Goodbye Banner Ads.
Hello Oyster.

The future of website monetization and distributed storage, built on IOTA Tangle and Ethereum.

Read the Whitepaper

Also available in Chinese (中文​的), Korean (한국어)

THE PROBLEM

Advertising is Broken

Advertisements have always been a fundamentally weak proposition. They are intrusive, tangential, privacy invasive, and distract from the cleanliness of a website.

Making matters worse, creative content publishers are suffering due to the advent of ad blockers and a general disregard to what advertisements have to offer.

The SOLUTION: OYSTER

Revenue, in One Line of Code

Website visitors contribute a small portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger.

In return, the website owners get paid indirectly by the storage users and website visitors can enjoy an ad-free browsing experience.

Inside Oyster

A Robust Data-Storage Protocol

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 its 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. Over time PRL's peg to storage increases.

UNDER THE SHELL

The Oyster Protocol

Storage User

A user that spends Oyster Pearls to upload a file

Responsibilities

  • 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.

Reward

  • Their file is securely, reliably, and anonymously stored.

The Next Generation Supercomputer

Introducing Oyster Shell (SHL)

Shell enables efficient, encrypted, low-cost internet access and peer-to-peer communication, globally.

Enables the decentralized execution of JavaScript Apps.
Facilitates volatile memory, instruction exectution, and data communications.
Removes the need for centralized infrastructure of ISPs.

Our Values

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.

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 access to a decentralized network via a common programming language.

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.

Core Team

Bill Cordes

Chief Executive Officer

Bruno Block

Chief Architect

Taylor French

Design & Communications Director

Alex Firmani

Chief Technical Officer

Chris Garner

Advertising Evangelist at Oyster

Aaron Vasquez

Engineering Team Lead

Rebel Fornea

Technical Lead

Edmund Mai

Blockchain Engineer

Jared Farago

Software Engineer

Marcel Lindig

Software Engineer

Astor Rivera

Blockchain Engineer

William Halunen

Community Manager

Aleksandr Kravchuk

Community Manager

Tim DeHaas

Community Manager

The Token

Oyster Pearl (PRL)

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.

Available on Exchanges