MODULE,Cryptoeconomic Ecosystem on a cloud storage network

5 min readOct 7, 2018

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.

There is a paradox on the cryptocurrency market. Small groups of people with a huge amount of capital possess cryptocurrencies, which runs counter to the original idea of the virtual currencies ushering in an era of decentralization. As a result, blockchain today has become centralized, and may have squandered the opportunity to spearhead financial reform and lost its true value in the process. In this sense MODULE is about to implement true decentralization.

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.

We focused on mobile devices as a way to solve problems such as the power consumption concerns caused by cryptocurrencies and their centralization. The Module project announces the future of mining with such energy-efficient and easy to use devices such as smartphones and tablets. By releasing the capacity of your device, you will be able to earn rewards, which will vary depending on the capacity of free storage, utilization time, space and transaction type. In other words, lending of storage space will make you eligible for compensation. The platform also has great potential as a platform that can provide other distributed application services.

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 storage: 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.

Cloud storage is used to provide massive storage space, which plays the same role in data storage and transmission as verified third-party organizations. However, the problem with this system is that it is a TRUST-BASED model. This is not only because client-side encryption is uncommon, but also because up to now clouds have suffered from the loss of personal data and confidential information due to attacks by hackers who were aware of the vulnerability of the server and programs to malware. As many storage servers rely on the same infrastructure, there is the risk that malware could affect the entire system via files.

A distributed storage network has advantages over a cloud-based server. Data security is maintained through client-side encryption, while the reliability of data is maintained through proof of decryption. It is also possible to significantly reduce the impact of server malfunctions and security violations (security risks). The introduction of more advanced devices and the use of a constantly growing number of devices will allow the cost of data storage space to be reduced.

Data on the network will be highly resistant to any unauthorized changes, unauthorized access or data errors. A more detailed description is given below.

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.

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.