What is Oyster Pearl Coin?
In the modern world of today the Internet has become a basic need of people. According to the United Nations, there were only 738 million Internet users in 2002. In today’s world, there are more than 3.2 billion users of the Internet. Every person is looking for something on the internet every second. When we search something on the internet or go to a website, we see ads on the website. Some people like this ad, but most people feel confused by it. Advertising breaks the privacy, distracts from the content and breaks the design continuity in the web pages. Due to the general disregard and the unlikely nature of advertising, ad blockers have become mainstream. This idea became very popular and many people share it. Because of this, many publishers lose a large amount of money. In addition, many site visitors do not see the content on the website. Now the question arises: What is the solution? One solution is Oyster Pearl Coin.
What is Oyster Pearl coin?
Oyster is the radically new solution that grants the website a parallel revenue stream by adding a new code. With respect to this website, visitors contribute some of their GPU and CPU power to store user files in a remote collection point. In return, these users indirectly pay the owner of the website for the storage of their data. The Oyster Pearl Coin is really based on two characteristics. It means that you can achieve two goals at once.
How does Oyster Pearl Coin work?
Files uploaded through the Oyster network are stored on the IOTA network. This means that there is an excess of useless duplicates stored throughout the network topology of the IOTA Tangles. It reduces the possibility of data loss. Users issue Ethereum- based Pearl tokens to store their data on a remote platform operated by IOTA Tangles.
The IOTA tangles are used for data storage. Also for the proof of work between the nodes. The Smart Contract technology is based on the Ethereum Blockchain . It is used to produce the Oyster Pearl Coins. These are basically the tokens of Oyster. These unique tokens activate the Oyster operations.
The Pearls are firmly fixed in the encrypted data mapping of the user’s uploaded file. The computers of the website visitors search for the pearls on the IOTA Tangles. While searching for the pearls, they hand over the data to the tangle in random order to keep them longer. In doing so, Oyster is conducting a blockchain search to bridge the savings of content publishers, consumers, storage providers, and storage consumers. By adding all separate parties, Oyster unlocks the hidden revenue potential of the Web.
The Oyster ICO protocol is designed to solve the privacy and memory issues. The files seem to be backed up on a remote node. The Oyster Protocol unlocks the dormant potential of millions of websites.
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