Good evening, dear friends.Today I want to tell you about a very promising project Memority .Memority is based on the block base platform for decentralized encrypted cloud storage valuable data. The mission of Memory is to create a self-contained ecosystem that includes many applications to meet the needs of businesses, government organizations and individuals in the super-secure storage of all kinds of valuable data. The platform includes a collection of independent repositories from all over the world that are based on users ' computers that have provided some of the memory of their hard drives to store files. To ensure a high degree of data protection for each of the saved files, 10 copies are created, the integrity and authenticity of which are constantly monitored. If the number of copies of the files is insufficient or copies have been tampered with, new copies of the original file are automatically created for new hosts. The processes of checking availability, authenticity, and file recovery are independent of the file owner and will work offline until the file storage on the system is paid for. Data protection is provided by encrypting the file when it is uploaded to the system with a private key that is stored only by the data owner. The data content can only be accessed using this private key. The unique hash identifiers of data stored in the database bloknota, so it is impossible to delete files, tamper with them or create a storage information file. All of the above allows unprecedented protection of files from deletion and forgery. The motivation mechanism for hosts (people who provide physical memory for electronic storage devices) is aimed at connecting as many ordinary computer users as possible with the system to maximize the number of independent repositories. Such a system will function with user data protection, even if there are no more application developers on the platform, the developers of the platform itself or up to 90% of the hosts will be lost at the same time. Full self-sufficiency, built-in self-cleaning mechanism and decentralized operation allow the system to exist and operate for many years without external control. Memory's operation is based on its own MMR tokens, the transaction history of which is also recorded in the blockchain. Payment functionality is provided by the system of intelligent contracts, which protects the interests of all participants in the system and constantly cleans the platform from unnecessary files. The data owner can provide space on their device, thus being able to store their data for free. This feature, among other things, aims to expand the network of hosts by including regular users in the system of computers. The memory API allows third-party developers to create desktop and online applications for decentralized encrypted storage of various types of data without long-term study of the technical details of blockchain technology. Developers receive 5% payment for all saved files downloaded through their apps. The creation of new applications will cause the popularization Memority and an even greater influx of hosting companies and users that have a positive impact on the work of the platform. Users are rewarded for MMR for the fact that the system works. 5% of payment for all files, records of which are contained in the block, is distributed among all participants involved in the creation of the block. The platform uses Proof of Authority, so the computing power is not related to the block creation process and will not increase over time. This is being replaced by the powers of the miner, which they prove by having a large stake in the system. Thus, a limited number of tokens have been issued and mining fees will be charged when paying for file storage. Investments in tokens and token prices are protected from inflation. This is achieved by limiting the number of tokens and rewarding all participants in the system. In turn, it will popularize the project and increase the profit of investors in the long term.
A few words about ICO
Ticker: EMT Platform: Ethereum
Date Pre-ICO: 16.05.2018 - 30.05.2018
Date of sale: 31.05.2018 - 01.10.2018
Token Type: ERC20
Price of a token: 0.1000000000 USD
Total tokens: 1500000000
Available: 57%
Min. purpose of collection: 5 000 000 USD
Max. the purpose of the collection: 85 500 000 USD
Currency: ETH, BTC, LTC, Fiat
More info in:
Website: https://memority.io/
Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
AnnThread: https://bitcointalk.org/index.php?topic=3952669
Telegram: https://t.me/memority
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
0x295aca7dda69533ca78410da4fcc5ee2bafd1545