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.

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!

It’s indeed a promising project. Can you provide more detailed information about your projects?

Wellcome to myidm.io

Great. Can we see the results of these tests? Where were they published? It's also important who in those labs did the review of the technology, is that some person known in the cryptographic community?

Hello! 2% will be set aside for the bounty campaign.

Thank you for a good question!

IDM service provides a decentralized distributed cloud data storage system where the security of data both, from loss and theft, is provided by the unique SIZE algorithm. To procure the distributed data storage, the service will rent a free memory from miners for a reward. The miners all over the world would be able to lease a memory on their devices, including devices morally and technically obsolete (old smartphones, dated hard disks) and receive a continuous remuneration. Our patented algorithm SIZE supports an excellent protection of a file from loss (corruption) and can guarantee a file recovery from only 2% of the remaining data. Administration of the service will be managed by blockchain technology.
The properties of SIZE, in information recovery, favorably differ from traditional and widespread methods, like 3 or 4-fold Backup or replication, embedded in Hadoop, ZFS file systems from Google, Luster, etc. The SIZE encoding algorithm can provide the same level of safety with much less redundancy.

The use of SIZE technology can significantly reduce the gap between the amount of generated digital information and the amount of available storage.
If we are talking about safety, i can tell that in the security of storage SIZE technology has parameters incomparably better than all existing crypto algorithms. Please, read the whitepepper (https://myidm.io/img/doc/wp_en.pdf) for more information.

You're welcome!

I heard about this too, but really have no idea how it all works.