MODULE employs a new transaction approval algorithm. It is a new technology platform that enables everyone to participate in mining, even from a mobile device. In addition to building DApps, users will also have the ability to issue new currencies on the platform.
Features
MODULE is a blockchain-based platform designed to facilitate usage of free storage space of smartphones, PCs, etc. as an asset. The developers claim that their platform will allow anyone to mine coins from their mobile phones. MODULE consensus algorithm is supposed to enable users to lend out storage space and earn rewards. Users will be able to issue new coins and develop Dapps on the platform.
The team is issuing an ERC20 MODULE token (MODL), which will be used as a utility token on the platform. The team will distribute the beta version among token holders who purchased MODL during the ICO.
Module's primary product is a blockchain-based data storage platform that allows anyone to act as a “miner” (data host) using their computer’s spare memory. The system isn't necessarily aimed at end users, but rather at software developers who could use it to handle the back-end for a wide variety of applications.
In their whitepaper, Module estimates that there are easily billions gigabytes going unused on smartphones and other devices throughout the world; while most blockchain services depend on very powerful computers to verify transactions and store data, Module instead suggests that all this unused memory should be harnessed.
All data stored on Module's platform is fully encrypted, keeping it protected from even the peer whose device it is saved on, yet it is readily accessible even if the host's device is offline because multiple copies exist.
The platform's developers state that theirs is one of the most viable alternatives proposed to the most widely used blockchain verification architectures, since proof-of-work algorithms require immense power consumption, and proof-of-stake methods are prone to tacit centralization.
The platform’s algorithms are designed to offer a truly decentralized system that will have no problem operating at a large scale, even in the future as computers' memories and programs' hardware requirements continue to grow.
Module allows its miners to set their own prices for their hosting service, which the company hopes will stimulate healthy competition and allow users to purchase only the storage capacity that they need for their intended use. Accessing the service will require payment in MODL tokens, which are used to compensate the host users for maintaining the service.
Development on the Module platform began in May 2018, though the company's roadmap indicates that a beta version won't be released until the end of the year. The company hopes to release a convenient smartphone app through Google Play and the App Store in the beginning of 2019.
Token Info Details
Token : MODL
Price : 1 MODL = 0.008 USD
Product : Type Platform
MVP : Only design
KYC : No
Whitelist: No
For more information
website : https://modltoken.io/
facebook : https://www.facebook.com/moduleproject/
linkedin : https://www.linkedin.com/company/module-project/
telegram : https://t.me/module_project
twitter : https://twitter.com/MODULE_Project
Bitcointalk username: norainlys
Bitcointalk link profile : https://bitcointalk.org/index.php?action=profile;u=1926161;sa=summary