THE BLOCKCHAIN TECHNOLOGY OF MODULE ICO
The module is a blockchain-based system built to use the free of charge storage of smartphones, Computers, servers, etc. as a great asset. Utilizing the MODULE program, one can participate inside mining even from your smartphone. Servers and enterprises may also engage in exploration. The PoSTT blockchain had been born through the idea to be able to introduce blockchain technology to be able to exist cloud-based servers. Typically the existing client-server solution is plagued by problems of server management costs plus hacker attacks. In a new client-server solution, the user’s data are kept inside the client’s server, and data may leak or perhaps be destroyed if typically the server is attacked. However, this data security trouble can be resolved by merely distributing and storing the user’s data usually using the particular P2P method on the blockchain. Besides, data can be stored cheaper.
The Blockchain Technology
Node that is usually requesting data storage (Verifier): a node that attempts to divide data and store it inside the P2P network Node that provides safe-keeping capacity (Farmer): a client that includes storage ability on the P2P community and receives rewards (coins) for data storage Client which preserves the blockchain: a knob of which confirms the operation history and smart bond, produces blocks and sustains the blockchain- The PoSTT blockchain has its coin. The Verifier may pay the price tag on storing the particular data with this endroit, plus the Farmer will obtain coins as compensation about providing storage capacity to retail store the data. This implies that the PoSTT blockchain has a transaction function associated with the sending and receiving of coins.
- The particular Verifier plus the Farmer also conclude a smart contract related to store each other’s data, so that the Verifier and the Farmer may safely perform data digesting. In other words, blockchain outlets intelligent agreements associated with transactions with coins (transmission/reception) and data administration. To do so, typically the Farmer has got the deal with of the token for typically the smart agreement. Besides there is a linking server which subsists distinctly imminent from blockchain.
The Bridge machine monitors the current P2P network and blockchain, in addition to acts as a relayer that chooses which Farmer’s network the data through the Verifier should become saved and informs the particular Verifier of this.
Typically the Bridge forms the relationship involving the Farmer and the particular Verifier. The Bridge retailers only MetaData, not the personal data in the Verifier. The Bridge periodically inspections the status of the Farmer and monitors the reliability and validity in the info stored in the Farmer’s network, the state from the data and the transaction relationship. By providing API, the Bridge gives some other blockchain developers the possibility to extend various functions of the PoSTT blocks. Applying this API, the creator can check the existing state of the blockchain state, etc, and build multiple programs using the particular PoSTT blockchain. The Connection also includes algorithms like file status, setting the specific standards for the choice of a Farmer, and so on. In inclusion, the Markel Tree utility will create mutual faith between the Grower and the specific Verifier and assist since confirmation of file precision.
The reward method
The recompense scheme in PoSTT blockchain is given. In PoSTT blockchain system, the recompense is relative towards the extent of the specific data, the period for that the information is deposited in the bulge (Miner) of that delivered the storing, in addition to the number of transactions.A new node that attempts to be able to store data (the Verifier) encrypts the data and after that breaks it into broken phrases of a set dimension. It then requests information on a Farmer from the particular Bridge. The Farmer will undoubtedly generate a smart deal associated with the knowledge and will have the expression address. The Bridge transactions the token address in addition to IP address of typically the Farmer that is greatest suited to the Verifier. The Verifier uses the Farmer’s IP address to be able to transfer the corresponding piece of data for the Farmer, who stores it, in addition to executes the smart deal via the Farmer’s assigned token report. The Bond continually observers if the Farmer has appropriately kept the information type, and periodically bank checks the accuracy from the Farmer’s data after that. Right after confirming that the information was appropriately stored, the particular Bridge transfers the information regarding the kept data explodes to the Verifier. Once that is done, the Farmer will receive an incentive dependent on the size regarding the data stashed inside the Farmer’s network, enough time that the data is usually stored, and the quantity of data transactions.
The particular Verifier acquires data about downloading from the info on the data fragment obtained from the Bridge when saving your data.
The information about the Farmer stowing the reviewer’s data portion is usually hoarded in the Verifier’s system. To download the report, the Verifier executes to the wise contract applying the Farmer’s token deal with. This signifies that coins are also paid when info is downloaded from typically the Farmer’s network. The Verifier downloads the data fragments from the Farmer making use of the IP and expression addresses and combines them, then decodes the information to get the original data.
For more information, visit the link below:
| ICO NAME | MODULE |
|---|---|
| Website | https://modltoken.io |
| WhitePaper | https://modltoken.io/doc/whitepaper_en.pdf |
| https://twitter.com/MODULE_Project | |
| Telegram | https://t.me/module_project |
| https://www.facebook.com/moduleproject/ | |
| Author Bitcointalk ID | onemancrypto |
|---|---|
| BTT link | https://bitcointalk.org/index.php?action=profile;u=1769254 |
| ETH ID | 0x9028bF231cC510105c202213078d33ce1E2de102 |