Oyster Pearl (PRL) was designed to address two very common problems:
* The lacking of anonymous, decentralized file storage
* The decreasing effectiveness of ads for websites and content producers.
The Oyster platform uses these in-demand features to create an ecosystem where users can pay to store files in a decentralized, anonymous way. They can also offer a fraction of their CPU or GPU power in return for advertisement free access to websites that participate in the system.
It’s in this way that Oyster brings two kinds of users together, those wanting to store files, and those wanting ad free access.
It should come as no surprise that file storage is becoming increasingly more attractive.
Take a moment to think how fast it takes for you to use up all of the available storage on your phone or computer. Or are you sick of or quite frankly, scared of the information that ads collect about you?
It’s not hard to see that there is room for this platform in this day and age, but we should take a better look at how they plan to achieve this.
Files uploaded through Oyster are stored on IOTA’s Tangle. The Tangle is type of a DAG, or a Directed, Acyclic Graph that allows for redundant duplicates. So this gives a peace of mind for those concerned about the threat of lost data. Pair this with the fact that Oyster protocol will also use Proof of Work to guarantee that IOTA’s Tangle preserves the data.
Files are stored anonymously, no personal information, no usernames or passwords are ever required to upload a file. Instead, each file uploaded is assigned a unique handle which you should treat as a private seed key. Furthermore, there are mixer contracts available via the Ethereum blockchain that can work to conceal who paid for the storage.
This platform is open source, one of the philosophical bedrocks of cryptocurrency that I appreciate most. This also opens the door for a whole bunch of different kinds of Dapps that can be built onto of the platform. If you want to get a more specific explanation for how this will all be organized and distributed by using IOTA’s Tangle and Ethereum’s Smart Contracts, nothing does a better job than their white paper. Just keep in mind that although it reads a bit like a science fiction fantasy instruction manual it does lay out the logistics for all of the nodes required.
That being said, here are some good questions that I think are worth paying attention to as this project moves forward:
- How much CPU will be used from the Web Nodes?
- If a Web Node visits many websites that are participating in this system, how will that affect CPU output?
- If an individual pays for file storage for a certain amount of time, can this be extended if need be?
Additional Reading/Sources:
Oyster Website
Oyster White Paper
More on IOTA
Market info for PRL
Wow this was very interesting, I have to take a look at it.
very interesting technology... thanks for sharining...
Is PRL better than storj?
Data sorage is much scheapper.
PRL is decentralizated,anonymuss,has free data downoad,there is no sngup and have istant pay...so yea it is better then storj
happy New Years
@heiditravels
@heiditravels Thank you for the information. Best wishes to you and Happy New Years :)
very informative post, I often follow updated news from you. thanks for sharing in the field of crypto
Great info and enjoy your New Year!
Decentralized storage is definitely gonna change the way we internet... I wonxer how this'll stack up against STORJ and IPFS...
Interesting Iota was one of the first Alt Coins I became interested in. I saw it when it was 1.50 and wanted to buy it right away unfortunately by the time my money transferred over is over 4 dollars
this is a good info and i wish to tell my friends about it..
i love it
Pearls are valuable...I see what they did there! :O
Wow! It's so amazing that they can do this.
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with all due respect for the project the name sounds like a gay bar. :)
Thank you for the information.
This sounds promising. Thanks for the info!
Thank you for the insight.. love your videos on youtube and thank you for inspring me.. I want to be like you someday!
Thanks for all the great videos. They've helped me a lot on my crypto investing.
Thanks for the heads up on Oyster. I have not visited your blog for months now ... and only saw your post about ARK, NEO and Smartcash now. I have ARK and NEO just laying around for months now... thanks to you I shall put them to work this evening.
Very Interesting write-up......I will be taking a look at Oyster Pearl immediately