Detailed Explanation of How MEMO Promotes DePIN to a New Level
1. Background
DePIN infrastructure is the core of the technical architecture upgrade in MEMO’s strategy, and it is also the decentralized and efficient development path that the MEMO team has focused on exploring for many years.
Unlike blockchain use cases for on-chain applications such as DeFi, NFT, and GameFi , DePIN must interact with smart devices in the real world that generate a large amount of data. The resulting large number of expansion layers of the DePIN technology stack may be difficult for a single team to develop in a holistic manner, and this complexity sets a high entry barrier for builders to try innovative ideas in DePIN .
DePIN infrastructure implemented by MEMO provides a technology stack that allows projects to build technology suitable for specific stages and personalized needs. The core of MEMO is to develop advanced solutions for the key sectors of DePIN , which mainly focus on data protocols, data availability layers, hardware, data middleware, and off-chain computing .
2. MEFS Protocol
MEFS is the data storage protocol of MEMO and the core of MEMO development. The storage layer, trust layer and computing layer are all based on it.
Different from one-to-many centralized storage, MEFS can achieve data center-free, many-to-many storage operations. Smart contracts are stored in the blockchain, and a series of key operations such as uploading storage data, matching storage nodes, normal operation of the system, and operation of the penalty mechanism are all controlled by smart contracts.
The perfect operation of MEFS mainly involves three roles, namely storage demanders, network builders and verifiers. Storage demanders are the providers of data in MEFS, verifiers mainly provide information intermediary and management functions, and verify builders, while builders are DePIN The most core role in the interaction , providing computing, storage and other services for the MEMO infrastructure layer through its real-world devices.
3. Data Availability Layer
DePIN is to have a unified and trusted layer. MEMO has built a data availability layer ( Meeda ) for this purpose, which is a key link in the DePIN system. It enables the public chain to share the security of its proof of stake to the infrastructure layer to gain security and trust. L1 and Meeda jointly serve as the trust anchor and unchangeable ledger for all activities in the infrastructure layer, dApp and L2 layers. Validators can get incentives by re-staking their proof of stake ( PoS ) security to the infrastructure layer and DePIN projects, and provide security for the project.
In simple terms, the participants of Meeda are mainly infrastructure builders, stakers and validators. Builders can provide off-chain computing , data storage and other services, validators provide nodes to run these infrastructure layers and provide services for DePIN projects, and stakers can obtain incentive benefits for the above services by entrusting their assets to validators.
Meeda ‘s operating mechanism has many similarities with Eigenlayer , but their technical implementation solutions and structures are different. As a trust layer natively integrated with the DePIN modular architecture, the DePIN project is more practical in terms of infrastructure service needs, which also means that the incentives provided by Meeda will be richer.
4. Off-chain Computing
Unlike other purely chain-based ecosystems, extracting, calculating and verifying off-chain data is a very core part of the DePIN project.
MEMO has a decentralized off-chain computing network consisting of nodes that perform verifiable computations. It is able to compress large amounts of off-chain data into verifiable data, thereby triggering on-chain transactions. The main components include sovereign devices, data availability layer, decentralized storage network, decentralized aggregation network, and Layer 1 network.
In actual development, different projects have different requirements for proof mechanisms. MEMO can accommodate a variety of proof mechanisms through a carefully designed middleware layer to achieve verifiable computing of DePIN applications, including zero-knowledge (ZKP) proof, trusted execution environment (TEE) proof, secure multi-party computing (SMPC) proof mechanism, etc.
Developers can choose a more efficient and low-cost way to achieve the needs of off-chain computing as needed . With the support of off-chain computing , the dynamic data of thousands of DePIN networks can be uploaded to the chain.
5. Data MiddleWare
MEMO’s data middleware network is a bridge for interaction between the infrastructure layer and real-world data. It is not only the key to reading off-chain and other L1 data, but also the core mechanism for off-chain computing and data storage.
Middleware technology allows seamless data and asset transfer between different blockchains, greatly expanding the interoperability and flexibility of the DePIN infrastructure.
Through a series of complex protocols and algorithms, the security, efficiency and atomicity of cross-chain transactions are guaranteed . In addition, the middleware also supports the governance of decentralized autonomous organizations (DAOs), allowing community members to participate in the decision-making process of the network, promoting the democratization and decentralization of the entire infrastructure layer.
6. The Future of DePIN: Towards AI Civilization
In future planning, MEMO has envisioned a highway leading to the trillion-dollar market of DePIN . As a decentralized public infrastructure, DePIN has a development potential that is even higher than decentralized financial infrastructure. In the future, it will become one of the most important directions in the development of Web3 technology and spirit. The trillion-dollar market value will not be the end of DePIN , but it may become the starting point of a higher-dimensional development, which is artificial intelligence and AI civilization.
We have been evolving and developing in the alternation of quantitative and qualitative changes, and MEMO has made structural preparations for the accumulation of massive amounts of data for the advent of an intelligent society. The future of MEMO is to be able to collect, verifiably process and analyze a large amount of real-world real-time data, form a more efficient data processing system, and ultimately achieve super AI, which will completely change the development and decision-making process of AI.
In the future, MEMO aims to become the largest decentralized hub for devices and data, with tens of thousands of DePIN networks connecting hundreds of millions of devices. These aggregated data will become the basis for cultivating and training the most advanced AI brains, bringing unquantifiable data value to the new world.
