The module augments a platform that permits the user to reserve space on their computers or other means, including smartphones and other gadgets, that can be employing as a constituent of a blockchain for any assert of data and information storage. The company’s modern software anticipates tackling issue inherently in deputing blockchain accommodations. The expensive power consumption and method centralization provide low hardware with the part of the blockchain system as a substitute of the cloud system. Additionally company publishes its own cryptocurrency MODL token, useful for accessing this platform.
Behind the module platform
The module is the work of an intermediate team in Japan, the team of six executives manages the team of nine engineers, the team members have decades of software management and development experience. Although in the present time this company is most popular in social media sites, it reaches astronomical colossal spectators, facebook, telegram and Twitter has more than 100 devotees. As well as the company has receives press from websites, including that collect information about upcoming ICO tokens. At the time of starting, the platform is less than month old, so probably get more consideration when its ICO approach and its platform near achievement.
How does module blockchain data storage platform work?
The main merchandise of module is a blockchain base data storage platform, sanctions anyone to act as data host with cloud base system. The system not necessitates intended to end of users, but instead developers who control the back ends for the different application of this platform. The module guesstimate that billion gigabyte data of smartphone and other gadgets utilized around the world. Whereas other blockchain lodgings rely on very powerful computers to check data storage and transactions, modules propose instead of all this unutilized space can be consumed.
The data store on the platform is absolute encrypted so that it is for fended from the gaze, whose device data. In addition, the apparatus of the host is offline because of multiple copies.
The developers state that they are one of the most feasible substitutes for the wide blockchain authentication architectures. The proof of work algorithms needs enormous power consumption and proof of stake methods to approach centralization. The algorithms aim to provide a verified decentralized system, that fine in the future, the hardware is essential for computer recollection and programs continue to develop.
Miner is able to set their own hosting accommodation prices, module hopes user stimulate sanction and competition user to buy only the storage capacity to require for mean purposes. Accessing of accommodation needs payment methods in MODL tokens, which are adapted to recompense host user for access accommodations.
The module platform is developed in May 2018. Although the company roadmap shows beta release not be renounce until the end of the year. The company soon relinquishes a compatible smartphone app on the app store and Google play store early. It offers a fascinating option for blockchain support application, most of the programs use this technology depend on the storage capacity.
Official links for more details,
Website Link: https://modltoken.io
Whitepaper Link : https://modltoken.io/doc/whitepaper_en.pdf
Telegram Link : https://t.me/module_project
Facebook Link: https://www.facebook.com/moduleproject
Twitter Link : https://twitter.com/MODULE_Project
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1434888