INTRODUCING THE CRYPTOCURRENCY SYSTEM.
Cryptocurrencies are presently attracting global views to themselves as a result of their vast potential, however, as much as they have great global views, there are still existing problems such as the consumption of power associated with POW (Proof of Work) as well as the centralization of point of sale (POS), different cryptocurrencies are always looking for ways to improve on their ode and system of operation, but so far, no fundamental solution has been gotten because the improved scheme has constantly remained in the conventional framework of the blockchain.
A person's influence over the crypto market is determined by the amount of cryptocurrency the individual has and this can contribute to inequality and widen the gap between the rich and the poor.
THE ESSENTIAL INGREDIENT OF A PLATFORM.
The platform for any service or project happens to be the most important part of that service or product.
A good platform should be made up of different sectors which should be useful for the development of every application that is distributed.
ANALYZING MODULE PLATFORM.
There is a new transaction approval algorithm that module has decided to employ, which allows every available individual to get involved in mining, the process can be carried out even on a mobile device. Users will have the ability to issue new currencies on the platform, they will also have the ability to create and develop DApps.
The team behind Module has discovered that there are some existing problems caused by cryptocurrencies and their centralization process, so as a means of solving this problem, they decided to focus on the use of mobile devices.
Module project has come with convenience, it has come to make mining an easy operation while minimizing the use of energy. Rewards will also be earned by the owners of the device and this is to compensate them for the release of the capacity of their device.
The rewards earned will be different depending on the available storage, the time used, the space and the type of transaction carried out. Module platform as well as have great and awesome potentials, it serves as a platform that has the ability to provide other application services.
THE DESCRIPTION OF THE FUTURE ACCORDING TO MODULE.
As much as there is a great rise in the popularity of cryptocurrency, there are very minute chances of getting them used in the real world.
The developer of Module has been able to devise a recent algorithm which will make it possible for compensation to be determined based on three storage elements and they are space, time and transaction. This will make it possible for users to be able to participate in the process of mining through the use of mobile devices which includes smartphones.
In the future imagined by Module, so many people who make use of smartphones even in underdeveloped countries will be able to mine and receive rewards even if the rewards received may be low at the beginning but it will go a long way in helping the countries that are underdeveloped.
MODULE AIMS TO MAKE USE OF EXCESSIVE STORAGE SPACE AVAILABLE ON DEVICES.
There was an assumption carried out on the mobile devices available and this storage was speculated, the mobile storage could be 32GB, the storage utilized could be 50% and the mobile devices used could be approximately 2 billion.
Module has made this guess and could be right with it, so they want to come into the picture and fill in the available vast storage, they as well have the aim of becoming a platform that is environmentally friendly.
ANALYZING THE TECHNOLOGICAL ASPECT OF THE CURRENT MINING SYSTEM.
The encryption of client-side has been made possible, which allows people to transmit and distribute data without relying on the storage capacity of a third party, has been made possible through PCSN (P2P Cloud Storage Network). An access model and independence has also been proposed on the system, as well as an ability to get nodes aggregated.
Massive storage space can be provided through clod storage and it happens to act in the same manner as the data storage and transmission verified by the third-party organizations.
THERE IS A UNIQUE MINING METHOD CALLED PoSTT.
The protocol of PoSTT creates a decentralized storage network that its own coins or tokens provided by the p2p system, the tokens will be used by clients for the process of storage and transmission of data, available miners will also be able to mine the coin.
The decentralized storage network of PoSTT can perform the storage and transfer of data across the functions of two markets.
The data of miners will get securely stored for a particular and safe period of time. Miners will as well be able to earn rewards for the exerting of influence on new blocks which will be made proportional to the space, the storage and the number of available transactions provided to the network on a current note.
THE BLOCKCHAIN MECHANISM OF PoSTT.
The available data security issues can get a solution if there is distribution and storage of user's data making use of a P2P method available on the blockchain.
THE NODES PARTICIPATING IN PoSTT BLOCKCHAIN.
The node requesting for the storage of data which is the verifier.
The node that provides the storage capacity, it is called the farmer.
The node that maintains the blockchain which is the miner.
THE OPERATIONAL PROCESS OF PoSTT.
Since PoSTT has its own coin, the verifier will pay for storing data making use of the coin while the farmer will receive it as a compensational means of providing the storage capacity to store data.
The verifier and the farmer will be able to perform safely the method of data processing and this is because the verifier and the farmer, conclude a smart contract which is related to the storing of each other's data.
The miner is the one who checks the content of the smart contract that is related to the transactions of the created coin as well as the generation of block.
The bridge which is the one that forms the connection between the farmer and the verifier. The bridge does not store the personal data of the verifier, it rather stores MetaData only.
THE DESCRIPTION OF MODULE APPLICATION.
The module application is convenient for the storage of important and sensitive information and this is because its distributed storage keeps data in fragment in various locations.
Module has been able to merge blockchain technology with secret sharing, this way there will be a provision of a higher level of convenience and security.
ANALYZING MODULE TOKEN (MODL).
The ticker symbol is MODL.
The token that will be used during the ICO is ERC-20.
The type used is the Utility token.
The total emission is 15,000,000,000 MODL.
The price of 1 token, 1 MODL will be 0.008 USD.
Soft cap should reach $5 000 000.
Hardcap should reach $18 000 000.
The total emission of token is 15,000,000,000 tokens.
The total token for distribution is 2,250,000,000 tokens.
DISTRIBUTION OF TOKENS.
40% is for development.
30% is for the team.
30% is for marketing.
ALLOCATION OF TOKENS.
15% will be for public sale.
15% will belong to advisors and team.
5% will be for private sale.
5% will be for the incentives of ICO.
60% will be for mining.
MARKETING STRATEGY OF MODULE.
The first phase is the MODL application, which is the development of the product.
The second phase is that the value of MODL PF to get tied to the number of downloads.
The release of MODL PF operation.
The expansion of the economic zone making use of the token economy.
CONCLUSION.
The goal of Module project is to be able to create the Module economic zone, which will make use of a publicly available blockchain to connect the world.
SOURCE
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Authored by: geeboy88
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