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The Japanese Approach: How Module plans to exponentially increase the blockchain audience by connecting handheld devices worldwide

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The Japanese Approach: How Module plans to exponentially increase the blockchain audience by connecting handheld devices worldwide
Source: Module

Annual global smartphone sales passed the threshold of one billion devices a long time ago. Specialists from the IHS Markit research company have projected that up to six billion of these gadgets will have been sold by 2020. The media agencies We Are Social and Hootsuite also found in their joint research that there are currently around five billion mobile phone users, 80% of whom use smartphones.

If you imagine how much data storage space goes unused on these gadgets, and add in tablets and laptops, the resulting data storage capacity would be comparable to an enormous data center the size of a city. Meanwhile, large companies and state structures are still forced to use large data warehouses and pay a pretty penny for their services.

The founders of the Japanese startup Module have found a truly revolutionary solution that is destined to change this situation and allow all participants in data storage, from device owners to business owners looking for server capacity to store their bulk data, to benefit from the process.

Module plans to use the free space on users’ mobile phones as decentralized data storage while giving gadget owners the ability to mine cryptocurrency through the lease of their unused storage space. This approach could completely reshape the data storage market and, just as importantly, give the development of the entire cryptocurrency market a colossal boost: after all, this could make billions of people all over the planet who are willing to lease the free space on their devices into potential blockchain users.

A well-known blockchain expert, consultant and co-founder of ICOBox Nick Evdokimov says:

“This project could increase the number of blockchain users around the world exponentially. Smartphones are becoming more and more popular, and this trend shows no signs of slowing down. The features of these gadgets also continue to expand: they are becoming a universal tool for communication and data transfer and storage. All while getting easier to use, meaning that billions of people could potentially use their mobile phones, tablets and laptops to work on blockchain. The appearance of a platform like Module could turn into a strong shot in the arm for development in the crypto industry,” 

Module will also function as a platform for the creation of decentralized applications [DApps], a facet of the industry that is being called the new future of blockchain. It will simplify as far as possible the process for users to design, launch, and develop their own blockchain-based data transfer and storage applications or services.



The presale of the Module project’s tokens is scheduled to start on June 15th, 2018. As part of its preparations for the ICO, the project has concluded an agreement with ICOBox, the premier provider of SaaS solutions for holding initial coin offerings.

To know more about Module, click here!





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Altcoins

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





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