The company's innovative software hopes to address issues intrinsical in subsisting blockchain accommodations-extortionate power consumption and tacit centralization-by providing even low-hardware users with part of the blockchain as a component of a cloud system. The company additionally publishes its own cryptocurrency, the MODL token, needed to access its platform.
Who is abaft the module?
Module is the work of a mid-sized team in Japan; His six executives manage a team of nine engineers, and the team has decades of software development and management experience.
Albeit the company is present on the most popular gregarious media sites, it has not reached an astronomically immense audience yet. The Facebook, Twitter and Telegram pages have fewer than 100 adherents. The company has additionally received no press from websites other than those accumulating information about upcoming ICOs.
However, at the time of inditing, the company is less than a month old, so it will probably get more attention when its ICO approaches and its platform nears completion.
How Module Blockchain Data Cloud Storage Network Works
The main product of the module is a blockchain-predicated data storage platform that sanctions anyone to act as a "miner" (data host) with his computer's free recollection. The system is not obligatorily aimed at end users, but rather at software developers who can manage the back end for a variety of applications.
In their white paper, Modules estimates that billions of gigabytes of data on smartphones and other contrivances around the world go unutilized. While most blockchain accommodations rely on very potent computers to check transactions and store data, Module suggests instead that all this unutilized recollection should be utilized.
All data stored on the platform of the module is plenarily encrypted so that it is forfended from the peer on whose contrivance it is stored, but withal when the contrivance of the host is offline because there are multiple copies.
The developers of the platform state that they are one of the most viable alternatives to the most widely used blockchain verification architectures, as proof-of-work algorithms require immense power consumption and proof-of-stake methods incline to tacit centralization.
The platform's algorithms are designed to provide an authentically decentralized system that will work well in the future as the hardware requisites of computer recollections and programs perpetuate to grow.
The module enables its miners to set their own hosting accommodation prices, which the company hopes will stimulate salubrious competition and sanction users to buy only the storage capacity they require for their intended use. Access to the accommodation requires payment in MODL tokens, which are habituated to compensate the host users for servicing the accommodation.
The development of the module platform commenced in May 2018, albeit the company's roadmap shows that a beta release will not be relinquished until the cessation of the year. The company hopes to relinquish a convenient smartphone app on Google Play and the App Store in early 2019.
Module MODL Token ICO Details
Module MODL is an Ethereum ERC-20 compatible toke. Private pre-sale runs from June 15 through July 31, 2018. All public ICO sales commence immediately thereafter and run until August 15. During the crowdsale, a MODL token will cost you $ 0.008, even though pre-sale customers receive a 7% discount. The MODL Token Soft Cap is 5M and the Hard Cap is 30M.
fund distribution
Module Rating
Module platform offers a fascinating option for blockchain-predicated applications; Most programs that utilize this technology depend on a relatively diminutive community of users who utilize puissant hardware, and ultimately do not achieve the decentralization they injuctively authorize. Programmers fascinated with decentralized application development should consider Modul's platform after its release, as long as it magnetizes enough hosts to run smoothly.
About Us:
The official website: https://modltoken.io/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
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