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Research Paper on the Tringl Solution

4 pages
1039 words
Vanderbilt University
Type of paper: 
Research paper
This essay has been submitted by a student. This is not an example of the work written by our professional essay writers.

Tringle refers to the decentralized cloud storage type of platform that engages in the deployment of spare capacity of mobile forms devices. The firm possibly could be one of the biggest data centers in the world that are owned by the users. The company itself entails a network of smartphones together with other devices that permit the phone owner to be in a position of leasing his mobile device additional storage to a renowned decentralized form of storage. Every mobile device ends up being a mini data center where every owner earns the spare capacity of his device after renting it out. Businesses, individuals, and research firms would be in a position of purchasing or making use of resources within the network without paying anything so that they can end up storing the data in a secure, convenient and independent from the administrators. The data that is kept in Tringl platform is further divided into several components or nods and after that encrypt and also replicated among various phones. In this manner, despite the phone suffering breakage and instances of decryption attempts, the attackers may not be in a position to proceed with retrieving data since other elements are all scattered all over the globe. Also, they are only possible to be assessed by the file's owner. Also, the storage for every gigabyte must remain to be low about the current solutions because of the transparency unit component of the economy such the platform fees, every form of revenue produced by the storage providers.

How Tringl operates - storage providers

Users proceed to download of the app of Tringl from the Apple Store or the market of the Android. The user is needed to share space with a minimum of 3 GB through his or her device for signing up and also maintaining his or her device with connection instead of disconnection with the application available on the internet so long as they can and also due to the fact their earnings rely on the presence of data.

The user generates earning of Tringl coin or the internally based currency that falls within the network based on the quantity of storage involved with the possession of data that others own and the time frame while data storage takes place. In the urban settings, close to 95% people are connected with internet, and this justifies on why smartphone may be applicable as an external storage facility as well as also earning coins immediately. Added to the same, there are in places mobile based devices such as the iPads, tablets and other IoT devices that exist mostly within the homesteads and also enjoy a connection with the WiFi network at a speed of 99.9% of their time.

How Tringl works - storage renters

The renters of the storage sectors that purchase the Tringl coin also stand a chance of spending on the data based storage devices. Regardless of this, the Tringl gigabyte price based on the projections should be lower when compared to the ancient data centers capabilities. The instance is due to the Tringl nature of decentralization and more efficiency regarding using the unused space within the disk. Tringl will not only lead to the reduction of cost of storing data but will also depend on the cryptographical protocol that binds every participant of the network in a manner that is favorable. Because of the deterministically based proofs concerned with the internal use of storage, providers often get rewarded where there aid in the storage of data for the renters. Renters have to meet the cost of the service they receive. To realize this goal, Tringl makes use of the smart contract that functions as escrow for securing the finances and relationship among the renters and the providers.

Tringl is a community now, DAO in future

We have to be surrounded by persons who behave like us, not afraid of being creative and also coming up with new thoughts. We are always open, and each, and every person needs to be part of us as a community and also be ready to seek from us anything they prefer. Also, anyone is allowed to give a suggestion of his or her ideas and also make the organization aware of his or her thoughts. Any form vulnerabilities within the system that is present in Tringl will undergo timely publication within the FAQ plus also get backing from the solutions within the community and also supported by the public as well.

Our mission

The principal reason for coming up with Tringl was to create benefits for people and also provides a solution to the current inefficiencies of the market systems. We engage in the transparent distribution of money among the renters of the storage space, and also we participate in the creation of opportunities for an extra form of income for every person. A major pleasant prospect that falls within our protocol is the opportunity of assisting in the development of developing nations in increasing their levels of incomes. As a type of real drawback, we expect to acquire cheap and reliable storage for the researchers, business and the needs of the esteemed users of the internet.



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