Memority - a new level of cloud storage with the use of blockchain technology
Over the past decade, the notion of value has undergone changes. If earlier value used to mean tangible assets, namely real estate, jewelry, things, money, etc., nowadays the concept of value has become more comprehensive, including information. Databases, intellectual property, patents play a key role in modern business, being more mobile and profitable assets. Undoubtedly, in the 21st century they do not use paper carriers, but generate all valuable information on digital media. The issue of reliable information preservation, as well as its transmission, is the most acute problem in this area. The statistics of hacker attacks with the purpose of access to confidential information is not optimistic, and their number grows exponentially year-by-year. Decentralized Memority platform offers a new and innovative product, which has no analogues, for a reliable preservation and transmission of information.
Key Features of Memority
Decentralized Memority platform provides its users with the ability to safely and securely store their information. The uniqueness of the project is the automatic creation of copies of posted documents on network nodes that are not connected with each other. The number of backup copies reaches 10 by default, but can be increased at the discretion of a user.
Advantages of Memority
Memority is an innovative project with the technical component that has no analogues. First of all, it should be noted that Memority uses a decentralized platform to store information, which is the guarantor of reliable information protection.
Memority uses a mechanism to motivate hosts to connect the maximum number of computers to increase the volume of independent storages. The data protection is checked online within the platform, and in case the system identifies the reduction of the backup copies of files, new ones are automatically created.
Artificial intelligence reliably protects the system from cluttering with unnecessary files. Since the hosts aim to save only the information they have paid for through the smart contracts, all other information is removed from the repositories, that provides a large amount of space for really important information and removes virus files from bots.
Memority also has a user-friendly interface, which thanks to the API technology is available to third-party developers, and can be used to create internal online applications for storing data within a company. This position of the platform creators promotes the wide distribution of the Memority program and the increase in the number of users.
All files hosted on the platform are automatically encrypted with a private user key. Only a user has the access to the key generated by the. The work on the platform is completely anonymous and requires only the presence of an encrypted key from a user.
Memority platform allows free storage of data in exchange for storing the data of other members of the system on user's computer, which provides only a space without the possibility of viewing other people's information. The platform is completely independent of the centralized system and provides storage of hash files in the blockchain to verify the authenticity of the data.
Memority cryptocurrency
To perform calculations on the platform, MMR tokens are used. Now the project is at the stage of the main crowdsale where you can get a 5% bonus when buying. The cost of one token is $0.1. You can buy tokens using fiat and cryptocurrency. The project’s softcap is $5 million, hardcap - $85.5 million. Investors who purchase 10,000 MMR get the opportunity to become the project miner. At the moment, the level of softcap is almost reached - more than $4.7 million have been collected.
Summary
Thus, Memority project provides a new level of information storage. Memority reliably encrypts data with a unique private key, provides backup storage of data on independent servers, motivates other participants to use the platform. The distribution scheme will vary depending on the amount of collected investments. However, the main ICO goal is to raise funds to finance research and development in cloud storage. The idea of the project emerged in 2016, and the alpha version of the platform has already been launched. By March 2019, the creators of the project will release Memority platform 1.0.
Links:
Website: https://memority.io/
WhitePaper: https://memority.io/docs/whitepaper_memority.pdf
Telegram: https://t.me/memority_news
Facebook: https://www.screencast.com/t/5jG54vbiFJ
Twitter: https://twitter.com/frvrty
Medium: https://medium.com/@memority/
ANN:https://bitcointalk.org/index.php?topic=3952669
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.