INTRODUCTION
There are rapid changes in the digital world; new concepts are being sort for on daily bases. These changes have necessitated the need for modification in the way data are stored, managed and retrieved. The process of data storage has gone through a lot of stages and the latest being cloud storage. Just as the name implies, cloud data storage entails delivery of data set from local computers to remote servers and storage facilities whose exact location may not be known to the user, but the data set can be accessed and managed at any time. There are many organizations that offers these services as this technology have proven to be cost effective and efficient especially when huge data is involved. In other words, cloud data storage represents a paradigm shift to the previous methods of data storage, hence, the reason for the rapid growth and adoption that have ensued. However, this process involves a lot of computational powers which are often not harnessed and there have also arose major challenges in this regard such as security challenges, exorbitant charges and so on. The weaknesses are what inspired the IAGON project. We shall explain these challenges and how IAGON plans to address them.
THE PROBLEM
Conventional cloud storage systems are centralized and prone to hacks and other security challenges. There is also the problem of reliability of the data centers and the liability of the data storage companies in case of loss of data. On the other hand, decentralized cloud storage systems also suffer the same fate as the centralized cloud storage systems in terms of reliability and privacy. This is because most decentralized cloud storages do not have the ability to recover lost data in the event of hardware crash or hack. These are major concern that need urgent solution.
IAGON SOLUTION
IAGON deploys the power of artificial intelligence, Neural Networks and other special algorithms to develop a decentralized and secure cloud storage system. IAGON solves the issue of security in a fantastic way and this involves the use of machine learning algorithm to distribute load across a decentralized network for processing and then encrypts/decrypts data which flows through its system. In this way, it becomes impossible to hack. IAGON is designed to be able to completely recover lost records from only 10% of available data. This represents a leading light in this aspect and will usher in a new business.
FEATURES OF THE IAGON PLATFORM
Some of the outstanding features of the IAGON platform are highlighted below:
-Mining gate through which individuals and organizations can generate revenue by sharing their computer resources such as processing power and storage within the IAGON ecosystem.
-Smart contract which allows any individuals or organizations to publish their own smart contracts in an easy user interface without passing through the stress of coding
-Means of identifying honest and attacking nodes within a system
-Reinforcement learning which enable the algorithm of the IAGON platform refine and improve in decision making
IAGON TOKEN DISTRIBUTION
To create value for this platform, tokenization becomes necessary. Consequently, a total of 1 billion IAGON token (IAG) have been created and will be distributed as shown below:
Pre-sale 20% or 200,000,000 IAG
Main sale 50% or 500,000,000 IAG
Team 10% or 100,000,00 IAG
Bounty and Advisors 10% or 100,000,000 IAG
Development 10% or 100,000,000 IAG
It is worthy of note that transaction within the IAGON ecosystem will be done with the IAGON token. Hence, as the platform develops, there will massive demand for the token which will correspond to an increase in value of the token.
IAGON TOKEN SALE
To raise the necessary funding for this massive project and also give the general public the opportunity to be part of something worthwhile, IAGON will be conducting an ICO.
The token sale detail is outlined below
Pre-sale Starts 27th May and lasts for 30 days
Main sale Starts 7th July and lasts 30-60 days
Price per token $0.06-$0.12 (depending on when and the amount contributed)
Payment methods ETH, Bank wire, Debit card
It is expedient to note that this is a project with a product that offers solution to real life problem. Therefore, I will recommend you go through the whitepaper and other necessary materials available to be able to arrive a wise decision.
TEAM AND ROADMAP
This project is championed by a team of expert in various areas of leading technologies. The CEO of this project is Dr. Navjit Dhaliwal. Other members of the team are Dr. Elad Harison of KLM and Dr Claudio Lima the former CTO of Huawei who happens to be the CTO of this project.
It is expect that the project will be completed by Q1 2019 as this year will see the completion of the ICO and all other technical developments of the project.
For more information about the project and token sale, please visit any of the links below:
Website: https://www.iagon.com/
ANN Thread: https://bitcointalk.org/index.php?topic=2945888.0
Whitepaper: https://www.iagon.com/pdf/Iagon%20Whitepaper%20v3.2.pdf
Facebook: https://www.facebook.com/IagonOfficial/
Telegram: https://t.me/Iagon_official
This article was written by:
BTT username: nattykio
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1617655
