Each user in the Memoriae decentralized cloud storage system can register a role based on its individual needs. The system comprises three parties whose roles are respectively the User, the Keeper, and the Provider. A party requiring storage is registered as the User, a party providing the device as the Provider, and a party providing information management services only as the Keeper.
This article addresses the principles based on which each role is designed from the perspective of overall system operation.
The basic positioning of the tripartite roles is as follows:
Given the demand for fair transactions in a low-trust environment, Memoriae system is designed using the core technology of decentralized blockchain. There are three system roles involved with appropriate functions, namely the User, the Keeper, and the Provider, which interact with each other to form an ecosystem. This article will elaborate on the node matching of Memoriae system, i.e. how the User finds the Provider for storage service.
Demand parameter configuration of User
The User is the end consumer of the system who initiates the desired storage service based on which the Keeper and Provider offer their services. As mentioned…
The team behind popular decentralized storage providers Memo Labs are launching a new service focused on the ever-expanding world of metaverses. In step with the world of NFTs, METASTORAGE incorporates the unique dual structure model made by Memo Labs for added layers of high security and lightning querying speeds.
This marks the next step for Memo Labs as it specifically targets the emerging world of NFTs and metaverses most recently popularized by hit games like Axie Infinity, Aavegotchi, and the upcoming Star Atlas launch. As the metaverses expand digitally, more and more unique points of data require unique storage capacities…
The hottest word right now in the world of blockchain is arguably the term “METAVERSE.” What it stands for exactly though, is still in discovery mode as dozens of new NFT led games such as Axie Infinity and Star Atlas are launching massive, multiplayer worlds — otherwise known as Metaverses.
But with great worlds comes great…amounts of data on Web3 that needs to be stored and protected the right way! This is exactly where METASTORAGE, from the makers of Memo, have created!
What is METASTORAGE?
With a focus on the ever expanding world of NFTs, METASTORAGE is a decentralized storage…
The origin MEMO’s test network Phecda
Phecda is a white star of the Big Dipper and is referred to as the star of wealth.
The Big Dipper is an asterism in the sky of the Northern Hemisphere. The Big Dipper starts from the top of the bucket and ends at the end of the handle. They are named α, β, γ, δ, ε, ζ, η in order.
The MEMO test network is named after the Big Dipper, symbolizing that the MEMO decentralized storage system is like a galaxy in the sky containing hundreds of millions of storage nodes in the…
The recent rise of NFTs is both the natural result of the continued development of Internet and blockchain technology and also the response to an urgent need for more convenient ways of authenticating and circulating artworks.
Based on blockchain, NFTs have their obvious benefits; they’re tamper-proof, open, transparent, and traceable — but they’re also unique. Their inherent properties as collectibles are what allow them to be linked to the art world in the first place; but they can also map physical objects such as property, cars, and even virtual assets. An example of the space in which these physical objects…
Building Reliable Decentralized Dual Storage for the Metaverse & NFTs
For a long time, the idea of blockchain within the general public has been dominated by cryptocurrencies and their data has been primarily stored on chain. The advent and sharp rise in popularity of the Metaverse & NFTs however has changed the landscape, introducing significant challenges in terms of data storage.
Differing from cryptocurrencies, the Metaverse & NFTs data adds and liveliness to the blockchain while requires huge capacity for its storage. …
Decentralized storage has the potential to be the next killer application of decentralized finance and blockchain technology, with dStorage systems providing key alternatives to more centralized storage systems run by major corporations like Apple and Amazon.
While the technology and its usage is becoming more popular by the day, MEMO noticed key problems with existing technology before deciding to enter the market.
With that being said, MEMO’s decentralized storage systems have some major advantages on the competition, in particular its capability of storing vast amounts of data, via its usage of edge devices.
In order to accelerate the growth of…
Decentralized storage (dStorage) has the potential to make the use of blockchain mainstream, to push it to heights that it has never seen before.
Currently billions of people are using cloud storage systems around the world, so the demand for storage systems is there. However, the most used among these are centralized storage systems, which come with their own set of downsides.
For example, most major centralized storage systems like iCloud and Dropbox have suffered from storage breaches over the past few years. …
Data is the new gold. Every time you open a website, a little box pops up on your screen which requests you to accept cookies, essentially giving away valuable data about your user habits. When you download a new app, another little box pops up asking to use your location information.
It’s a fundamental fact that data is incredibly valuable in today’s society, as it helps companies and governments make decisions around how to market their products, how to protect citizens and just the general make-up of modern societies.
On the one hand, consider traditional third party cloud storage systems…