Module : Japanese Blockchain 4.0 based on Gadget and Cloud Storage Network
There is a new Japanese technology that can implement blockchain the easiest way ever. It try to use your unused smartphone data into usefull cash. Not only Module offers users the chance to earn cryptocurrency with their gadgets, Module platform also try to conquer the international crypto world with its pioneering mining and cloud sharing platform.
Module Innovative blockchain platform Module enables its users monetize unused storage on their smartphones and tablets, do smart contracts, develop apps and get paid. Module focused on mobile devices as a way to solve problems such as the power consumption concerns caused by cryptocurrencies and their centralization. By releasing the capacity of your device, you will be able to earn rewards, which will vary depending on the capacity of free storage, utilization time, space and transaction type. The platform also has great potential as a platform that can provide other distributed application services. 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.
Since the advent of cryptocurrency, Japan has been one of the industry’s staunchest proponents and early adopters of the nascent technology, which really comes as no surprise, as the sovereign island nation has always been globally regarded as the world leader in technology and innovation, birthing some of the largest international corporate conglomerates and best-known electronics companies in the world, such as Fuji, Sony, Fujitsu, Toshiba, Nintendo, Epson, Canon, Sharp, Hitachi, the list goes on. According to Japan’s Ministry of Communications, 94.7% of people there have a smartphone. The situation is similar in other developed countries. In developing countries, the percentage of smartphone users has dramatically increased and even reached 80.8% in many African countries, where the percentage of people walking around with a cell phone is the lowest.
Given the massive traction Bitcoin mining has been gaining around the world, it makes sense that Japan would be among the first to establish a firm like Module. Considering that the number of mobile subscribers has already surpassed the number of people on the planet, we would be remiss to not use the free memory of gadgets to earn money. What could be easier than renting out your unneeded megabytes and receiving cryptocurrency in return? This is just the opportunity that Module offers, and this solution could bring a huge number of new users who never even thought about the existence of digital currencies before to the cryptocurrency market. Assumes that the storage capacity of a typical smartphone is 32 GB. The usage rate of storage is 50%. If the data assumed to be correct, there is extra storage capacity of about 15 billion GB. Therefore using Module, phones and data that have not been used or were ‘sleeping’ can be turned into a real asset.
Module platform does away with the energy-intensive PoW (Proof-of-Work) algorithms that require specific hardware and upkeep and replaces them with their proprietary Proof of Space, Time, and Transaction (PoSTT) algorithm. Users are rewarded for the amount of space they share, the length of time the space is used, and the number of transactions checked. Virtually anyone with a smartphone will have the potential to be a crypto miner.
Module’s technology will allow anyone to take the unused storage space on their mobile devices and put it to use for mining the new MODL cryptocurrency. Module says they are effectively replacing the old Proof-of-Work (PoW) algorithm with their Proof of Space, Time, and Transaction (PoSTT) algorithm, which will be truly decentralized and available to anyone who wants to participate in crypto mining, regardless of their means. The company is also developing state-of-the-art P2P cloud-based data storage featuring client-side encryption. The Module system will be built like Ethereum, Stellar and EOS, so it will also enable users to develop Dapps (decentralized applications), as well as create new tokens. They are developing a secret sharing system for decentralized, split data encryption as well. The UX-friendly mobile app will also offer DAPP solutions and even give users the ability to create their own apps for the App and Android stores. The platform will offer an innovative new type of cloud-based data storage featuring client-side encryption and will have “secret sharing” capability, which is possible since sensitive information is encrypted and divided into fragmentary pieces of information that are then stored in a multitude of separate places on mobile devices.
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 company has already collected more than $2 million through a private sale of its coins. This is not surprising, as this platform has the potential to turn the cryptocurrency market on its head in several different ways: secure mining, storage of a large amount of data using gadgets around the world, and financing of blockchain through the creation and development of decentralized applications (DApps).
