[ANN]🔵🔵 OYSTER 🔵🔵 Anonymous Storage Generates Revenue for Websites

[thedue]

Hey guys,

since I´m a big fan of IOTA it´s great to see a new project using the IOTA tangle!

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[nasa72]

I quite like the idea. I agree that site builders are suffering due to adblock.
In addition it will be preferable for the end user to contribute CPU / GPU power instead of being bombarded with advertising.
As a final consumer of some content I also prefer to share my CPU / GPU instead of being bombarded with advertising.
Great project

[Emerphesis2]

How it will works on mobile devices? Can it dramatically lowers battery life?

[butterface]

Very interesting project. So it is build on Tangle but on the Ethereum Blockchain? Do I understand that right?
How does this work?

[boyrocky]

the concept of webads and the means of monetizing it was a long deliberated issue and there were no proper answer till todate. in that sense i believe oyster has provided the perfect solution for the long outstanding issue. This project therefore has huge potential and i hope lot of investors wll naturally get attracted to make this project a success.

[frauswif]

This is a project with a practical idea behind it. Adblock, etc. is good for website users but creative content publishers lose out on revenue. This is a solution that seems to work for all. Everybody contributes with their CPU/GPU power and it is anonymous. I think this is a good bet for investment. Good luck with roadmap!

[Corrado77]

Hello, i think that this is a great and interesting idea. I would follow the project to see future developments.

[loremipsum]

This is one of the most promising projects, yet it wasn't well known. It combines the IOTA tech for decentralized storage and Ethereum smart contracts. Finally, its getting lots of attention!

[brunoblock]

I applied for the airdrop, but I'm confused about one point: if it is ERC20-based, then how does it use a tangle instead of a blockchain? Doesn't ERC20 imply that it is based on Ethereum's blockchain, and not a tangle?

I will quote this part of the icoalert.com interview https://blog.icoalert.com/ico-alert-report-oyster-ffda53924db6

ICO Alert: How does the Oyster token (PRL) function within the platform and why is it needed?
Oyster: The browsers of website visitors hunt for embedded Oyster Pearls, PRL tokens, across the IOTA tangle. The private seed key of the Ethereum address holding the PRL is embedded in an uploaded file’s encrypted data structure. As the nodes search for PRL via proof of work they inadvertently re-attach the data to the tangle which extends the file’s retention. This means that the data retention is fully decentralized and motivated by the economic incentive of a continuous blockchain treasure-hunt. The Oyster smart contract only allows PRL to be gradually released from the token’s embedded state, therefore prolonging the treasure-hunt and guaranteeing the data’s integrity for the correct amount of time. This mechanism guarantees that if a user pays for data to be stored for two years, it will persist on the tangle for a minimum of two years.

So the seed keys of address that control the Ethereum blockchain ERC20 token, are stored on the IOTA tangle. This creates a blockchain treasure hunt which ensures that the data is retained on the tangle.

[maccanak]

Nice looking website that is easy to follow. I hope you can create a platform that rivals maidsafe, just because they were here first, doesn't mean there the best. Good to see that there is still a lot of ingenuity in the crypto world.

[brunoblock]

How it will works on mobile devices? Can it dramatically lowers battery life?

Not the full CPU/GPU resources are used. In fact, if the browser begins to lag then the proof of work is immediately throttled. However, in the end it will impact battery life as all applications do. The degree is minimal, but website visitors consent to the proof of work (unlike coinhive) and elect to use their hardware devices to support the websites they visit. This enables the content to be produced and hosted in the first place.

[bollywood]

I for one am excited to see what happens in this space of decentralized computer resource sharing from a p2p perspective.  Projects seem to have been in the works for years now but not much has materialized.  Hoping that 2018 some of the development that has been taking place for years starts to come to fruition.  ETH blockchain based data storage with smart contracts will be a part of the future, just depends on who get there first and gets adopted by the masses.  Following on twitter and telegram, thanks for the airdrop

[brunoblock]

Hi, great idea, i like it.
But i can't find team on website. I want to see faced people, whom i will be sent ETH for project.

There are linkedin links in the team section.

[CHRISBIN702]

Truly freaking amazing!!! Whoever thought about this is a genius. I think I have to read through this one more time. Two questions, Do the websites essentially act as nodes?

What happens to the files at the end of the paid storage periods?

Will there be a Grace period or some kind of automatic process that sends the files to a predefined location?
That was 3 questions.

[jacksonmil980]

Oyster enables websites to silently generate traffic revenue as visitors perform Proof of Work for a decentralized storage ledger
This in turn spawns web nodes that go treasure hunting, hence retaining the data on the Tangle. Whales can dump the coin afterwards all they want, it will always self-correct back to storage prices because 1 PRL = 1GB/1 Year. This rate is hardcoded in the protocol and cannot change. This is the reason that huge bonuses have been assigned to the presale

[mbolaji2]

I have make different research on this project and I can tell anybody about this great project that is going to work out with the team behind this project, this is thee best time to support this great project

[tyKiwanuka]

Why did you choose the IOTA Tangle ? What are the pros and the cons choosing IOTA for your project ? Did you consider other platforms ? If yes, which were these ?
Who do you see as the biggest competitors to your project ?

[maniakbtc]

promising projects, interesting to follow, want to participate with this great project. hopefully this project will be successful, I also joined to bounty campaign. good luck

[Sugegorria]

Really interested by IOTA technonology so i'm glad to see this project.
As a webmarketer, i'm always interested by revenue generation. This give more energy to content creation without ads pollution.
The question will be about real revenues. If it can replace ads revenue, it will be a great things for both users and website owners.

[brunoblock]

Truly freaking amazing!!! Whoever thought about this is a genius. I think I have to read through this one more time. Two questions, Do the websites essentially act as nodes?

What happens to the files at the end of the paid storage periods?

Will there be a Grace period or some kind of automatic process that sends the files to a predefined location?
That was 3 questions.

1) Do the websites essentially act as nodes?
The websites turn visitors into nodes (called web nodes), if they consent to it with a small and subtle notice like the cookie notices.

2) What happens to the files at the end of the paid storage periods?
When the Ethereum addresses that are tied with the data run out of PRL, the web nodes will focus on other files that have PRL and not waste time on empty treasure. This means the tangle proof of work will no longer be done, which means the data will eventually start expiring off of the tangle. It is possible it could stay on the tangle for a long time afterwards, but it is not guaranteed and hence not reliable. The smart contract releases the PRL gradually from an address so that a file can be guaranteed for storage on the tangle for the intended amount of time.

3) Will there be a Grace period or some kind of automatic process that sends the files to a predefined location?
If you meant a safety net, then yes there are plans to pay for cloud hosting to keep a separate and centralized copy of the encrypted data during the initial stages of the network. Therefore if something were to go wrong (the technology is new and needs refinement), then nobody loses their data.