Oyster - News !
Source : https://web.telegram.org/#/im?p=@palmbeachvip
"Bringing It All Together
Oyster Protocol provides a framework for accessing a decentralized mesh
network. This network connects website owners, storage users and nodes
(Web and Broker).
The Oyster Protocol enables websites to generate traffic revenue as visitors
perform Proof of Work for a decentralized storage ledger. Web Nodes are
everyday computers, smartphones, cars - anything with a modern web browser.
They communicate with each other directly, only needing occasional connection
brokerage from Broker Nodes. Web nodes recompense for their work is granted
access to content/goods/services from the corresponding website owner.
Website owners and broker nodes are rewarded with PRL token.
PRL is an Ethereum-based ERC20 token that serves as currency
on Oyster's ecosystem.
-------------------------------OVERVIEW--------------------------------
Oyster is a new solution that grants a parallel revenue stream to websites by
adding one line of code.
Website visitors contribute a portion of their CPU and GPU power to enable
users' files to be stored on a decentralised and anonymous ledger. In return,
such users indirectly pay the website owners for maintaining the storage of
their data.
--------------------------------PRICE--------------------------------
Oyster currently has a 1.5 million market cap and is only ranked
#580. There is 31,823,026 circulating PRL out of 108,592,692 PRL for 29.3%
of the coins in circulation. Earlier this week, it was at a 750 thousand market
cap, after a huge bear run. It is only available to trade on
Etherdelta,Cryptopia and Kucoin with the BTC/PRL ETH/PRL pair.
OYSTER TECHNOLOGY AND EXPLANATION------------------
Files uploaded via Oyster are stored on the IOTA Tangle. This means that
an excess of redundant duplicates are stored throughout the network topology
of the Tangle, therefore mitigating the threat of data loss. Nodes running the
Oyster Protocol perform Proof of Work to guarantee that the Tangle retains the
data.
The IOTA Tangle (Directed Acyclic Graph) is used for data retention and Proof
of Work negotiation between Nodes. The Smart Contract technology of the
Ethereum Blockchain is used to produce Oyster Pearls (the token), therefore
activating the unique token attributes that enables Oyster operation.
Oyster Web Nodes perform Proof of Work to search for embedded Pearls on
the Tangle, which inadvertently commits the user uploaded data to the Tangle.
It's like how a bee tries to get the sweet nectar of a flower, so it inadvertently
pollinates the flower with the pollen on it's body. All activity across the
Oyster network is economically motivated, no aspect of the Protocol
relies on altruistic actors.
No personal information, usernames, nor passwords are ever used. Each
uploaded file is assigned a unique handle, which acts like a private seed key.
Anyone that has the handle can retrieve the data from the Tangle, even if they
were to use their own custom-built script and Tangle Node. Mixer contracts on
the Ethereum Blockchain can conceal who paid for the storage.
The Oyster Protocol is developed in a community driven model without any
single point of failure. Extension projects can be built on top of the mesh-net
topology and protocol API. This enables a whole class of truly decentralized
applications to be built; such as decentralized telephone calling. Anyone is
able to develop clients or extensions without permission from a central
figurehead.
Oyster Pearls are the bridge between the motivation of a user to spend money
on reliably storing data and the motivation of a website owner to cleanly
monetize their web content. The Pearl Token (PRL) is unlike any other coin, it
is intrinsically pegged to the market value of storage prices without
requiring a reserve to back it up. The crowdsale price is offered at a fraction of
storage prices, therefore early investors earn profit with low downside risk.
-----------------------------MY THEORY--------------------------------
If any major websites use PRL, this is going to BLOW UP. I can see a 150
million dollar cap, for 100x gains.