Compensation is determined based on three elements of storage: space, time, and transaction. Their Proof of Space, Time and Transaction protocol creates a decentralized storage network with its own coins provided by peer-to-peer cloud storage. Clients will use the tokens for storing and transmitting data, and miners will mine the coins used to rent storage space, and for other services. Users need to install the Module application on their device to be part of the system. Users then are asked to specify how much memory they are willing to rent out on the blockchain. Encrypted datablocks are then stored on the device. Users are paid in Module tokens. Potential customers are companies willing to put data on a decentralized and encrypted blockchain platform. Their data is stored cheaper than in traditional corporate cloud systems.
Module Token Ticker symbol is named MODL, it is a type of Utility Token. Current valuation is at 1 MODL euqal to USD 0.008. Its total emission at 15,000,000,000. Tokens for distribution is at 2,250,000,000. The Soft cap is at USD 5 Million and the Hard cap is at USD 18 Million. Module started its public pre-sale on 16 July 2018. The event ends on 31 July 2018. Pre-sale is already raised over USD 3.9 Million. Early contributors can get generous 7% bonus when purchasing minimum of 1 Module token. Participants of the Crowd sale, which is scheduled to take place from 1 August 2018 to 15 August 2018, are entitled to 2% bonus. For its ICO the project has reached an agreement with ICOBox, the largest provider of SaaS solutions for the launch and holding of initial coin offerings.
As more and more people get interested in blockchain and become familiar with this technology, the need on the market for projects that offer users simple funding solutions is gradually growing. Module was devised specifically to help people launch their businesses on blockchain using its convenient platform for creating decentralized applications (DApps), its high-speed and inexpensive set of solutions, and its honest and understandable mining. With the introduction of Module platform, virtually anyone with a mobile device will now be able to participate in the crypto economic system, as the platform rewards users for the size of space they opt to share, the amount of time the space is utilized, and the volume of transactions verified.
Combining blockchain technology and secret sharing, Module is able to deliver higher security and convenience on their P2P cloud storage system. Thanks to Module, the world of P2P cloud computing and storage may never look the same again. Purchasing tokens of the Module project is the easiest way to begin your journey into the world of blockchain, as these tokens are interesting not only to end consumers but also to market professionals.
Website: https://modltoken.io/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2104689
There is a new Japanese technology that can implement blockchain the easiest way ever. It try to use your unused smartphone data into usefull cash. Not only Module offers users the chance to earn cryptocurrency with their gadgets, Module platform also try to conquer the international crypto world with its pioneering mining and cloud sharing platform.
Module Innovative blockchain platform Module enables its users monetize unused storage on their smartphones and tablets, do smart contracts, develop apps and get paid. Module focused on mobile devices as a way to solve problems such as the power consumption concerns caused by cryptocurrencies and their centralization. By releasing the capacity of your device, you will be able to earn rewards, which will vary depending on the capacity of free storage, utilization time, space and transaction type. The platform also has great potential as a platform that can provide other distributed application services. 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.
Since the advent of cryptocurrency, Japan has been one of the industry’s staunchest proponents and early adopters of the nascent technology, which really comes as no surprise, as the sovereign island nation has always been globally regarded as the world leader in technology and innovation, birthing some of the largest international corporate conglomerates and best-known electronics companies in the world, such as Fuji, Sony, Fujitsu, Toshiba, Nintendo, Epson, Canon, Sharp, Hitachi, the list goes on. According to Japan’s Ministry of Communications, 94.7% of people there have a smartphone. The situation is similar in other developed countries. In developing countries, the percentage of smartphone users has dramatically increased and even reached 80.8% in many African countries, where the percentage of people walking around with a cell phone is the lowest.
Given the massive traction Bitcoin mining has been gaining around the world, it makes sense that Japan would be among the first to establish a firm like Module. Considering that the number of mobile subscribers has already surpassed the number of people on the planet, we would be remiss to not use the free memory of gadgets to earn money. What could be easier than renting out your unneeded megabytes and receiving cryptocurrency in return? This is just the opportunity that Module offers, and this solution could bring a huge number of new users who never even thought about the existence of digital currencies before to the cryptocurrency market. Assumes that the storage capacity of a typical smartphone is 32 GB. The usage rate of storage is 50%. If the data assumed to be correct, there is extra storage capacity of about 15 billion GB. Therefore using Module, phones and data that have not been used or were ‘sleeping’ can be turned into a real asset.
