MODULE ICO PREVIEW

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What is a Module?
MODULE utilizes another exchange endorsement calculation. It is another technology platform that empowers everybody to take part in mining, even from a cell phone. Notwithstanding building DApps, clients will likewise be able to issue new monetary standards on the platform.

They concentrated on cell phones as an approach to take care of issues, for example, the power utilization concerns caused by cryptographic forms of money and their centralization. The Module project reports the eventual fate of mining with such vitality productive and simple to use devices, for example, smartphones and tablets. By discharging the limit of your devices, you will have the capacity to earn rewards, which will fluctuate contingent upon the limit of free storage, use time, space and exchange compose. At the end of the day, loaning of storage room will make you qualified for compensation. The platform additionally has extraordinary potential as a platform that can give other disseminated application administrations.

How does it work?

The users download the Module application and join the network as Farmer, Verifier of Miner. Verifier encrypts his information with the assistance of one of the most resistant cryptography types, ECC (Elliptic-curve cryptography). After encryption, the information is divided into parts. And each part is copied and placed to different Farmer storage Thus encryption and separate allocation guarantees the high protection level and several copies exclude information loss. PoSTT protocol enables the payment transactions from Verifier to Farmer and Miner gets payment for performed verification called gas.

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.

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.

Problem:

Each cryptocurrency out there uses one or the other mining procedure. Some require heavy initial investments on specialized mining equipment while others require enormous amount of electricity for successfully verifying and mining the coins. The need of the moment is a solution that is scalable, economically and environmentally viable. This should be simple enough so that the masses can adopt it easily without any problem.

Solution:

The Module token project aims to revolutionize the cryptocurrency market with a state of the art and unique breakthrough for the cryptocurrency mining industry. The project aims to utilize the vacant spaces and power of devices that are not being used to their full potential currently. This includes all possible electronic devices -- starting from a simple smartphone to desktops and even mainframe computers. This will revolutionize the entire cryptocurrency mining industry forever and will push cryptocurrencies for mainstream adoption. This will also pave the path for mainstream financial agencies to enter the cryptocurrency marketplace.

Key Features of Module

According to statistics, more than 2 billion smartphones are actively used in the modern world. The memory capacity of this device is about 32 GB and, in most cases, even half of this size is not used. Modul platform offers smartphone owners to make good money by leasing unnecessary amounts of GB, and entrepreneurs - to use a reliable source of information for reasonable money. The project is based on 4.0 version of blockchain technology, which provides reliable data storage and high speed.