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Module ICO (MODL Token): Blockchain Data Cloud Storage Network

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MODULE is a square based stage that is intended to utilize the free memory of cell phones, PCs, servers, and so on to utilize this memory by different members as capacity for information. Utilizing the MODULE stage, you can partake in the mining even from your cell phone. Servers and undertakings can likewise partake in the mining.

The module is a stage in light of a square chain, offering an advantage of free stockpiling of cell phones. The particular stage enables clients to utilize and rent unused GB even from little versatile gadgets, which implies that any cell phone proprietor can take an interest in the Module business and acquire.

MODULE is a square based stage intended to utilize free stockpiling of cell phones, PCs, servers, and so forth. As a benefit. Utilizing the MODULE stage, you can partake in mining, even from a cell phone. Servers and ventures can likewise partake in mining.

The calculation of accord (mining) of the module enables you to get pay because of the arrangement of rebate space. As the improvement and development of the limit of capacity gadgets can be normal that the different administrations will grow. Notwithstanding the arrival of new unique coins, clients will likewise have the capacity to create Dapps (decentralized applications) on the stage.


How Module Blockchain Data Cloud Storage Network Works

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.

Module App – Data stockpiling administration

MODULE is appropriate for capacity of touchy data since its dispersed stockpiling keeps information in pieces in a wide range of spots. It tends to be utilized to store data that ought to be kept mystery from others. Specifically, by putting away data in a conveyed store like MODULE, one can improve data security through "mystery sharing". As such, if delicate data is partitioned into fragmentary snippets of data and put away in independent spots, data can't be recreated with just a single section, yet in the event that few pieces are accumulated, the data can be repeated.

This Secret Sharing technique will be utilized in blockchain, and to fabricate secure distributed storage for the protected stockpiling of delicate data.

The procedure for covering reports recorded in blockchain through the administration of mystery sharing keys has just been created. One snag to using blockchain to deal with touchy data was the way that data on blockchain must be unveiled to the whole network of clients. Notwithstanding, by joining blockchain innovation and mystery sharing, one can expect higher security and accommodation. Along these lines blockchain can be utilized in different fields, for example, back, dissemination, in the inventory network, official record administration, and so forth.


Competitive Advantages of Module

1. Modules allow miners to set their own prices for their hosting services, which the company hopes will stimulate fair competition and allow users to only buy the storage capacity they need for their intended use.

2. All data stored on the Module platform is fully encrypted, keeping it protected from even colleagues whose devices are stored, but it is easily accessible even if the host device is offline because multiple copies are available.

3. Module is most viable alternatives proposed to the most widely used blockchain verification architecture, because the proof-of-work algorithm requires enormous power consumption, and the stock proof method is vulnerable to quiet centralization.

4. Platform algorithms are designed to offer truly decentralized systems that will not have problems operating on a large scale.

5. Already available Market: Unlike other projects that suffers survival after token sale, the Module project has an already available market.

6. Millions of clients will use the tokens for storing and transmitting data and the miners too will mine the coins used for data storage and services. This technology can carry out data storage and data transfer functions across the markets.


ICO and Token Information

The initial coin offering is ongoing, to purchase the token you need to use an ERC20 compatible wallet. MODL is a utility token in Module’s cryptographic economy as such will be the main element been used, where Module consumers can pay and producers can earn.

  • Token Symbol: MODL
  • Platform: Ethereum
  • Price: 1 MODL = 0.008 $
  • ICO: 06/21/2018–10/20/2018
  • SoftCap: $ 5,000,000
  • HardCap: $ 18,000,000

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For more information on the Module project, visit any of the following official Module links;
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