Opacity is a decentralized blockchain data storage platform that is secure, anonymous and opaque. It utilizes Proof-of-Work to retain and secure data. All files uploaded on to this platform are kept in the IOTA Tangle. Users are not required to provide any personal information like usernames or passwords to store files on this platform. Each of the files uploaded is simply assigned with a special identity or handle. Only the users with the handle are able to access the contents of the uploadedShow more [+] files. The platform further uses mixer contracts to hide the identity of those who pay for the data storage. The platform reduces the chances of data loss by storing redundant files throughout the Tangle's network topology.
OPQ is the token used to run operations on the Opacity network. It is an ERC20 token that is never premined, and whose value is pegged to that of the storage prices market value. It operates without the need of a backup reserve. Using Ethereum's smart contracts nodes on this network dig out OPQ tokens within the Tangle to power the network and guarantees data identify by releasing the tokens gradually from their entangled state. OPQ tokens can be stored safely in ERC20 tokens wallets and are listed for trading on Cryptopia and Kucoin exchanges.
Opacity team comprises of Bill Cordes, the CEO, with eight years’ experience at solving business financial problems, Taylor French, the Chief Product Officer, a professional at human psychology and Alex Firmani, the Chief Technology Officer with 18 years’ experience in development of applications and technology among others.