Module — Japanese way to simplified Blockchain

Perhaps you are one of those who still wanted to develop your own blockchain platform but lack of team or expertise to instantly implement such distributed application or data transfer. So many blockchain explanation out there but most of them still rely on advance and complex technology implementation. It is not easy to understand not alone to implement into the real world. Well worry no more as we got a Japanese team project that simplified blockchain as much as possible. It name is Module. Module simplified the process of creating, launching, and developing your own decentralized applications or services that store and transfer data on the blockchain. The platform’s Japanese creators offer their smart contract technology, the possibility of honest cryptocurrency mining, and a set of high-speed, low-cost solutions that allow users to store their data reliably and confidentially, while managing their data quickly and independently.

The blockchain world is abuzz recently on how to deal with energy consumption issues related to PoW mining protocols, and Module has come up with an intriguing solution that allows just about anyone to use a powerful asset they carry around with them everywhere, but almost never use: their mobile devices’ storage.

Module’s technology will allow anyone to take the unused storage space on their mobile devices and put it to use for mining the new MODL cryptocurrency. Module says they are effectively replacing the old Proof-of-Work (PoW) algorithm with their Proof of Space, Time, and Transaction (PoSTT) algorithm, which will be truly decentralized and available to anyone who wants to participate in crypto mining, regardless of their means.

Their system does away with the energy-intensive PoW (Proof-of-Work) algorithms that require specific hardware and upkeep and replaces them with their proprietary Proof of Space, Time, and Transaction (PoSTT) algorithm. Users are rewarded for the amount of space they share, the length of time the space is used, and the number of transactions checked. Virtually anyone with a smartphone will have the potential to be a crypto miner.

Considering that the number of mobile subscribers has already surpassed the number of people on the planet, we would be remiss to not use the free memory of gadgets to earn money. What could be easier than renting out your unneeded megabytes and receiving cryptocurrency in return? This is just the opportunity that Module offers, and this solution could bring a huge number of new users who never even thought about the existence of digital currencies before to the cryptocurrency market.

The Module platform may have come up with a tool that offers the solution. According to the developers, your mobile device could be the way of the future in blockchain and P2P cloud storage. The company’s P2P Cloud Storage Network (PCSN) allows anyone anywhere to contribute storage space from their own mobile devices in exchange for MODL tokens. This creates a cost-effective and safe decentralized space for anyone to store their data, which is secured with client-side encryption, and ensures much greater reliability than any other existing protocol.

According to Module, distributed storage networks offer significant advantages compared to server-based cloud storage, because they are more resistant to data hacks. Data storage is a big stakes game in today’s digital world. International names like Amazon, Dropbox, and iCloud offer cloud storage services, as do decentralized competitors like Filecoin, Storj, MaidSafe, and Sia.

The Module project can address 3 issues at the same time:

• THERE IS A HUGE AMOUNT OF SURPLUS STORAGE CAPACITY ON SMARTPHONES, IOS AND ANDROID DEVICES AROUND THE WORLD: There are two billion smartphone users worldwide. The typical smartphone storage capacity is 32 GB, half of which is not used. That means there are 32 EB of surplus storage.
• GLOBAL MARKETS, BUSINESSES AND GOVERNMENTS DEMAND STORAGE FOR THEIR ENORMOUS DATABASES: Continuous growth in content, the transition of entire industries to the network, the emergence of HD and VR, the collection and use of big data” — all this leads to increased demand for an inexpensive way to store and transfer colossal volumes of data — in a secure, fast, and autonomous way.
• TODAY’S BLOCKCHAINS ARE CENTRALIZED AND COMPLEX, AND CRYPTO MINING REQUIRES VAST COMPUTING RESOURCES AND INFRASTRUCTURE: As more and more people learn about the blockchain industry, they are eager to participate in it. It is time to come up with a fair mining algorithm for all participants.

The token of the Module is named MODL. MODL is viewed as an innovative blockchain platform that is based on PoSTT! (Proof of Space, Time and Transaction). The Module is a blockchain-based platform offering an asset of free mobile device storage. Module platform allows users to mine and rent unused GB even from small portable devices, which means that any mobile phone owner will be able to participate in the Module business and earn.

Pre-sale of MODL start date at 16 July 2018 and Pre-sale end date at 31 July 2018. Token Sale ICO start date at 01 August 2018 while ICO end date at 30 Sep 2018. ICO token supply at 3,750,000,000. The MODL Soft cap is at USD 5,000,000 (fiat) and its Hard cap size at USD 30,000,000 (fiat). Accepted Currencies is ETH. The Bonus Program is at 7% Presale Bonus. Token distribution: 70% — Mining, 25% — Distribution, 5% — Private Presale. The Funds allocation: 50% — Development, 20% — Team, 15% — Marketing, 15% — Token Bonus. Module project is rated at 4.4 at TrackICO.

With the introduction of such a platform, virtually anyone with a mobile device will now be able to participate in the crypto economic system, as the platform rewards users for the size of space they opt to share, the amount of time the space is utilized, and the volume of transactions verified.

With all the services Module stands to provide, it may not be long before the crypto mining industry expands from the limited space that it is today where only a handful of individuals have access to infrastructure resources, to a genuinely decentralized network where resources are shared among the general public. Module Blockchain is delivering the whole list of unique opportunities to the crypto industry. Module will surely become the disruptive blockchain 4.0 for this industry in the future, offering simplicity, security yet flexibility to all parties involved in the blockchain based transactions.

Website: https://modltoken.io/

Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf

Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2104689