MODULE: A DECENTRALIZED STORAGE NETWORK ON BLOCKCHAIN 4.0 TECHNOLOGY

Hello ladies and gentlemen, welcome once again to my review on a project I found to be trending, with outstanding features and a mission to leverage blockchain technology in SmartPhone usage, Module project will provide a 21st century solution to the numerous challenges lingering in Crypto mining and data storage through the use of SmartPhones. Permit me to introduce you to Module.

ABOUT MODULE

According to the WhitePaper 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 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.

COMPETITIVE ADVANTAGES OF MODULE

1. Modules allow miners to set their own prices for their hosting services, which the company hopes will stimulate fair competition and allow users to only buy the storage capacity they need for their intended use. 

2. All data stored on the Module platform is fully encrypted, keeping it protected from even colleagues whose devices are stored, but it is easily accessible even if the host device is offline because multiple copies are available.

3. Module is most viable alternatives proposed to the most widely used blockchain verification architecture, because the proof-of-work algorithm requires enormous power consumption, and the stock proof method is vulnerable to quiet centralization.

4. Platform algorithms are designed to offer truly decentralized systems that will not have problems operating on a large scale.

5. Already available Market: Unlike other projects that suffers survival after token sale, the Module project has an already available market.

6. 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.

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.

KEY ACTORS OF THE PLATFORM

1. A verifier is a node that needs a place to store its information, in other words, a client.

2. A farmer is a node that provides free memory to host data and earns it coins.

3. Miner is 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 block system 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.

ICO & TOKEN INFORMATION

The initial coin offering is ongoing, to purchase the token you need to use an ERC20 compatible wallet.

MODL is a utility token in Module's cryptographic economy as such will be the main element been used, where Module consumers can pay and producers can earn.

Token Symbol: MODL

Platform: Ethereum

Price: 1 MODL = 0.008 $

ICO: 06/21/2018–10/20/2018

SoftCap: $ 5,000,000

HardCap: $ 18,000,000

CONCLUSION

Even though there may be other project that focus on incorporation of Smartphone into Crypto mining and data storage, Module seems to be the best for the fact that the team are well experienced 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.

Kindly visit the links below for more information about this amazing project

Website: https://modltoken.io/

White Paper: https://modltoken.io/doc/whitepaper_en.pdf

Facebook: https://web.facebook.com/moduleproject/?_rdc=1&_rdr

Telegram: https://t.me/module_project

Writer's Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2007250

Bitcointalk Username: Elachious