What is TheOoL?
TheOoL DAO is a super secure distributed information ecosystem that provides users with private space and the ability to transact without leaving their ‘digital footprints’ on the internet.
We provide high speed services of secure and distributed cloud computing and cloud storage at optimum prices. Resource providers and content providers are able to securely and automatically trade in computing resources and information. And our ecosystem makes private payments fast and secure.
TheOoL DAO offers decentralized web hosting services with a serverless security and content control system on its private, secure distributed cloud for data computing and storage. The ecosystem’s economics is underpinned by smart contracts executable in our decentralized payment system.
Watch Our Intro
TheOoL.net is a secure and distributed information ecosystem that:
- Protects network users from all kinds of data capture
- Protects user information from unauthorized access, modification, destruction, and lockdown
- Suppresses unsolicited information
- Enables users to securely and automatically trade in computing resources
- Provides for shared and safe data processing
- Allows for secure data trading
- Enables online users to make secure private payments
- Implements Eco-Friendly Consensus Solution
The mission of TheOoL DAO is to assure the rights and freedoms of online users as declared in the Universal Declaration of Human Rights, namely the right to privacy, the right to protection from prosecution on political, religious or any other grounds, and the right to access online data by way of technological elimination of any third party censorship.
Our further goal is to provide micro- and small businesses with access to the market of cloud computing and cloud storage, and guarantee that online users enjoy fair prices for cloud services based on the curves of supply and demand, as well as drastically reduce marketing and organizational costs within the cloud services industry.
Our Eco-Friendly Solution
Mining in current blockchain networks requires huge amounts of energy. According to a Cambridge University study the Bitcoin network alone consumes 97 terawatt per year. This is comparable with the annual consumption of electricity by the Netherlands. Experts find it hard to accurately estimate the rate of emissions created as a result of this energy generation. But they agree on one thing: Mining causes extensive damage to the environment. Especially considering that a substantial share of mining capacity is located in China where electric power is predominantly generated by coal-fired power plants.
Unlike other public blockchains TheOoL network consensus does not require any additional expenditures and energy resources. TheOoL supports PoW consensus algorithm but its hash code is computed by way of ‘useful work’ directly linked with transactions within the network.
Each transaction within TheOoL network is a smart contract with several counterparties: Storage/compute server owners, content owners, and content followers. And each of them generates their own unique transaction identifier. The smart contracts are also intended for non-reciprocal transactions. These identifiers are conveyed to all process actors and serve a hash code that is normally computed as a result of mining in other PoW networks. The codes thus generated are subsequently used for signing of a block in TheOoL blockchain, provided they satisfy conditions of the algorithm (let’s call them ‘useful codes’).
This approach allows to exclude conventional mining and, correspondingly, the energy consumed by such mining.
Moreover, TheOoL network effectively eliminates the possibility of the infamous 51% attack. This is because useful code computation is only performed when useful work is performed, and the network hash rate is defined by the number of transactions, not equipment capacity. Most importantly: Each hash code computed by the network user corresponds to at least one hash code computed by another user of the network. The probability that the hash code turns out to be useful is exactly the same for everyone, i.e. the hash rate is always identically distributed across multitudes of users of the network.
2018 - 2019
Inception of TheOoL and Mathematical Simulation and Proof of Technical Feasibility
1. First Prototype Development and Testing (completed)
2. Minimum Viable Product (completed)
1. Secure Serverless Cloud Storage (80% complete)
2. Payment System Integration (30% complete)
1. Serverless Cloud Computing
2. Serverless and Secure Video Conferencing DApp
End of 2022
Launch of 2 Data Centers
1. Serverless Web Hosting
2. Serverless Search Engine
End of 2023
Integration of Transaction Mixer into Our Payment System
1. Serverless Video Hosting and Streaming Sevice
2. Access from the Public Internet
Launch of 4 Data Centers, Development of Proprietary Social Networking Service
Market study and proof of demand
TU emission starts
Promotion campaign launch
Engagement of computing resources suppliers
Acquisition of content providers
Acquisition of the first 1 million users
Start of TheOoL B2B implementation
Annual TU turnover reaches US$10,000,000,000
What Is Our Core Audience?
- Users concerned about privacy and security (over 260,000,000 people)
- Users affected by cybercriminals (1,230,000,000 people annually)
- Micro- and small cloud service companies
- Major cloud service providers
- Content creators and providers
- Vulnerability of user data
- Intellectual property rights infringement
- Insecurity of network nodes including cloud services
- Lack of control by users over their cloud-stored data
- Monopolization of the cloud services market
What Problems Do We Solve?
Functionality of TheOoL
Serverless secure data transmission & storage (including cloud storage, web-hosting, chatting, voice and video communication), serverless secure cloud computing, and decentralized serverless search engine for TheOoL.net resources.
Information Management System
The system provides for the management of data publication, deletion, and access based on ‘information domains’.
It is a distributed metadata database underpinned by blockchain technology.
Built-in Payment System
This system enables network users to make secure payments. The basic unit of value is the internal token called “TheOoL Unit” or “TU.” TU is pegged to the US dollar.