Although cryptocurrencies popularity has arisen, still there are little opportunities and chances to utilize it in real life. You might be aware of the fact that Bitcoins which is a famous and popular cryptocurrency can be used in shops, etc but one thing you do not know is that its infrastructure is under construction. Thus in order to bring digital currency into the mainstream, a new algorithm based on blockchain technology gets devised known as the MODULE platform. A team of professionals has developed a network based on storage elements to determine compensation. Know more about the services offered by the platform to the users.
Storage surplus-
Have you ever imagined how much storage is not used in the world? To explain this given below is an assumption-
Mobile storage space- 32GB on an average
Percentage of utilized storage- 50%
Total mobile devices- approximately 2 billion
This data clearly shows that we have storage resources in abundance which gets wasted as 16Gb used data when multiplied with 2 billion devices equals approximately 32 B GB. So, to overcome this MODULE platform intend to utilize the storage resources. It aims to effectively use the unused assets and become an environment-friendly network.
Technology used-
The PCSN also was known as P2P Cloud storage system or network is designed specially so as to make client-side completely encrypted that ultimately enable users to share & transmit information without getting rely on other storage space. The increment in privacy, security, and data control along with eradication of power cuts, and traditional data errors is made possible. Thus, using the network all the inherent problems and issues gets eliminated.
In order to develop a decentralized storage system, POSTT protocols with tokens or coins are provided by P2P. The users can use the coins or tokens for transmitting and storing data as well as they will be able to mine the tokens used for services, data storages, etc. A reward system is also entitled in POSTT protocol along with-
Uploading data process- A node stores encrypted data and break it into segments of set sizes. After the confirmation of successful data storage, it gets passed to verifier via bridge transferring of information process.
Downloading data process- The verifier collects information on data segments for downloading when saving information being received from Bridge transfer. Using Token and IP addresses, from farmer or node data fragments, gets downloaded which then decoded so as to obtain original data.
Token- MODL:
The platform ticker symbol is MODL which ERC-20 as a token during ICO and type-utility token. The total emission of it ranges as 15,000,000,000 MODL and price/token is 0.008 USD. The platform services hard caps and soft caps as $18,000,000 and $5,000,000 respectively. It has issued 2,250,000,000 tokens for distribution. Token allocation is as follows- 15% public sale, 15% team & advisors, 5% ICO incentives, 5% private presale, and 60% mining.
Module app-
The MODULE app can be utilized for data or information storage purpose from other people. In general, by hoarding data on Module in distribution store, the user can improve data security, privacy via “secret sharing”.
This is all about MODULE platform.
Official links for more details,
Website: https://modltoken.io/
Whitepaper: 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/
Thank you for reading my blog.
Published by cryptohipo
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