Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I'm going to introduce you a new cryptocurrency based project called MEMORITY
What is Memority ?
The blockchain technology can be used not only for financial operations, but also for a long-term storage of secured files without any risk of its deleting or theft. Now we are going to present you the new project called Memority. Its developers are going to make the data storage revolution in the field of blockchain.
Memority is a blockchain based decentralized platform that offers a fully decentralized secure storage of important data on the chain which eventually ensures a sustainable availability of several duplicates of data on different locations across the world by making the use of blockchain technology. The platform offers high profile security to sensitive data. It is founded on four main pillars including; private key encryption, forgery protection, accidental deletion safeguard and self-containment and independence.
The purpose of Memority is the safe and secure data storage for businesses, government organizations and individuals. Such a system will function with user data protection even if there are no more developers of platform-based applications, developers of the platform itself, or up to 90% of hosters will be lost at the same time. Full self-sufficiency, the built-in self-cleaning mechanism and the decentralized nature of the functioning allow the system to exist and work for many years without outside management.
How it work?
Memority has developed a decentralized platform where the users can store their valuable data in encrypted form on a secure blockchain. Many of you might be wondering that Memority’s data storage solution is quite similar to the cloud storage services offered by different agencies. Though the services look similar, there are many differences that make Memority a better data storage facility for any individual and any agency.
Memority has an arrangement of members motivation (paying little mind to their parts). Beneath we clarify how precisely the framework draws in users, investors, miners and hosters.
Motivation of data owners
Can store data in an encrypted shape in a decentralized and totally secure way, paying for the storage with MMR tokens. Additionally, he can give his disk space to data of different users, turning into a hoster, and get tokens to pay for the stored data.
Hosters Motivation
Can get MMR tokens for giving their disk space to users of the Memority platform to store their data
Motivation for application developers
Will have the capacity to execute their thoughts and make their own applications, utilizing the framework of Memority, and accepting MMR tokens for this
Motivation of miners
Gets compensates as MMR tokens for supporting the working capacity of blockchain executing their authority (just at least 10,000 token owners can progress toward becoming miners).
Blockchain-based data storage ecosystem:
The Memority API allows third-party developers to create desktop and online apps for decentralized encrypted storage of various types of data without a lengthy investigation into technical details of the blockchain technology. Developers of such applications are rewarded with part of all data storage payments for files that were uploaded with their apps.
Memority's mission is to create a self-sufficient ecosystem that includes a variety of applications to meet the needs of businesses, government organizations and individuals in ultra-secure storage of all types of valuable data.
Data security
Memority has introduced a system that will store valued information i.e. data files. Memority will create an encrypted file upon file upload. During upload, a unique private 128-bit key is generated and only stored by the file owner, this sums up the security of their files. Users, in this case, hosters will provide a space from their hard disk that will be used to store the files. Memority will automatically create 10 copies that will be disturbed to users for storage, the system will continuously monitor the files and in case of forgery or manipulation, the system will automatically create new from the original file and new hosters will be allocated the file. Maintain authenticity and data file recovery then the user will just ensure they pay for the services.
Memority wallet
Memority system will automatically generate an MMR wallet for users to use in the platform which is created during installation i.e. while uploading the files. Memority wallet will be used for payment of data storage and be receiving payments from users after the data they stored for other users have been downloaded.
Memority’s key features
Data encryption with private key
In order for Memority to achieve secure data storage, the files are automatically encrypted when they are loaded into the system by use of a private key which is kept by the owner alone. The data stored in the system can only be achieved by the use of these private key.
Data is protected from accidental deletion
The platform founded by Memority comprises of an assembly of repositories from various places in the world, which on the basis of computers of customers who have provided part of their memory for data storage. In order to achieve a high profile data protection, 10 duplicated are made for every one of the files stored. Just in case these duplicates are compromised, new duplicates of the original file are automatically generated for the new hosts
Data is protected from forgery
Memority’s platform is designed with unique hash identifiers of the data which is stored in a blockchain database which makes it unmanageable to delete the files or to forge them. Memority also offers an incenting techniques which targets to connect as many regular computer users in the structure to make the most of the number of independent repositories.
The system is completely independent
Data storage, the process of file monitoring and subsequent data encryption and validation for authenticity are fully decentralized and there is completely no dependence on any centralized system.
Token Detail
Token: EMT
Platform: Ethereum
Total Supply: 1,500,000,000
PreICO Price: 1.2 EMT = 0.1 USD
Price: 1 EMT = 0.1 USD
Accepted Currencies: ETH, BTC, LTC, BCH, Fiat
Soft cap: 5,000,000 USD
Hard cap: 85,500,000 USD
For more information, please follow the links below:
Web: https://memority.io/
Bitcointlak: https://bitcointalk.org/index.php?topic=3952669
Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
Telegram: https://t.me/memority
Twitter: https://twitter.com/frvrty
Github: https://github.com/Memority/memority
Facebook: https://www.facebook.com/mmority/
Medium: https://medium.com/@memority/
Thank you for watching
Author: thedinh96
Bitcointalk Account: https://bitcointalk.org/index.php?action=profile;u=1692254
My EtherWallet: 0x255ed64a84ae3e16dd859c4aa070384f2addf0fc
