MODULE REVIEWS
The crypto world is really growing in popularity as the days passes. With the current increase in cryptocurrencies such as bitcoin and ethereum,they seems to be an increase of people in the cryptocurrency market.
However,upon the increase and popularity of the cryptocurrencies,it still encounters different kinds of problems such as the issues of power consumption and centralization nature of PoS.
Different kinds of cryptocurrencies are seriously working on this issues and they are trying to found a way to improve everything about it. Many platforms have tried to solve this issues but up to date no fundamental solution has been reached.
The whole problems seems to be linked to the paradox that is occurring in the cryptocurrency market. They are groups of people in the crypto world that has a large amount of capital assets and this runs counter to the original idea of the virtual currencies ushering in an era of decentralization.
So as a result of this,the blockchain technology has become centralized and it may squander the opportunity to superhead financial reform and by so doing lost its value. This is the main reason why the module platform was created to solve these whole problems and improve true decentralization.
THE MODULE PLATFORM
The module platform is a platform that makes use of new transaction approval algorithm. It is a new technology platform that gives every one the opportunity to participate in mining even with the use of mobile devices.
The users will have the opportunity to build DApps and also have the ability to issue new currencies on the platform. The platform focused mostly on the mobile devices ,they see it as a way to solve problems and these problems could be power consumption that are mostly caused by cryptocurrencies and their centralization.
The platform announces the future of miners with an energy efficient and also easy to use devices such as the smartphones and tablets. By making use of the capacity of the mobile devices,the users can be able to earn rewards and this depends on the capacity of the mobile free storage ,utilization ,time,space and transaction type.
This simply means that lending of storage space will make the user eligible for compensation. The platform also have many important potentials which can provide other distributed application services.
The team members of the platform and the developers devised a new algorithm and they are also developing a system that will compensate it's users based on three elements of storage which are space,time and transaction.
This here elements will give the users the opportunity to participate in mining with their mobile devices. The platform hopes to make it available to any body that uses smartphone in underdeveloped countries to mine and receive rewards.
THE MODULE TECHNOLOGIES
The module platform have different kinds of technologies that it works with and they include
(1)Cloud storage network:. This technology provides storage space and it also plays same role in data storage and transmission as verified third party organizations. But the only problem with this is that it is a trust based module.
This makes client side encryption possible and it enables a user to transmit and also share data without having to rely on a third parties storage space.
(2)POSTT(proof of stake):. This technology creates a decentralized storage network with its own coins provided by P2P. Millions of clients will use the tokens for storing and transmitting data and the miners too will mine the coins used for data storage and services.
This technology can carry out data storage and data transfer functions across the markets. This markets is developed by POTT and it also includes PoS and POTT. The users can be able to store their data safely for any period of time they want.
THE POSTT BLOCKCHAIN MECHANISM
This was born from the idea to introduce blockchain technology to existing cloud based services. This server is plagued by problems of server management cost and hackers attacks. In this server,the users data are stored in the clients server and the data may leak or even be destroyed if the server is attacked.
This security problems are usually resolved by distributing and storing the users data making use of the P2P method on the blockchain.
NODES THAT PARTICIPATE IN POSTT BLOCKCHAIN
A verifier:. This is a node that divide data and store it in the P2P network.
A farmer:. This nodes provides storage capacity on P2P network and receive rewards for data storage.
A miner:. It verifies transaction history and smart contracts and then generate blocks.
THE MODULE APP:. this is used for storing sensitive information's. It distribute storage and keep data in fragments in many different places. It can also be used to store information that should be kept secret from other.
With the use of module App, anybody can enhance information security through secret sharing. When any information is divided into fragmentary pieces and stored in separate places such information cannot be reproduced with only one fragment but if severally gathered, the information can be reproduced.
THE TOKENS
THE ROADMAP
THE TEAM MEMBERS
CONCLUSION
The module platform is an interesting one with a great concept. The platform wants to bring joy to the whole world through the module projects and then make the world a better place by developing this awesome technologies. The innovative technology such as the blockchain and the IT sphere will continue to develop in future. For more information on this platform just follow the links below and find out yet astonishing details from the module website.
USEFUL LINKS
Website-- https://modltoken.io/
Whitepaper--- https://modltoken.io/doc/whitepaper_en.pdf
Telegram-- https://t.me/module_project
Twitter--- https://twitter.com/MODULE_Project
Facebook--- https://www.facebook.com/moduleproject/
Github--- https://github.com/module-project/
Linkedin--- https://www.linkedin.com/company/module-project/
AUTHOR DETAILS
BITCOINTALK USERNAME--- IFEOMA
BITCOINTALK PROFILE LINK--- https://bitcointalk.org/index.php?action=profile;u=1616375;