The module is developing a platform that can allow users to rent extra storage on their computer systems or additional products - including smartphones and tablets - that can be utilized seeing that part of a blockchain, for any data storage purpose.
The company's innovative software desires to address evils inherent in existing blockchain services - excessive power consumption and tacit centralization - by allowing even user with low-powered hardware to host a portion of the blockchain as part of a cloud system. The firm is usually also liberating its very possess cryptocurrency, the MODL token, that will end up being required to gain access to its platform.
Who Is Behind Module?
The module is the ongoing function of a medium-sized group based in Japan; its six professionals are handling a combined team of nine designers, and the united group provides years of software program advancement and administration experience between them.
Though the company has existed on most popular social media sites, it has not gained a sizable audience yet; its Facebook, Twitter, and Telegram pages possess fewer than 100 fans combined. The business also hasn't received any press from websites, aside from those that gather information regarding upcoming ICOs.
Nevertheless, then a month previous at the time of composing the organization can be much less. Therefore it shall most likely gain even more attention as its ICO talks to and its platform nears achievement.
How Module Blockchain Data Cloud Storage space Network Works
Module's first item is a blockchain-based data storage space system that allows anyone to action seeing that a “miner” (data web host) using their computer’s extra memory space. The system isn't always focused on end users, but preferably at software program designers who could utilize it to handle the back-end for a wide range of applications.
In their whitepaper, Module quotes that there are easily billions of gigabytes going unused on smartphones and other devices throughout the globe; while many blockchain providers depend on beneficial computer systems to verify store and transactions data, Module suggests that all this available storage should end up being harnessed instead.
All data kept on Module's platform is fully encrypted, keeping it protected from the peer whose device it is saved in even, yet it is readily accessible also if the host's device is offline because multiple copies exist.
The platform's developers state that theirs is one of the most viable alternatives proposed to the most widely used blockchain verification architectures since proof-of-work algorithms require significant power consumption, and proof-of-stake strategies are prone to tacit centralization.
The platform’s algorithms are designed to provide a genuinely decentralized system that will have no problem operating at a large scale, even in the future as computers' memories and programs' hardware requirements continue to grow.
What the module allows it is miners to place their prices for their hosting service, which the organization hopes will stimulate healthy competition and let users buy just the storage capacity that they want for their intended use. Opening the ongoing service will require payment in MODL bridal party, which are used to compensate the host users for maintaining the current facility.
Development on the Module system started in Might 2018, though the company's road map indicates that a beta edition won't be released until the end of the 12 months. The firm desires to launch a practical smartphone application through Google Play and the App Shop in the starting of 2019.
Module MODL Symbol ICO Details
Module's MODL is an Ethereum ERC-20 well-matched toke. The private presale will operate from August 15th to July 31st, 2018, and its total public ICO sale will begin immediately soon after and operate until August 15th. During the crowdsale, one MODL small will cost $0.008 US dollars, although customers who contribute in the pre-sale will receive a 7% low cost. The MODL small gentle cap usually is 5M, and the hard hat is undoubtedly 30M.
For more information contact:
Website link : https://modltoken.io
Whitepaper link: https://modltoken.io/doc/whitepaper_en.pdf
Facebook link: https://web.facebook.com/moduleproject/?_rdc=1&_rdr
Twitter link: https://twitter.com/MODULE_Project
Telegram link: https://t.me/module_project
LinkedIn link: https://www.linkedin.com/company/module-project
My bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2379557
