ICO MODULE

volf22 (26)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.

Who is abaft the module?

Module is the work of a mid-sized team in Japan; His six executives manage a team of nine engineers, and the team has decades of software development and management experience.

Albeit the company is present on the most popular gregarious media sites, it has not reached an astronomically immense audience yet. The Facebook, Twitter and Telegram pages have fewer than 100 adherents. The company has additionally received no press from websites other than those accumulating information about upcoming ICOs.

However, at the time of inditing, the company is less than a month old, so it will probably get more attention when its ICO approaches and its platform nears completion.

How Module Blockchain Data Cloud Storage Network Works

The main product of the module is a blockchain-predicated data storage platform that sanctions anyone to act as a “miner” (data host) with his computer’s free recollection. The system is not obligatorily aimed at end users, but rather at software developers who can manage the back end for a variety of applications.

In their white paper, Modules estimates that billions of gigabytes of data on smartphones and other contrivances around the world go unutilized. While most blockchain accommodations rely on very potent computers to check transactions and store data, Module suggests instead that all this unutilized recollection should be utilized.

All data stored on the platform of the module is plenarily encrypted so that it is forfended from the peer on whose contrivance it is stored, but withal when the contrivance of the host is offline because there are multiple copies.

The developers of the platform state that they are one of the most viable alternatives to the most widely used blockchain verification architectures, as proof-of-work algorithms require immense power consumption and proof-of-stake methods incline to tacit centralization.

The platform’s algorithms are designed to provide an authentically decentralized system that will work well in the future as the hardware requisites of computer recollections and programs perpetuate to grow.

The module enables its miners to set their own hosting accommodation prices, which the company hopes will stimulate salubrious competition and sanction users to buy only the storage capacity they require for their intended use. Access to the accommodation requires payment in MODL tokens, which are habituated to compensate the host users for servicing the accommodation.

The development of the module platform commenced in May 2018, albeit the company’s roadmap shows that a beta release will not be relinquished until the cessation of the year. The company hopes to relinquish a convenient smartphone app on Google Play and the App Store in early 2019.

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.

Ecosystem Module

Module is a platform where any user of a smartphone, tablet or personal computer, installing an appropriate application, can earn tokens by allocating a specific place in the memory of their device for a certain period of time. This site will be involved in a cloud storage network for encoded information that is stored on the basis of p2p (peer to peer) smart customers who wish to keep them.

Despite the fact that the distribution of content is planned around the world, the focus is on the third world countries, for residents of which even small amounts of additional earnings play a significant role. Testing of the beta version of the application is expected in October this year. Thanks to the security of the blocking and the secrecy of distribution, the MODULE application can be used in finance, logistics and other areas related to official documents.

With the expansion of the number of participants, it is supposed to provide an opportunity for everyone who wants to develop their own blocking applications. The existing smart contracts and secure blocking will also enable start-ups with the launch of their own ICO (initial coin placement)

Members of the ecosystem

The unique protocol of ProSTT (proof of space, time and transaction) - the confirmation of space, time and transaction - allows customers to pay for storage, transfer of data to ecosystem tokens in proportion to the amount of memory and time for storage, the number of transactions. During the formation of the storage, the following sites are involved in the lease:

• Verifier - a node that needs a place to store its information, in other words, a client.
• A farmer is a node that provides free memory to host data and earns it coins.
• Miner - a node that confirms transactions with a smart contract by creating new blocks in the chain of blocking.

The connecting server is located separately from the cluster and is designed to connect the farmer and the verifier, monitor the network and the host, as well as store metadata and select a farm network that is based on calculating the location of the closer device.

Principle of operation

ECC cryptography is a method based on the use of an elliptic curve over a finite field. The ESS needs a lesser key to ensure greater resilience compared to other systems. Using this method of encryption, the verifier encodes the information and divides it into several fragments that are randomly allocated to save to farmers.

For additional protection, the encrypted fragments are copied repeatedly. The connecting server passes the data of the farmer to the verifier to transfer the coded fragment to it for storage in exchange for tokens in accordance with the smart contract.

For calculations as a result of transactions, users pay a commission depending on the load on the network. The cost of this commission is denoted in units called "gas".

Platform Advantages:

• Security and lower prices
• Tracked payment for mining
• Efficiency through smart contracts
• Great potential for development and expansion
• High protection of information from hacking and loss

Module MODL Token ICO Details

Module MODL is an Ethereum ERC-20 compatible toke. Private pre-sale runs from June 15 through July 31, 2018. All public ICO sales commence immediately thereafter and run until August 15.

During the crowdsale, a MODL token will cost you $ 0.008, even though pre-sale customers receive a 7% discount. The MODL Token Soft Cap is 5M and the Hard Cap is 30M.

Fund distribution