Whats up everybody WAJAHAT is here with another exciting blog on Gas Files. The Gas Files is the venture who aim to tackle the issues and problems which are linked with the digital folder storage. It is based on an interplanetary folder system (IPFS) and Ethereum blockchain technology. The digital folder are increasing with the development of different technology such as internet, mobiles and laptops etc.so the storage has become one of the fastest growing and lucrative industries in all over the world. The technology ensures unlimited possibilities and an unlimited data storage solution. The Gas Files is a new technology focusing on security, privacy and unlimited folder storage solution at an affordable cost to its clients. The core team of the Gas Files is comprise of Deepak Raturi as a blockchain developer, James Vi as a chief executive officer or founder, Deepak Chauhan as a chief technology officer, Shajid Mahmood as a Member Relations, Kyle Ehli as a Sales Promoter & Deepak Raturi as a blockchain developer. An advisory board is comprise of Filip Poutintsev who is the business Innovator, Adrian Sernero as a crypto advisor, MD Danish Zafarceo Right as a fit consultants & Shahrukh Khanblock as a chain advisor. It enables the clients from anywhere around the world, to secure and store any number of folders of any size without limits or any security concerns.
A client will sign up to the venture with a secure identifier with 2 factor authorization. The client now has access to the blockchain of Gas Files. The client can then select a folder or multiple folders simultaneously and upload. At this point the folder is converted into a line of code and that data is safely stored on the blockchain. This blockchain is private and other person are not able to convert the folders or download it. The white paper of the venture along with all details was released in January, 2018. An initial coin offerings was launch in February, 2018. The major exchanges will be released in March, 2018. The Gas Files venture will be launch in April, 2018. The Open Gas Files Sydney Office will be open in June, 2018. All over the world, it will be launch officially in September, 2018. The further expansion will be complete in January, 2019. The token sale begins on Feb 9, 2018, which will end on March 9, 2018. The exception is that it could closed before this deadline in case the hard cap of 10 thousand ETH is reached. The maximum soft cap will be one thousand ETH. The total supply of tokens will be 100 million. Each GAS token will be priced at 0.0003 ETH which is equal to 0.18 dollar USD. The 60% of tokens are issued for public sale, 14% of tokens are issued for team pool, 08% of tokens are issued for advisors, 8% of tokens are issued for bounty program and 10% of tokens are issued for reserved. The 30% reward is provided to the participant in the first 24 hours, 20% reward is provided to the participant in the first week & 10% Reward is provided to the participant until March 02. There will be no reward for the final week of the ICO. The tokens will be transferred once the token sale has ended. The 70% of funds are issued for development, 10% of funds are issued for general admin, 10% of funds are issued for expansion and 10% of funds are issued for physical offices. The problems of the digital storage industry is consists of security, privacy, size limitations & expense. The Gas Files token sale will ends in March, 2018. The reward level of token sale in the February is 10%. The new architecture of the business plan will deliver enhanced scalability, security and resilience. A breakdown of the functions includes login to GAS folders venture using unique identifier, upload folders, folders are encrypted, encrypted folders are split into shards, an audit pre-processing is performed for each shards and shards may be transmitted to the network. The first step in the process is to compress and store the folder in hexadecimal format. There is a 32 MB size limit per block. Once the folder is converted if it is over this limit it will be automatically split into shards before converted to hash and sent to the network. The folder which is of 85 MB, could have 3 shard. In 1st shard, 32 MB are present. In 2nd shard, 32 MB are present. In 3rd shard, the remaining 21 MB are present. These are shard are properly locked and secure in the network. Once the folder is stored on the secure Blockchain it can easily be converted back to its original form and saved to the destination of the user’s choice such as mobile or computer. It solves all of the major problems. There are simply no limitations of size or quantity in the Gas Files ecosystem. This venture focuses on privacy and security utilizing the strengths of modern Blockchain technology.
Website:
https://www.gasfiles.com/
Whitepaper:
https://gasfiles.com/wp.pdf
Hey @wijay295, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)
Thanks, @exxodus.