Blockchain has opened our mind to a world of limitless possibilities, and as such ‘‘MODULE’’ wants to use the free storage of smartphones, PCs, servers for cryptocurrency mining. This will enable owners of various electronic gadgets for profitability beyond their primary usage.
The cryptocurrency market major gainers are few individuals with huge investment, this has defeated the primary ideology as well as decentralization of the financial ecosystem. Miners with powerful machines are in full control of the cryptocurrency market thereby creating a large space between the wealthy and poor masses. MODULE want to close the gap by making cryptocurrency mining everyone’s business through proper decentralization.
INSIGHT ON MODULE PLATFORM
The platform is an embodiment of mobile electronic devices. The platform is the first of its kind, as it deploys transactions approval algorithm. The Module platform will work as such that free storage space of your everyday devices like smartphones and tablets, will be relegated to mining which will enable you to earn cryptocurrencies according to storage space, utilization time, and the type of transactions executed.
Let’s assume that there are 32 GB mobile storage, with 50% storage utilisation and approximately 1.5 billion number of mobile devices. This will give us 16 GB multiplied by 1.5 billion, which will result in 24 billion. This implies that there is 24 billion unused storage resourced on earth. MODULE platform is thus environmental friendly by reducing environmental pollution of cryptocurrencies mining and also sustainable utilising available resources (storage space), to reduce poverty, hereby implementing parts of United Nations sustainable development goals.
NEW WAY OF MINING PROPOSED BY MODULE
The proposed method is called ‘Proof of Space, Time and Transaction (PoSTT). POSTT will make available a decentralized storage circuit via MODL token that will be available through peer 2 peer. Two markets (data storage market and the data service market) will be established on the MODULE platform. Clients and miners are the determinants of activities.
PoSTT blockchain is a secure ecosystem that will distribute and store by P2P among users. The PoSTT blockchain creates a cloud of nodes (verifier, farmer, miner) with a bridge server established at the center of the nodes in order to regulate the transactions and ensure full compliance.
- The Verifier is the intermediary of data and storage in P2P network
- The farmer is the client who provides the storage space
- The bridge server is the regulator and assigner of the various transaction.
- The blockchain executes and confirms the smart contract.
DEMONSTRATION OF THE CORE ACTIVITIES
The verifier converts the data to codes of various sizes. Then as of a farmers details from the bridge, while a farmer create a smart contract to have token address.
To download data, the verifier get data from the info gotten from the size of data received from the bridge. Coins are paid during data downloads.
In the present PoSTT blockchain, 10¹⁵ wei equals to 1 coin.
1 gwei is 10⁹ wei.
By January 2019, MODL App will be available in Google Play and App Store.
MODULE TOKEN SALE
Ticker symbol: MODL
Token during ICO: ERC-20
Type: Utility token
Total emission: 15,000,000,000MODL
Price per 1 token: 1MODL = 0.008 USD
Softcap: $5 000 000
Hardcap: $18 000 000
Total emission: 15,000,000,000 tokens
For distribution: 2,250,000,000 tokens
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In conclusion, MODULE project is a well-nurtured vision that is backed by a team of professionals with a strictly followed project roadmap. And it will help engender blockchain technology in the world and eradicate poverty through MODL App. by enabling most mobile phone users to download and mine cryptocurrency at ease. MODULE platform will provide the best prices for mining, executable biding, fast and secured transactions, availability of data storage spaces and a quality return on investment for all stakeholders.
For more information on this project, visit the following links:
Website: https://modltoken.io
White Paper: https://modltoken.io/doc/whitepaper_en.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4566364.msg42496808#msg42496808
Twitter: https://twitter.com/MODULE_Project
Facebook: https://www.facebook.com/moduleproject/
Author: hendra777