Introduction to Module Platform:
Module platform is designed to utilize our current Smartphone and other devices free storage assets to mine crypto currency. Everyone around the world who has a smart phone will use their system to earn rewards by lending storage to their network. Their mining system is not limited to smart phone users big servers and enterprise companies are also allowed to participate in mining ecosystem. The mining reward for every user will be different based on storage capacity, time limit and other constraints.
Historical Point of View :
Back in 2009 when bitcoin came into existence it was very easy to mine with computers CPU and a lot of early users have mine them but do not hold it for long time. As bitcoin popularity grows everyone start mining it due to which mining difficulty start rising and also bitcoin price also start pumping. Later on big companies start their business on bitcoin mining and start buying big ASIC machines that consumes a lot of power. Proof of stake mining also developed but it does not support everyone and only big institutions are getting benefit from it. To create energy efficient and user friendly mining Module has created their own platform that will utilize smart phones as a way of mining system.
Module Mining Consensus Algorithm :
Module platform has developed a new type of mining consensus system that will allow everyone even a mobile user to participate in mining system and earn rewards. They are planning on techniques to solve high energy mining consumption related issues, for fixing this they are utilizing smart phones as way of maintaining whole block-chain network. Their reward distribution will depend on to the device assets like storage capacity, no of transactions and time etc. According to some recent research about an average 32 GB of every device storage always remain wasted; to counter this problem they build up a platform that will monetize this spare storage.
Module Cloud Network :
The Module P2P cloud network is based on new type of model so called client side encryption that enable individual users to transmit and receive data without depending on third party big joint companies. This kind of decentralized network will solve several cloud network issues like power cuts, data control errors, privacy and security etc. To solve out cloud network problems several techniques are already suggested i.e. response verification method. Their platform will ensure timely basis data authenticity so no hacker or malware attacker will able to attack on their network.
Module Consensus algorithm will perform functions of data storage and transfer mainly across two markets called as service market and storage market. Miner and client will participate in determining the actual cost of storage capacity and process all orders. Their market contains both types of mining proof of time, transactions and proof of space, users will able to store their important data at any time they want. Miners who support whole block-chain ecosystem and generate new blocks will earn rewards depend on time, space and no of transactions performed in the network.
Token Info :
Symbol : MODL
Total supply : 15 Billion
Per token Price : $0.008
Website : https://modltoken.io/
Whitepaper : https://modltoken.io/doc/whitepaper_en.pdf
Facebook : https://www.facebook.com/moduleproject
Twitter : https://twitter.com/MODULE_Project
My Bitcointalk Username : daniel23789
My Bitcointalk Profile Link:
https://bitcointalk.org/index.php?action=profile;u=2351939