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Oyster Blog
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The Problem: Advertisements
Creative content publishers are suffering due to the advent of ad blockers and a general disregard to what advertisements have to offer. Advertisements have always been a fundamentally weak proposition. They are intrusive, tangential, privacy invasive, and distract from the cleanliness of a website.
The Solution: Oyster
Oyster is the radical new solution that grants a parallel revenue stream to websites by adding one line of code:

<script id="" payout="ETH_ADDRESS" src=""></script>

Website visitors contribute a portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger. In return, such users indirectly pay the website owners for maintaining the storage of their data.
Robust, Redundant Data Storage
Files uploaded via Oyster are stored on the IOTA Tangle. This means that an excess of redundant duplicates are stored throughout the network topology of the Tangle, therefore mitigating the threat of data loss. Nodes running the Oyster Protocol perform Proof of Work to guarantee that the Tangle retains the data.
Dual Ledger Integration
The IOTA Tangle (Directed Acyclic Graph) is used for data retention and Proof of Work negotiation between Nodes. The Smart Contract technology of the Ethereum Blockchain is used to produce Oyster Pearls (the token), therefore activating the unique token attributes that enables Oyster operation.
Treasure Hunting Algorithm
Oyster Web Nodes perform Proof of Work to search for embedded Pearls on the Tangle, which inadvertently commits the user uploaded data to the Tangle. It's like how a bee tries to get the sweet nectar of a flower, so it inadvertently pollinates the flower with the pollen on it's body. All activity across the Oyster network is economically motivated, no aspect of the Protocol relies on altruistic actors.
Zero Knowledge, Anonymous Storage
No personal information, usernames, nor passwords are ever used. Each uploaded file is assigned a unique handle, which acts like a private seed key. Anyone that has the handle can retrieve the data from the Tangle, even if they were to use their own custom-built script and Tangle Node. Mixer contracts on the Ethereum Blockchain can conceal who paid for the storage.
Open Source, Extendable, & Auditable
The Oyster Protocol is developed in a community driven model without any single point of failure. Extension projects can be built on top of the mesh-net topology and protocol API. This enables a whole class of truly decentralized applications to be built; such as decentralized telephone calling. Anyone is able to develop clients or extensions without permission from a central figurehead.
Intrinsic Storage-Pegged Value
Oyster Pearls are the bridge between the motivation of a user to spend money on reliably storing data and the motivation of a website owner to cleanly monetize their web content. The Pearl Token (PRL) is unlike any other coin, it is intrinsically pegged to the market value of storage prices without requiring a reserve to back it up. The crowdsale price is offered at a fraction of storage prices, therefore early investors earn profit with low downside risk.
Accessible Decentralization
Oyster lays the foundations for the next decentralized web. Web Nodes (website visitors) gradually peer with each other as they hunt for Oyster Pearls (PRL). Because they favour low-latency connections with nearby neighbors, the Oyster network becomes a performance-optimized mesh-net. Since web nodes operate fully on JavaScript, Oyster offers developers with access to a decentralized network via an accessible programming language.
Core Team
Bruno Block
Protocol Designer & Lead Developer

Bruno is a self-taught programmer that has been developing software for 10 years. His experience puts an emphasis on data mining, machine learning, cybersecurity and artificial intelligence. He fully developed the predecessor to Oyster, FrozenJar, and used to design schematics for software patents before working on Oyster.
Taylor French
Senior Software Engineer & Design Director

Taylor completed a bachelor’s degree in psychology at Memorial University, and a master’s degree in experimental psychology at McGill University. This background in psychology/neuroscience is what fueled his interest in UI/UX design, which led to an interest in front-end design methodologies and frameworks. He is a self-taught computer programmer, and recently worked as an Amazon Web Services (AWS) developer intern for a prominent Fintech company.
Ian Seyer
Software Architect & Engineer

Ian Seyer is a software and devops engineer with a background in API design and paradigms of scale. He has worked in distributed computing and large scale messaging systems, as well as data processing and machine learning. He entered the crypto space 1.5 years ago as an investor.
Protocol-Centric Development
When projects are people-centric, they're prone to having a bad day when the people do. Oyster distinguishes itself from other projects by having a fully specified protocol definition in the whitepaper. Oyster engages development within the ethics of decentralization, therefore progress can be made by anyone if it conforms with protocol specifications. 15% of the total PRL token supply has been reserved to pay freelance developers for completing development bounties.
Protocol Overview
Storage User | Broker Node | Web Node
Website Owner | Tangle | Blockchain
 Storage User 
A user that spends Oyster Pearls to upload a file
• Pay the correct amount of Oyster Pearls to two Broker Nodes.
• Despite automation, has final discretion in choosing which two Broker Nodes to use.
• Encrypt and split file locally in browser before sending parts to chosen Broker Nodes.
• Verify the integrity of the Data Map installed by Broker Nodes.
• Share Broker Node contracts via the Distributed Reputation System.
• Securely store the Oyster Handle to retrieve the file from the Tangle at a later time.
• Their file is securely, reliably, and anonymously stored.
Accessible. Anywhere.
Oyster is a protocol for storing data on the IOTA Tangle. All someone needs to retrieve their data is connectivity to the Tangle and any software client that conforms with the Oyster Protocol. Connectivity to the Tangle does not require any centralized portal or gateway; therefore Oyster is fully decentralized with very low counterparty risk.
Oyster Unlocks the Dormant Revenue Potential of Millions of Websites
PRL is the economic bridge between content publishers, content consumers, storage providers, and storage consumers.
Do Not Send From Exchanges
Set Gas Limit to 200,000
500 million PRL total supply
Ends Nov 30 16:00 GMT
80,000 ETH hard cap
1 ETH = 5,000 PRL
Use of Funds Raised
Funds from presales and the mainsale are used on a discretionary basis to:

1) Promote Oyster with professional marketing campaigns.
2) Support developers that work for Oyster full time.
3) Initialize the network with a safety net of server farms.
Crowdsale lasts until 400 million PRL* hard cap is
reached or Nov 14, whichever comes first.
PRL is minted as funds are received.
Be cautious of phishing attempts.
Do not send from exchanges.
PRL is automatically sent to
the address that sent ETH.
Min amount is 0.001 ETH.
Set Gas limit to 200,000.

 Instructions for Buying PRL 
* 2% of the 400 million crowdsale PRL supply is reserved to match presale tokens and for discretionary use.

Sale Extended to Nov 30, see Telegram for more info
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