Market.space is building data storage solutions. It is not only providing you with data storage solutions but also it provides you with storage solutions as well. The main unique selling point of this service is that it will provide you with hosting solutions and data storage solutions at a very affordable cost. As a result, you will be able to easily host your website quite easily.Market Space was founded by Alexander Rakhmanov, a native of Estonia, in October 2017. He previously spent more than five years as the CEO of RapidGator.net, a site that helps users share files safely and securely. Eugene Parafiynyk is serving as Market Space’s Senior Blockchain Developer. He has worked previously as an iOS developer, Ethereum Blockchain developer, and a web designer
Since it will be done over a distributed platform, you can be sure that any lag in a couple of servers will not impact your website. At the same point in time, scalability can be easily achieved. When scalability can be easily achieved, you can be sure that any extra load/traffic on your website will not impact your website negatively. The uptime of the website will be perfect as well.
On the other hand, since the data is distributed, it will become easier for you to secure your data as well. This will ensure that even during the hacking attempts, your website is working perfectly fine.
Apart from the low charges of data storage as well as hosting, the transaction fees will also be on the lower side. As the transaction fees on the lower side, you can be sure that you will be able to save a significant amount of money when you’re buying hosting from this platform. Also, with the help of smart contracts proper execution of transactions can be done as well. Currently, the company is launching an ICO.
On the various other hand, given that the information is dispersed, it will certainly become less complicated for you to secure your data too. This will certainly guarantee that also during the hacking attempts, your website is working perfectly fine.
In addition to the low charges of information storage in addition to hosting, the purchase fees will additionally get on the lower side. As the purchase charges on the reduced side, you can be certain that you will certainly be able to conserve a substantial quantity of cash when you're acquiring organizing from this system. Additionally, with the assistance of clever contracts appropriate execution of transactions can be done also. Presently, the company is introducing an ICO.
Limitations of Blockchain based and Cloud Based Modern Data Storage Systems
Cloud based modern data storage systems have the following limitations –
This system is vulnerable to security threats. As the storage of data in unencrypted, there are high risks of data leakage, account hacks and theft.
This system is also vulnerable to disclosure of data to third parties.
Data accessibility is pricey as most system require a fee to transfer data a mode with regular access from cold storage.
Pricing structure of this system is inflexible. Usually the pricing is bundled with fixed storage volumes.
Though blockchain storage over comes the security issues faced with cloud based system Blockchain based Storage services come with following limitations –
In this system, sometimes, data becomes inaccessible when it is required.
The data access speed is low compared to other system.
Devices used by consumers are highly vulnerable to corruption.
Market Space has cited several issues with the data storage systems currently in use. For instance, centralized storage services like the cloud are vulnerable to hacks and theft. There are also inconsistencies when it comes to the cost of certain services.
Meanwhile, decentralized storage systems may help limit security issues, but the data isn’t always easily accessible upon request. Also, consumer devices can be susceptible to corruption.
Market Space believes it has the potential to address these issues by combining blockchain technology with professional hosting providers. Essentially, Market Space serves as a host aggregator so that only the owner and recipient can access files in a way that’s secure, affordable, and reliable.
The Market Space website has outlined the following 8-step process:
The contractors make an insurance deposit.
The customer sends a storage request with details such as the file size and storage period.
Several hosts respond with offers.
A list of the best offers is created.
The customer can choose one or more hosts and makes payment.
The host accepts the payment and sends the customer a URL to upload the file.
The customer uploads the file, which is encrypted with the private key and sent to the server of the host chosen by the customer.
Either the customer or a third party the customer grants access to the file can download the file using the key.
Features of Market.Space
Reliability
As the system uses decentralization, it ensures a high fault tolerance. This is particularly useful in case of vulnerability to DDoS attacks.
The system uses guarantees contractors’ liability with insurance deposit.
A metrics objective based rating system lets the contractors to fulfill their commitments while giving choice of contractors.
The system involves storage of data that are delegated to experience hosting providers.
Anonymity
The system ensures non-disclosure of identity of the participants as there is no centralization involved.
The system has been devised and designed as a zero knowledge system.
Each link in the system stands for an encrypted part of the file. The system is temporary as only the uploader and downloader can access the files.
Affordable
There is no fixed pricing system imposed. As it works as a market place, the pricing is affordable.
A customer does not have to pay a flat amount. Payment is only for the time and storage actually used.
The system can work with unlimited number of participants. Thus, it is a marketplace working on the offer and request system. As there are no analogous services involved, the services are highly affordable.
Autonomy
The system is independent from any international or local regulations and legal norms that are associated with data transmission and storage.
Security
The system works on a distributed ledger system.
Encryption is done at all stages. The system uses proxy or a chain of proxies.
The data transmission of participants involved is remunerated.
It involves encryption of files is done in two parts, thus guaranteeing data security.
Environment Friendly
Use of professional hosting providers instead of consumer devices makes data transmission energy efficient.
Presence of professional equipment gives an efficient ratio of power consumed to volume of data stored. The overall emission of CO2emission is reduced globally.
It also makes the entire operation cost effective.
Day of ICO: 16-04-2018 to 27-04-2018
Token phrase: MASP
Cost of token: 1 MASP = US$ 0.35
Incentive schedule: yes
Platform: Ethereum
Money approved: ETH, BTC, BCC, LTC, BTC, Fiat currency
Minimum investment: US$ 35
Soft cap: US$ 15 million
Tough cap: US$ 50 million
Roadmap
Q1, 2018: ICO
Q2, 2018: Expanding the Team, Blockchain platform and smart contracts
Q3, 2018: Legal & Economics
Q4, 2018: Basic version of customer software
Q1, 2019: Test launch
Q2, 2019: Debugging
Q3, 2019: Launch
Q4, 2019: Further promotion and expansion
Q1, 2020: Customer software for mobile platforms (Android, iOS)
Team
For More Details About Market Space ICO:
Official Website: https://market.space
Whitepaper: https://market.space/doc/Market.space_White_Paper_v1.1_en.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2961359
Telegram: https://t.me/Market_space
Twitter: https://twitter.com/Market_space_
Link bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1611160