Module platform does away with the energy-intensive PoW (Proof-of-Work) algorithms that require specific hardware and upkeep and replaces them with their proprietary Proof of Space, Time, and Transaction (PoSTT) algorithm. Users are rewarded for the amount of space they share, the length of time the space is used, and the number of transactions checked. Virtually anyone with a smartphone will have the potential to be a crypto miner.
Module’s technology will allow anyone to take the unused storage space on their mobile devices and put it to use for mining the new MODL cryptocurrency. Module says they are effectively replacing the old Proof-of-Work (PoW) algorithm with their Proof of Space, Time, and Transaction (PoSTT) algorithm, which will be truly decentralized and available to anyone who wants to participate in crypto mining, regardless of their means. The company is also developing state-of-the-art P2P cloud-based data storage featuring client-side encryption. The Module system will be built like Ethereum, Stellar and EOS, so it will also enable users to develop Dapps (decentralized applications), as well as create new tokens. They are developing a secret sharing system for decentralized, split data encryption as well. The UX-friendly mobile app will also offer DAPP solutions and even give users the ability to create their own apps for the App and Android stores. The platform will offer an innovative new type of cloud-based data storage featuring client-side encryption and will have “secret sharing” capability, which is possible since sensitive information is encrypted and divided into fragmentary pieces of information that are then stored in a multitude of separate places on mobile devices.
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 company has already collected more than $2 million through a private sale of its coins. This is not surprising, as this platform has the potential to turn the cryptocurrency market on its head in several different ways: secure mining, storage of a large amount of data using gadgets around the world, and financing of blockchain through the creation and development of decentralized applications (DApps).
Compensation is determined based on three elements of storage: space, time, and transaction. Their Proof of Space, Time and Transaction protocol creates a decentralized storage network with its own coins provided by peer-to-peer cloud storage. Clients will use the tokens for storing and transmitting data, and miners will mine the coins used to rent storage space, and for other services. Users need to install the Module application on their device to be part of the system. Users then are asked to specify how much memory they are willing to rent out on the blockchain. Encrypted datablocks are then stored on the device. Users are paid in Module tokens. Potential customers are companies willing to put data on a decentralized and encrypted blockchain platform. Their data is stored cheaper than in traditional corporate cloud systems.
Module Token Ticker symbol is named MODL, it is a type of Utility Token. Current valuation is at 1 MODL euqal to USD 0.008. Its total emission at 15,000,000,000. Tokens for distribution is at 2,250,000,000. The Soft cap is at USD 5 Million and the Hard cap is at USD 18 Million. Module started its public pre-sale on 16 July 2018. The event ends on 31 July 2018. Pre-sale is already raised over USD 3.9 Million. Early contributors can get generous 7% bonus when purchasing minimum of 1 Module token. Participants of the Crowd sale, which is scheduled to take place from 1 August 2018 to 15 August 2018, are entitled to 2% bonus. For its ICO the project has reached an agreement with ICOBox, the largest provider of SaaS solutions for the launch and holding of initial coin offerings.
As more and more people get interested in blockchain and become familiar with this technology, the need on the market for projects that offer users simple funding solutions is gradually growing. Module was devised specifically to help people launch their businesses on blockchain using its convenient platform for creating decentralized applications (DApps), its high-speed and inexpensive set of solutions, and its honest and understandable mining. With the introduction of Module platform, virtually anyone with a mobile device will now be able to participate in the crypto economic system, as the platform rewards users for the size of space they opt to share, the amount of time the space is utilized, and the volume of transactions verified.
Combining blockchain technology and secret sharing, Module is able to deliver higher security and convenience on their P2P cloud storage system. Thanks to Module, the world of P2P cloud computing and storage may never look the same again. Purchasing tokens of the Module project is the easiest way to begin your journey into the world of blockchain, as these tokens are interesting not only to end consumers but also to market professionals.
Website: https://modltoken.io/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2104689
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