Introduction
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.
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.
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.
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 act ing 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.
About Storage Surplus
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 signifcantly 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 verifcation 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.
Overview of the PoSTT Proof of Space, Time and Transaction) protocol
The POSTT protocol creates a decentralized storage network with its own coins (or tokens) provid ed by P2P. Clients will use the tokens for storing and transmitting data, and miners will mine the coins (to kens) used for data storage, services, etc.
Consensus Algorithm
The POSTT decentralized storage network can perform data storage and data transfer (downloading etc.) functions across two markets. The two markets are the data storage market and the data service market. A client and a miner determine the service price, form an ORDER in the market, and process each ORDER. This market is developed by POSTT, which includes both POS (Proof of Space) and POTT (Proof of Time and Transaction). Users will be able to store their data safely for any period of time they want. Finally, miners will support the blockchain by generating new blocks, and the opportunity for miners to earn rewards for exerting influence on the new blocks will be proportional to the storage space, time, and the number of transactions currently provided to the network.
1. About the PoSTT block chain mechanism
The PoSTT blockchain was born from the idea to introduce blockchain technology to existing cloud based servers. The existing client-server solution is plagued by problems of server management costs and hacker attacks. In a client-server solution, the user’s data are stored in the client’s serv er, and data may leak or be destroyed if the server is attacked. However, this data security prob lem can be resolved by distributing and storing the user’s data using the P2P method on block chain. Besides, data can be stored at a lower cost
2. Reward system in PoSTT and the process of uploading/ downloading data
The reward system in the PoSTT blockchain is as follows. In the PoSTT blockchain, the reward is proportional to the size of the data, the time for which the data is stored in the node (Farmer) that provided the storage, and the volume of transactions.
3. About Gas and the PoSTT fee
All transactions and smart contracts processed in the PoSTT blockchain can be seen as scripts. For example, looking at a simple transaction, transactions can be seen as a combination of opcodes. The meaning of the opcode is the minimum unit constituting the script of the transaction. As an example, when we see the instruction “Push PublicKey”, it is a simple command to enter the PublicKey to the stack.
In this case, the transaction, being a combination of instructions as seen above, can issue the ver ifcation code of the transaction as a script. This script is executed by the virtual engine on block chain, and can confrm the accuracy of the transaction as the execution result of the script.
In other words, Gas can be seen as the cost of processing the opcode, which is the smallest execution unit constituting the script.
MODULE App
“Founding” model
FEATURES
MODLAPP PRODUCT DEVELOPMENT
Internal testing will start from October 2018. The beta version will be distributed to users in December, after the completion of testing. The official release in Google Play and App Store is scheduled for January.
THE VALUE OF THE MODULE PLATFORM IS PROPORTIONAL TO THE NUMBER OF DL (USERS)
One of the features of our project is that a token holder = MODL user. The beta version of the MODL application will be distributed to the users who purchased a MODL token during the ICO. The more activity on the application, the more value of MODL to be distributed. Influencers will be used to propagate the App and acquire users. Press releases will begin in the Asian region from August 2018.
PLATFORM OPERATION
Our goal is to develop content in which users can participate, such as advertising models and crowd funding. The release of unique content will improve user satisfaction.
EXPANSION OF THE TOKEN ECONOMY (ECONOMIC SPHERE)
MODL will expand user content and bring platforms to the world, thereby acquiring Module’s commercial area.
Marketing strategy
TOKEN INFO
TOKEN DETAIL
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
So join now and invest at https://modltoken.io/
Source- https://modltoken.io/
MORE INFORMATION :
BTT ANN THREAD :Website : https://modltoken.io/Whitepaper : https://modltoken.io/doc/whitepaper_en.pdfTwitter : https://twitter.com/MODULE_ProjectFacebook : https://www.facebook.com/moduleproject/Telegram : https://t.me/joinchat/DV1fB08cOrq5EWDJgMiyNQReddit :Bounty Bitcointalk : https://bitcointalk.org/index.php?topic=4745515.0
Authorized By:
My Bitcointalk account : jagadlangit
My Bitcointalk account link : https://bitcointalk.org/index.php?action=profile;u=1109252;sa=summary
My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
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