Module

August 20, 2018

What is Module?

MODULE is a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, etc. as an asset. Using the MODULE platform, one will be able to participate in mining even from a smartphone. Servers and enterprises can also participate in mining.

Module’s consensus (mining) algorithm makes it possible to earn rewards by lending out storage space. As the storage capacity of devices progresses and expands, one can expect the various services offered to expand. In addition to issuing new original coins, users will also be able to develop Dapps (decentralized applications) on the platform.

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.

Due to their vast potential, cryptocurrencies are currently attracting global attention. There are still problems, however, such as the power consumption of PoW (Proof-of-Work) and centralization of PoS (Proof-of-Stake). Numerous cryptocurrencies are working on improvements on a daily basis. Nevertheless, to date no fundamental solution has been reached, as the improvements tend to remain inside the conventional framework of blockchain.

About platform

Platform is a basic part of products and services. For example, home video game consoles or portable game consoles are the platform. Game software which can enjoyed on the consoles is a service.

Game types differ depending on the type of a console. A platform is usually a “basis”, specializing in a certain genre.

The MODULE platform will combine various parts and will be useful for developing distributed applications.

The Future According to MODULE

Although the popularity of cryptocurrencies hasrisen, there are still very few chances to use them in real life. Bitcoins can be used at some shops, etc., but the required infrastructure is still under development. We want to bring cryptocurrencies into the mainstream.

The MODULE developers have devised a new algorithm. The team is developing a system under which compensation is determined based on three elements of torage: space-timetransaction. This will enable users to participate in mining from mobile devices such as smartphones.

In our future, not only people living in developed countries will have the opportunity to participate in mining. We hope to have many people holding smartphones in underdeveloped countries acting as miners and receiving rewards. For many people in developed countries, mining that brings in only one dollar a day may be meaningless, but we believe that this can drastically change the life of people in poorer countries.

Overview

The PCSN (P2P Cloud Storage Network), which made client-side encryption possible, enables a user to transmit and share data without having to rely on a third party’s storage space. The elimination of central control can alleviate problems such as traditional data errors and power cuts, while significantly increasing security, privacy and data control. Earlier, the P2P network was not suited for building a storage system. With this system we solve the inherent problems by implementing direct payment (Suggested solution) — (Method similar to the response verification system). This will enable data authenticity to be checked on a regular basis, and compensation to be paid for the data stored in PEER. We also propose an address access model and independence in this system, as well as the ability for the nodes to aggregate.

Token – MODL