MODULE - Cryptoeconomic Ecosystem On A Could Storage Network

Due to their vast potential, cryptocurrencies are currently attracting global attention. There are still problems, however, such as the power consumption of PoW (Proof-of-Work) and centralization of PoS (Proof-of-Stake). Numerous cryptocurrencies are working on improvements on a daily basis. Nevertheless, to date no fundamental solution has been reached, as the improvements tend to remain inside the conventional framework of blockchain.

There is a paradox on the cryptocurrency market. Small groups of people with a huge amount of capital possess cryptocurrencies, which runs counter to the original idea of the virtual currencies ushering in an era of decentralization. As a result, blockchain today has become centralized, and may have squandered the opportunity to spearhead financial reform and lost its true value in the process. In this sense MODULE is about to implement true decentralization.

more cryptocurrency a person possesses, the more influence he/she can exert over the market, thus contributing to inequality and widening the gap between rich and poor. Miners who are able to invest heavily possess the necessary equipment, and monopolize profits. The MODULE platform will combine various parts and will be useful for developing distributed applications.

Review

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.

MODULE employs a new transaction approval algorithm. It is a new technology platform that enables everyone to participate in mining, even from a mobile device. In addition to building DApps, users will also have the ability to issue new currencies on the platform. The MODULE developers have devised a new algorithm. The team is developing a system under which compensation is determined based on three elements of storage: space-timetransaction. This will enable users to participate in mining from mobile devices such as smartphones.

In our future, not only people living in developed countries will have the opportunity to participate in mining. We hope to have many people holding smartphones in underdeveloped countries acting as miners and receiving rewards. For many people in developed countries, mining that brings in only one dollar a day may be meaningless, but we believe that this can drastically change the life of people in poorer countries.

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. We also propose an address access model and independence in this system, as well as the ability for the nodes to aggregate.

The POSTT protocol creates a decentralized storage network with its own coins (or tokens) provided by P2P. Clients will use the tokens for storing and transmitting data, and miners will mine the coins (tokens) used for data storage, services, etc. 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. The PoSTT blockchain was born from the idea to introduce blockchain technology to existing cloudbased servers. The existing client-server solution is plagued by problems of server management costs and hacker attacks. In a client-server solution, the user’s data are stored in the client’s server, and data may leak or be destroyed if the server is attacked. However, this data security problem can be resolved by distributing and storing the user’s data using the P2P method on blockchain. Besides, data can be stored at a lower cost.

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.

Token & Ico Info

MODL (Ethereum ERC-20 token) is a utility token in Module's cryptographic economy, where Module consumers can pay and producers can earn.

Token detail :

Ticker symbol	MODL
Token during ICO	ERC-20
Type	Utility token
Total emission	15,000,000,000MODL
Price per 1 token	1MODL = 0.008 USD
Softcap	$ 5 000 000
Hardcap	$ 18 000 000
Total emission	15,000,000,000
tokens For distribution	2,250,000,000 tokens