform, based on PoSTT! Proof of Space, Time and Transaction.
For what it was created?
- When you buy a phone you look primarily at the brand, its price, what iron inside and its functionality, camera and memory capacity. For example, you buy a phone with the maximum amount of memory, so just in case, will not be superfluous. It is unlikely that you are using your smartphone to download the full amount of memory available. The question arises, if there is still a lot of free memory on the device, how it is expedient to use it?
To solve this problem, the Module project comes to your aid.
About a project:
The company's innovative software provides part of the block chain as part of a cloud system for low-level hardware users, solving the problems that exist in existing block chain services, namely excessive power consumption and implicit centralization. I hope to finish it. The company has also revealed cryptographic violations (Token MODL) needed to access the platform.
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”.
Platform details:
- With regard to the platform itself, the test run is planned for autumn 2018. After all the tests in December, the developers release the beta version of the Platform for Review.
- The technology at the core of the Module platform is the mining protocol POSTT for decentralized data storage.
- The point is that there are two participants in the network-this is the one who rents a free space to store the data and the one who buys it. They carry out the transaction among themselves, having previously agreed on the price.This algorithm includes three components-a confirmation of the location, time and fact of the transaction itself in the network.
When creating storage storage, the following components are needed:
• Verifier - A node needs a place to store information, that is, a client.
• Farmer is a node that stores data and provides free memory to produce coins.
• Minor - Node that checks transactions in the Smart Contract by creating a new block in the blocking chain.
The communication server is installed separately from blokcheyn and is intended to connect farmers and gauges, control networks and brochures and metadata, and choose an agricultural network.
Miners will create new blocks, thus supporting the work of the entire blockchain system. Their reward will depend on the number of transactions and the amount of storage at some point.
To implement the whole process at the heart of the POSTT algorithm lies the use of P2P technology on Blokchejne, which involves a node for storage (verifier), to provide storage space (farmer) and miner, which creates blocks, Confirming transactions on the network.
Details Token ICO
Token Name: MODULE
Token Symbol: MODL
Token price: 0.008 USD
Platform: ERC-20
Accepted Currencies: ETH
Hard cap: 30 Million
Soft cap: 5 Million
Platform advantages:
- Lower security and prices
- Track mining payments
- Efficiency with a smart contract
- Great potential for development and expansion
- Advanced protection of information from hacking and losses
To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit:
Website: [https://modltoken.io/]
White paper: [https://modltoken.io/doc/whitepaper_en.pdf]
Facebook: [https://web.facebook.com/moduleproject/?_rdc=1&_rdr]
Twitter: [https://twitter.com/MODULE_Project]
Telegram: [https://t.me/module_project]
LinkedIn: [https://www.linkedin.com/company/module-project/]
Author: [https://bitcointalk.org/index.php?action=profile;u=1706807]