Bitcoin Press Release: IDM Protect decentralised storage service is ready for production. The service is a response to most important data security challenges. The innovative solution combines modern distributed architecture and unique competitive advantage – the SIZE algorithm.
April 10th, 2018. Zug, Switzerland: Data storages deal with two main threats unauthorised access and data loss. To solve the first problem they use encryption, which should prevent anyone who is not meant to access the data stored. In reality, cryptography is not as good as we want it to be: hackers can break encryption keys; as for other codes, they will be broken in the near future by upcoming quantum computers. The second concern is data loss. Centralised data storages can be physically damaged. Hackers and authorities can block or destroy the data. Therefore, even traditional cloud data centres and replication methods cannot protect your data from loss.
The IDM Protect service solves both of these problems.
The solution’s architecture guarantees post-quantum protection, fault tolerance, and highly distributed storage – the architecture is independent of any cloud provider. The core of the system is the innovative and patented the SIZE algorithm. The algorithm helps to store data with maximum reliability and security, both in terms of protection against unauthorised access and prevention against data loss. The data is protected at the level of an Ideal Secrecy System that cannot be hacked. The reliability of storage achieves an unprecedented level: for example, with the expansion of the network, it is possible to lose up to 98% of stored files and then recover the original file without any corruption.
The SIZE algorithm implements a new method of correction codes.
It splits the source data into small packages and converts each package into shards with additional data generated. Each of these individual packages has no functional meaning and does not even contain a single bit of the original data. To restore the original data, you have to reassemble a complete file from a set of packages in a specific way, performing series of mathematical operations.
The algorithm has demonstrated its advantages in a production.
The company already has a data storage service in a cloud with more than two thousand active users. Developers of the service and other organisations confirmed technology reliability. For the development team the IDM Protect distributed storage service is the next big step.The algorithm is perfect for decentralised data storage on a large number of nodes.
This step provides an excellent opportunity to anyone who wants to share the success of the company.
IDM Protect offers reward to distributed storage node owners: monthly reward of $4-$5 per 50 GB for leasing storage capacity. Since there is minimum requirement for computing resources, any user device can function as a part of a distributed data storage. The reliability and security of IDM Protect will be higher than that of capabilities of centralised storage schemes, and at a fair cost. To accept payment and distribute rewards the service introduces a blockchain system.
In addition, the blockchain project opens up the great opportunity to an international investors.
Token sale starts from 15th of May. The technology based on the SIZE algorithm and it is patented in the UK, European Union, USA, Japan, and other countries. There are more than 20 patents totally, which help to secure your investments. With a wide storage network all over the world, IDM ecosystem will be the only storage, which is able to retrieve data even after a massive failure or disconnection of storage nodes in all countries and continents. An unprecedented level of data protection and a business model, which makes this project profitable for many users, promising high return on the investment.
Visit the Website: https://myidm.io
Read the Whitepaper: https://myidm.io/img/doc/wp_en.pdf
Chat on Telegram: https://t.me/idmprotect_en
Follow on Facebook: https://www.facebook.com/IDMdatasec/
Follow on Twitter: https://twitter.com/IDMdatasecurity
Name: Oleg Ovchinnikov
IDM is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.
This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The IDM token sale is closed to US participants and participants of all countries in which ICOs are illegal.