Module is the Blockchain based platform that is developed for utilizing the free storage of PC, smart mobile phone, server etc in form of assets. Using this Blockchain technology platform, one will be easily able to take part in mining even through the smart mobile phones. The organization and servers can also take part in the mining. The module mining/consensus algorithm is making it easier for one earning rewards by lending out storage space.
As the capacity of storage of the device is expanding and progressing, an individual could expect services that are offered for expanding. The module is employing a new algorithm of transaction approvals. It’s the new platform that is letting all to take part in mining through mobile phones.
The developers of this platform are focusing on a mobile phone as a medium for solving issues. It is like concerns of power consumption that is caused by the cryptocurrency and its centralizations.
Overview-
The peer 2 peer cloud storage networks had made client-side encryption easier and allow users in transmitting and sharing the information without depending upon another party storage space. However, the central control elimination could bring problems like power cuts, data errors, along with significantly increasing the data control, security, and privacy. Earlier, for developing the storage system, P2P network wasn’t suitable. With the help of this system, we are solving all inherent issues like executing direct payment. This will let data authentically on daily basis to be verified and compensation to be paid for storage of data in PEER. Also, an address access model is proposed and independence in the system and ability for nodes for aggregating.
Module- Token-
The ticker symbol is MODL and token during ICO is ERC 20. The type of token is utility token and total emission is about 15,000,000,000 MODL and 2,250,000,000 are distributor’s tokens. The price for per token 1MODL is 0.008 USD. The soft cap and hard cap is $ 5,000,000 and $ 18,000,000 respectively. The allocation of the token is 60% mining, 15% public sale, 5% ICO incentive, 15% team and advisor and 5% private presale.
Module App-
The module is reliable for sensitive data storage as the distributed storage is keeping data in fragment in several places. It can be utilized for storing data that need to be kept hidden from others. By storing the data in a Module that is a distributed store, an individual can enhance the data security via secret sharing. If the data is divided into fragmented pieces of information and is stored at various places, the information can’t be reproduced with the single fragment. If many pieces have gathered, the data can be reproduced. This method of secret sharing can be used in Blockchain and for developing the secure cloud storage for the sensitive data safely.
The method for key concealing document is recorded in Blockchain by the management of secret sharing key is developed already. A problem to use the Blockchain for handling sensitive data was the fact that the data on Blockchain needs to be disclosed to the user’s community entirely. By combining secret sharing and Blockchain technology, a person can expect greater conveniences and security. In such a way, Blockchain can be utilized in different areas like supply chain, finance etc.
Website Link: https://modltoken.io
Telegram Link : https://t.me/module_project
Whitepaper Link : https://modltoken.io/doc/whitepaper_en.pdf
Facebook Link: https://www.facebook.com/moduleproject
Twitter Link : https://twitter.com/MODULE_Project
My Bitcointalk Username: annariley
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2188068