Module platform is designed to utilize free spare storage of devices like mobile phones, computers, laptops, tablets etc. Servers, enterprises and even Smartphone users will also be able to earn rewards through Module platform mining system. Their mining consensus system makes it easy for everyone to start earning reward by lending out their system free storage space to Module platform. As their platform grows, they will allow users to create dapps on their platform.
Today crypto currencies are very hot topics and big channels like CNN covered it but still it has a lot of issues. High power consumption so called proof of work and centralized system so called proof of stake is not a true nature of decentralized network. In proof of work system miners have to buy costly devices that they cannot able to afford and in proof of stake system only big joint companies get only good profit. To counter these problems Module is going to create an ecosystem that will be fully decentralized in terms of mining system.
According to current estimate a total of 32 GB storage will remain lost which is world total 50% storage. To monetize this storage Module has create a new type of mining model in which everyone be able to earn rewards through their mobile phones, PC and other storage devices. They are solving problem related to power consumption in mining system and creating a power efficient mining system. Mining reward will depend on the user storage capacity, time and transaction type. The problem also has great potential in terms of providing developers a system to create dapps.Their mining is not available to developed countries but also under developed countries poor people will also get benefit from their platform.
Module Peer to peer cloud network will make it possible to transmit and receive data without relying on third party services like Amazon etc. The decentralized cloud network will solve many problems from power cuts to data errors while giving security and data control back to its real owner. For solving cloud storage inherent problems they will use data verification method through data will be monitored. Today cloud storage mostly used for storing large amount of data and their data security is verified by third party networks. Due to malware attacks a certain amount of data leaked and also creates danger of affecting all files in the network. Decentralized cloud network has a lot of advantages over centralized network where data reliability is maintained through data decryption that is highly resistant to data changes.
Module mining system will provide mainly two types of functions; one is data storage and second is data transfer function. A client and miner will decide price of each order and fill up each order. Their proof of space and proof of time and transaction model will enable users to store their data safely. The peoples who support their network and generate new blocks will get rewards based on no of transactions, time and storage capacity provided to the network. POSTT is a client server solution and if hackers attacks on server then client data will be destroyed and this problem will be solved by storing data in a peer to peer manner and at a low cost.
Token Detail:
Token Symbol : MODL
Total Supply: 15 Billion
Token Type: ERC20
Token Price: 0.008$
Team
Website : https://modltoken.io/
Whitepaper : https://modltoken.io/doc/whitepaper_en.pdf
MY Bitcoin-talk Profile link : https://bitcointalk.org/index.php?action=profile;u=2296382
