Memo Labs and Harmony public chain reached a strategic cooperation
Recently, Memo Labs and Harmony have reached a strategic cooperation. Memo Labs will provide Harmony with safe and reliable decentralized storage services. Together, both sides will promote ecological prosperity.The first rollout of this decentralized storage service will involve a daily snapshot of all shards of the Harmony’s blockchain database, made publicly available to node operators, developers and technology enthusiasts. This is the first third-party initiative on the Harmony ecosystem to enable a fast and reliable restoration of the chain to help decentralize Harmony further.
Security and efficiency on the blockchain have long been a difficult tradeoff. Ethereum’s high security yet low efficiency has become a major pain point. Harmony is a high-performance blockchain that resolves the dilemma that security and efficiency cannot coexist. Fragment transactions and effective equity proof mechanism (EPoS) can ensure the efficiency and security of on-chain transactions. The high performance enables Harmony’s ecology to thrive rapidly.
This time Memo Labs and Harmony have reached a strategic cooperation. The MEMO decentralized cloud storage protocol developed by Memo Labs will provide a comprehensive and secure storage guarantee for transactions and data on Harmony and its ecosystem. MEMO has made technological breakthroughs on blockchain cloud storage with a new architecture and multiple innovations. It has become a rising star in decentralized storage with its safety, reliability, high availability and high scalability. With this cooperation, MEMO will provide Harmony with a more stable storage barrier, and the two parties will work together to promote ecological prosperity.
About Harmony
Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Our secure bridges offer cross-chain transfers with Ethereum, Binance and 3 other chains.
Build on Harmony, bridge to all chains. We are an open platform for your assets, collectibles, identity and governance. Come harmony.one
About Memo Labs
Memo Labs is a laboratory focusing on researching and scaling decentralized cloud storage technology applications. Our mission is to build a reliable infrastructure for Web3.0 and develop robust decentralized storage and application tools.
MEMO is a blockchain-based decentralized cloud storage protocol developed by Memo Labs. To achieve high scalability and availability, MEMO has vastly innovated data layering, verification, and fault tolerance and recover mechanisms. MEMO’s vision is to perpetuate our information and data storage.
