Module Ico Review

prover (26)in #module • 6 years ago

About Module

The Module is a blockchain-based platform offering an asset of free mobile device storage. Module platform allows users to mine and rent unused GB even from small portable devices, which means that any mobile phone owner will be able to participate in the Module business and earn.

MODULE is a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, etc. as an asset. Using the MODULE platform, one will be able to participate in mining even from a smartphone. Servers and enterprises can also participate in mining.

Module’s consensus (mining) algorithm makes it possible to earn rewards by lending out storage space. As the storage capacity of devices progresses and expands, one can expect the various services offered to expand. In addition to issuing new original coins, users will also be able to develop Dapps (decentralized applications) on the platform.

Technology

The PCSN (P2P Cloud Storage Network), which made client-side encryption possible, enables a user to transmit and share data without having to rely on a third party’s storage space. The elimination of central control can alleviate problems such as traditional data errors and power cuts, while significantly increasing security, privacy and data control. Earlier, the P2P network was not suited for building a storage system. With this system we solve the inherent problems by implementing direct payment (Suggested solution) – (Method similar to the response verification system).

This will enable data authenticity to be checked on a regular basis, and compensation to be
paid for the data stored in PEER. Module also propose an address access model and independence in this system, as well as the ability for the nodes to aggregate.
Ecosystem Module
Module is a platform where any user of a smartphone, tablet or personal computer, installing an appropriate application, can earn tokens by allocating a specific place in the memory of their device for a certain period of time. This site will be involved in a cloud storage network for encoded information that is stored on the basis of p2p (peer to peer) smart customers who wish to keep them.
Despite the fact that the distribution of content is planned around the world, the focus is on the third world countries, for residents of which even small amounts of additional earnings play a significant role. Testing of the beta version of the application is expected in October this year. Thanks to the security of the blocking and the secrecy of distribution, the MODULE application can be used in finance, logistics and other areas related to official documents.
With the expansion of the number of participants, it is supposed to provide an opportunity for everyone who wants to develop their own blocking applications. The existing smart contracts and secure blocking will also enable start-ups with the launch of their own ICO (initial coin placement)

Members of the ecosystem
The unique protocol of ProSTT (proof of space, time and transaction) - the confirmation of space, time and transaction - allows customers to pay for storage, transfer of data to ecosystem tokens in proportion to the amount of memory and time for storage, the number of transactions. During the formation of the storage, the following sites are involved in the lease:
• Verifier - a node that needs a place to store its information, in other words, a client.
• A farmer is a node that provides free memory to host data and earns it coins.
• Miner - a node that confirms transactions with a smart contract by creating new blocks in the chain of blocking.
The connecting server is located separately from the cluster and is designed to connect the farmer and the verifier, monitor the network and the host, as well as store metadata and select a farm network that is based on calculating the location of the closer device.

Principle of operation
ECC cryptography is a method based on the use of an elliptic curve over a finite field. The ESS needs a lesser key to ensure greater resilience compared to other systems. Using this method of encryption, the verifier encodes the information and divides it into several fragments that are randomly allocated to save to farmers. For additional protection, the encrypted fragments are copied repeatedly. The connecting server passes the data of the farmer to the verifier to transfer the coded fragment to it for storage in exchange for tokens in accordance with the smart contract.
For calculations as a result of transactions, users pay a commission depending on the load on the network. The cost of this commission is denoted in units called "gas".

Platform Advantages:
• Security and lower prices
• Tracked payment for mining
• Efficiency through smart contracts
• Great potential for development and expansion
• High protection of information from hacking and loss

Consensus Algorithm

The POSTT decentralized storage network can perform data storage and data transfer (downloading etc.) functions across two markets. The two markets are the data storage market and the data service market. A client and a miner determine the service price, form an ORDER in the market, and process each ORDER. This market is developed by POSTT, which includes both POS (Proof of Space) and POTT (Proof of Time and Transaction). Users will be able to store their data safely for any period of time they want. Finally, miners will support the blockchain by generating new blocks, and the opportunity for miners to earn rewards for exerting influence on the new blocks will be proportional to the storage space, time, and the number of transactions currently provided to the network.

Platform

Gain access to Module’s solutions, which enable, you to store and manage your data privately, securely, independently and quickly. Your data assets are stored at a blockchain address, which is fully controlled by you – the only person who can access them. Take advantage of our platform’s Secret Sharing concept. Rent space and start mining – it’s easy with Module. use blockchain for fast deployment of your own service, pay for data, data storage and transfer services. Use tokens to pay for system integrity and award miners, send payments to developers and contributors, support scientific labs and universities, create affiliate and loyalty systems etc.

Features

internal testing will start from October 2018. The beta version will be distributed to users in December, after the completion of testing. The official release in Google Play and App Store is scheduled for January.

one of the features of our project is that a token holder = MODL user. The beta version of the MODL application will be distributed to the users who purchased a MODL token during the ICO. The more activity on the application, the more value of MODL to be distributed. Influencers will be used to propagate the App and acquire users. Press releases will begin in the Asian region from August 2018.

Module App – Data storage service

MODULE is suitable for storage of sensitive information because its distributed storage keeps data in fragments in many different places. It can be used to store information that should be kept secret from others. In particular, by storing information in a distributed store like MODULE, one can enhance information security through “secret sharing”. In other words, if sensitive information is divided into fragmentary pieces of information and stored in separate places, information cannot be reproduced with only one fragment, but if several pieces are gathered, the information can be reproduced.
This Secret Sharing method will be used in blockchain, and to build secure cloud storage for the safe storage of sensitive information.

The technique for concealing documents recorded in blockchain through the management of secret sharing keys has already been developed. One obstacle to utilizing blockchain to handle sensitive information was the fact that information on blockchain must be disclosed to the entire community of users. However, by combining blockchain technology and secret sharing, one can expect higher security and convenience. In this way blockchain can be used in various fields such as finance, distribution, in the supply chain, official document management, etc.