Cryptocurrencies is one of world innovations that are currently attracting global attention. This is due to the fact that it offers much benefits to many citizens in the digitalized world. In spite of the benefits cryptocurrencies tend to offer however, it is not without weakness and limitations. One of such is the power consumption of PoW (Proof-of-Work) and centralization of PoS (Proof-of-Stake). For over the years, numerous cryptocurrencies have been working on improvements on a daily basis. Prior to the introduction of MODULE Platform, no fundamental solution has been reached. The thrust of this article is therefore to familiarize us on the platform called MODULE.
MODULE is a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, and so forth as an asset. Utilizing the MODULE platform, one will have the capacity to participate in mining even from a smartphone. Servers and enterprises can likewise participate in mining.
Module's agreement (mining) algorithm makes it possible to win rewards by lending out storage space. As the storage limit of gadgets advances and grows, one can expect the different administrations offered to extend. Notwithstanding issuing new unique coins, clients will likewise have the capacity to create Dapps (decentralized applications) on the platform.
MODULE utilizes another transaction endorsement algorithm. It is another innovation platform that empowers everybody to participate in mining, even from a cell phone. Notwithstanding building DApps, clients will likewise be able to issue new monetary standards on the platform.
We concentrated on cell phones as an approach to take care of issues, for example, the power consumption concerns caused by cryptocurrencies and their centralization. The Module venture reports the fate of mining with such vitality proficient and simple to utilize gadgets, for example, smartphones and tablets.
By discharging the limit of your gadget, you will have the capacity to gain rewards, which will shift contingent upon the limit of free storage, use time, space and transaction compose. At the end of the day, lending of storage space will make you qualified for pay. The platform additionally has incredible potential as a platform that can give other dispersed application administrations.
The POSTT decentralized storage network can perform data storage and data transfer (downloading and so on.) capacities crosswise over two markets. The two markets are the data storage advertise and the data benefit showcase. A customer and a digger decide the administration value, shape an ORDER in the market, and process each ORDER.
This market is created by POSTT, which incorporates the two POS (Proof of Space) and POTT (Proof of Time and Transaction). Clients will have the capacity to store their data securely for any timeframe they need. At last, excavators will bolster the blockchain by producing new squares, and the open door for mineworkers to win rewards for applying impact on the new squares will be relative to the storage space, time, and the quantity of transactions at present gave to the network.
By building up another agreement algorithm called Proof of Space, Time and Transaction (PoSTT), the MODULE group proposes an imaginative innovation which will empower individuals everywhere throughout the world to effectively participate in mining. In a word, we need to convey more delight to this world through Module, and improve the world a place by building up this innovation. There is most likely that the creative innovation called blockchain and the IT circle itself will keep on creating later on.
In the event that it is effectively utilized, the platform may supplant existing database applications and substance conveyance administrations. We need to add to making an existence where anybody can make any thoughts and administrations genuine. As an initial step to making this world, our group acknowledges the test of leading an ICO.
For more information visit
Website: https://modltoken.io/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
Telegram: https://t.me/module_project
Twitter: https://twitter.com/MODULE_Project
Authored by Solman: https://bitcointalk.org/index.php?action=profile;u=1903032
Public key: 0xCf9da57D7455aFBD22537a533FE86B880436EE54