Cheers!
http://blockchainsummitfrankfurt.com/
Topic: [ANN][ICO] IDM Protect - page 82. (Read 14803 times)
Hi there! Thanks for the interesting questions, we will reply within a day. Right now we are in Frankfurt on Blockchain Summit. There is a great atmosphere and nice people. If you are on the event or in Frankfurt, let me know. We can meet and discuss blockchain technology and our project in person.
Cheers!
http://blockchainsummitfrankfurt.com/
Cheers!
http://blockchainsummitfrankfurt.com/
Nice concept for the coin, but already implemented in Storj and Siacoin. Which new things this brings to the table compared to these two coins?
Thank you for this very important question!Just a brief comparison:
- We don’t overload Blockchain network with all management and logging operations. We use it just for payments. Our SIZE algorithm manages the ecosystem autonomously: it controls operations and quality of nodes, manages their reputation and distributes data.
- Our goal is not to create the cheapest storage. Our storage is most reliable and secure. So our storage nodes get good payment, while users get best protection and confidentiality.
- We don’t use cryptography. We use correction codes which modify source information and convert any digital content into a new form — to the set of digital packages. Each of these individual packages has no functional value and may not even contain a single bit of the original information. To restore the initial information you have to reassemble a complete file from a set of packages in a specific way, performing series of mathematical operations.
Thank's for the details, but the last part of an answer is not raising the confidence in a project. What you are saying in essence is that you are not using any accepted encryption/decryption algo, and instead you have used your DIY method. These attempts always bite you in the back once serious cryptographers get in business verifying your method. The fact the parts of files are shuffled around doesn't make them more protected if the encryption scheme can be broken and those parts of the file are exposed.
It’s indeed a promising project. Can you provide more detailed information about your projects?
Do we need An Absolute Protection From Quantum Supremacy? There is no quantum computer yet.
There is at least one (actually more than one), as Google announced: Researchers from Google are testing a quantum computer with 72 quantum bits, or qubits, scientists reported March 5 at a meeting of the American Physical Society. The team hopes to use the larger quantum chip to demonstrate quantum supremacy for the first time, performing a calculation that is impossible with traditional computers.If it seems Google has only just begun to test quantum computers it would seem quantum attacks are still a long time away from being realistic threats. In what timeframe do you estimate they will become a threat?
Following all the advantages of the technology, we wonder how complex is it? What device do we need to run the algorithm?
The SIZE algorithm is simple. It does not use any complex mathematical operations, it works within the framework of standard binary logic, and does not need significant computational capabilities. This also makes possible to use as a data storage the memory on smartphones that work on simple ARM processors.
Following all the advantages of the technology, we wonder how complex is it? What device do we need to run the algorithm?
How much redundancy does your algorithm generate?
At the first level, for example, with the same reliability as mirroring with a 2-fold redundancy, the file size will increase only by 1.5 times from the original. At the 5th level, the redundancy will increase by 7,6 times. Therefore, if we compare our algorithm with a replication method, then to have the same reliability of storage it would be necessary to make 32 backup copies. That is, the redundancy of the replication method, in this case, will be 32 versus 7.6 for the SIZE algorithm!
How much redundancy does your algorithm generate?
I like the very idea of decentralization. A truly decentralized service can help everyone to earn money. And you use blockchain system. These are not the app-tokens that depend entirely on a one team that can continue to develop application or stop it. This is an application that is supported by the community. An interesting ecosystem is developing.
Do we need An Absolute Protection From Quantum Supremacy? There is no quantum computer yet.
There is at least one (actually more than one), as Google announced: Researchers from Google are testing a quantum computer with 72 quantum bits, or qubits, scientists reported March 5 at a meeting of the American Physical Society. The team hopes to use the larger quantum chip to demonstrate quantum supremacy for the first time, performing a calculation that is impossible with traditional computers.
Do we need An Absolute Protection From Quantum Supremacy? There is no quantum computer yet.
Who are the founders?
The team is international and includes experienced researchers, software developers and marketing professionals from UK, USA and Switzerland. The algorithm was developed by physics scientists Iskender Syrgabekov and mathematician Zadauly Erkin. You can check their patents here: https://patents.justia.com/inventor/iskender-syrgabekov
Who are the founders?
Not bad, except there are many free storages…
The main task of the project is to ensure ultimate security. There is no free project with this LEVEL OF SECURITY. I would say there are no such projects at all, at least with competitive prices. Nice concept for the coin, but already implemented in Storj and Siacoin. Which new things this brings to the table compared to these two coins?
Thank you for this very important question!Just a brief comparison:
- We don’t overload Blockchain network with all management and logging operations. We use it just for payments. Our SIZE algorithm manages the ecosystem autonomously: it controls operations and quality of nodes, manages their reputation and distributes data.
- Our goal is not to create the cheapest storage. Our storage is most reliable and secure. So our storage nodes get good payment, while users get best protection and confidentiality.
- We don’t use cryptography. We use correction codes which modify source information and convert any digital content into a new form — to the set of digital packages. Each of these individual packages has no functional value and may not even contain a single bit of the original information. To restore the initial information you have to reassemble a complete file from a set of packages in a specific way, performing series of mathematical operations.
Not bad, except there are many free storages…
The main task of the project is to ensure ultimate security. There is no free project with this LEVEL OF SECURITY. I would say there are no such projects at all, at least with competitive prices.
Nice concept for the coin, but already implemented in Storj and Siacoin. Which new things this brings to the table compared to these two coins?
Not bad, except there are many free storages…
I found on your website the following: The estimated reward from $4 to $5 for every 50GB of rented memory. There is a redundancy in your system. So, the volume of stored data will be bigger than the initial file. Also, you would probably keep a commission as the service provider. I can’t even guess how much your end user has to pay for storage.
Data owners pay 1$ per 1GB per month.
I found on your website the following: The estimated reward from $4 to $5 for every 50GB of rented memory. There is a redundancy in your system. So, the volume of stored data will be bigger than the initial file. Also, you would probably keep a commission as the service provider. I can’t even guess how much your end user has to pay for storage.
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