MEMO–A Blockchain Based Decentralized Cloud Storage System to Outlast Human Civilization
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Description: If you are wondering how to store data permanently, you will have to learn about decentralized cloud storage (DCS) which is expected to achieve the longest lasting human data storage in history!
In nature, life has a cycle, and human beings as higher animals cannot break this natural law either, although for millions of years, humans have tried various methods to try to extend the limited life span of individuals as much as possible. But when we raise our eyes to a higher level, judging from the entire history of human development, human civilization can also be regarded as endless, as long as the entire species continues to exist. At the same time, as a kind of intelligent life form, human beings are not satisfied with the prolongation of life and the continuation of genes, because as you can see, they also hope to walk their footsteps all over the corners they can go and try to find the best and most secure way to store their large amounts of data for as long as possible — perhaps even forever, which seems that they can gain eternal life in another way. I have to say that this method is indeed very effective, because thanks to the spread of human civilization, human society has gradually developed from a primitive society to a more advanced one today.
Smart humans know the importance of long-term data storage in the process of continuous evolution, and also know how to use effective tools to store data for long term, so as to facilitate the spread of wisdom. The convenience and reliability of data storage have been greatly improved from the knotting notes in the ancient times to the various cloud storage products that have emerged widely now, but at the same time the consequent rise of storage costs can not be neglected. In addition, various data leakage accidents that have occurred frequently in recent years have also made people pay more attention to the security issues of the explosive growth of increasingly complex data. So, at this juncture, where will the storage of human data go?
“Data is a precious thing and will last longer than the systems themselves.”–Tim Berners-Lee, inventor of the World Wide Web
In order to solve the problems of high cost and insufficient security caused by the most widely used centralized storage on the market, and to make human data last as long as possible, maybe forever, decentralized cloud storage (DCS) has greatly attracted people’s interest and attention in recent years as people have always been seeking for the cheapest way to store their data. Since Memolabs was established in September 2017, it has been making continuous efforts to create a decentralized cloud storage system of high security and availability. After three years of concentrated research and development under various rigorous demonstrations and tests, the MEMO team finally officially launched the test network at the end of May this year and is currently in trial operation. Also, the recruitment plan for community volunteers is about to start, so everyone who wants to contribute to the MEMO community is welcome to join in!
The R&D team of MEMO is composed of world-renowned experts, engineers, and PhDs in the field of storage who possess multiple exclusive patents. The team members are currently distributed around the world, and they have many years of Internet and development experience in the blockchain industry.
In response to the increasing storage demand caused by the explosion of data worldwide, together with the exploration for permanent storage in value inheritance, Memolabs developed MEMO (short for Memoriae) to provide global users with a secure, reliable, and efficient large-scale decentralized cloud storage system, which can provide you with one of the best ways to store your large amounts of data.
In the segmented field of decentralized cloud storage, MEMO is not the first entrant. Around the core idea of decentralization, many existing DCS projects on the market have created their own consensus mechanism, verification mechanism, and data redundancy mechanism that can be used to ensure long-term data storage safety and efficiency. In 2000, Eric Brewer, a computer scientist at the University of California, Berkeley, proposed the CAP conjecture, which was later proved to be the impossible triangle of distributed computing systems. Distributed storage systems typically satisfy only two of the three requirements of consistency, availability, and partition tolerance.
However, MEMO uses a number of unique data repair technology patents and innovative data verification mechanisms to greatly optimize the current distributed storage system and find a perfect balance between the three requirements. MEMO also combines the decentralized characteristics of blockchain, starting with improved space utilization, data verification speed and data repair performance, and strives to provide a safe, reliable and efficient storage layer for Web 3.0.
“Decentralized consensus technology will reach the mainstream when products are built that both empower consumers to take control of their own data and also offer users great UXs.”–Nick Tomaino
MEMO is a new generation of large-scale decentralized cloud storage systems based on blockchain, which can organize global edge storage nodes to provide users with safe, reliable and efficient storage services, committed to serving as the most secure and cheapest way to store data. Its core advantages are detailed as follows:
1. The system is more user-friendly and can be expanded to ZB level
MEMO has innovated the data layering mechanism, only recording the most critical information on the blockchain, such as role information, smart contracts, etc., using management devices and edge storage devices to store user data and other information, which can shorten the data upload and download time. It saves on-chain response time, improves the cost-effectiveness of the entire storage system, and enables data storage scaling to achieve ZB level.
2. Verification is faster with ultra-high throughput
MEMO has designed a public verification method, which can effectively reduce the communication overhead of data verification and the calculation cost of proof verification. Excluding the data reading time, the generation of the proof can be completed within a few seconds, and the verification of proof can be completed within one second, greatly reducing the computing burden of the node, making the storage download time reach the second level.
3. Pioneering RAFI with higher repair performance
MEMO’s innovative data redundancy mechanism helps in reducing system burden and redundancy. Starting from the three aspects of repair parallelism, repair transfer volume, and repair timing, MEMO’s original RAFI (Risk-Aware Failure Identification) strategy can greatly shorten the data repair time by quickly discovering the data with a higher risk of loss, and improving the system’s safety and reliability.
According to Andreas Antonopoulos, “Gradually, decentralized trust will be accepted as a new and effective trust model. We have seen this evolution of understanding before–on the Internet.”
How can you store data forever? The decentralized and non-tamperable characteristics of the blockchain provide a viable path for the perpetuation of value. From the beginning of exploring the way of data storage, MEMO has determined its mission and vision–to make human data last forever!
MEMO’s test network is currently underway, so feel free to join.
MEMO community volunteer recruitment program will be launched soon, welcome to join us and work together with MEMO team to make human data eternal!
For more detailed information and related articles, please visit:
Official Website: http://memolabs.org
Company Name: Memolabs Limited
Address: Sea Meadow House Blackburne Highway P. O. Box 116 Road Town, Tortola
British Virgin Islands