Memority is a blockchain based platform for a completely decentralized, ultra- secure storage of valuable data on the blockchain which makes sure there is continued availability of a number of encrypted duplicates of data on various storage locations around the world.
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.
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.
By the aid of its API, Memority permits third-party inventers to come up with desktop and online applications for decentralized encrypted data storage of different types of data. Developers are motivated by being prized with 5% of payments for every stored file that was uploaded using their application.
The data is encrypted with your private key
No one except the owner can physically view the contents of the files, because they are encrypted with a private key, which is stored only by the data ownerData is protected from accidental deletion
The system always stores multiple copies of data (default is 10), the monitoring system will periodically check their availability and creates new copies in other stores in case of insufficient number of duplicates
Data is protected from forgery
Unique data identifiers are stored in the blockchain database, the system regularly searches for fakes and restores the correct number of copies with genuine data if files have been forged
The system is completely self-contained and independent
Data storage, the process of files copies monitoring and recovering, data encryption and validation for authenticity are completely decentralized, there is no dependence on any centralized systems.
Data security is ensured by encrypting the file when it is loaded into the system with a private key, which is stored only by the data owner. Access to the content of the data is possible only with the help of this private key.
The data owner can provide space on his device, thereby gaining the ability to store his data free of charge. This possibility is directed, among other things, to expanding the network of hosters, by including ordinary users in the system of computers.
Memority API allows third-party developers to create desktop and online applications for decentralized encrypted storage of various types of data without a lengthy investigation into the technical details of blockchain technology. Developers are rewarded with 5% of payments for all stored files uploaded through their applications.
The creation of new applications will trigger the popularization of Memority, and an even greater influx of hosters and users, which will positively affect the work of the platform.
Miners receive MMR tokens reward for ensuring the system is operational. Between all the miners who participate in the creation of the block, 5% of the payment for all files, entries of which are contained in the block, is distributed.
The platform uses Proof of Authority, so the computing power is irrelevant to the process of blocks creation and will not increase with time. This is substituted with miner’s authority that they prove by having a large stake in the system. Therefore, a limited number of tokens is issued, and mining commissions will be charged when paying for file storage.
Token investments and the token cost are protected from inflation. This is achieved by limiting the number of tokens and rewarding all participants in the system. In its turn, this will popularize the project and increase invectores’ profits in the long term perspective.
The token price is 0.1 USD.
Soft cap: 5,000,000 USD
Hard cap: 85,500,000 USD
There will also be an extraordinary bonus system when purchasing.
20% Pre-ICO bonus: May 16 - May 30th
15% ICO bonus: May 31st - June 30th
10% ICO bonus: 1 July - 30 July
5% bonus ICO: August 1 - August 31st.
MMR tokens
Memority will launch its own tokens system known as MMR tokens, the transactions will be stored in blockchain database. A token wallet will also be used for transactions within Memority platform which will automatically be generated when encrypted data will be uploaded.
INFOMATION:
Web: https://memority.io/
Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
Telegram: https://t.me/memority
https://t.me/memority_news
https://t.me/joinchat/CSoHpA-mgTHkEDDZ92Lk-g
Twitter: https://twitter.com/frvrty
Github: https://github.com/Memority/memority
Facebook: https://www.facebook.com/mmority/
Bitcointlak: https://bitcointalk.org/index.php?topic=3952669
Medium: https://medium.com/@memority/
My bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1636284
