Data are increasing on daily bases and the population of the world keep growing rapidly and also companies and nations are developing and much data are produce leading to big data that is combersome to store on the small hard drive or on paper.this make the introduction of the cloud storage grow simultanously along side the increase in big data management.most of these recent data are stored in cloud to avoid data stored on paper be damage Because of cloud simplicity everyone is moving data and application software to cloud data centers. although despite the these safe act of storing data in cloud there are still challenges companies, individual, and small medium enterprise face . some of the challeges are discussed below
Data breaches: If any attack is successful on data entity will leads to data breach and takes an unauthorized access to data of all cloud users
Data theft: there are lots deep web hackers are stealing data for criminal purposes which have cripple many organization and individuals by losing their privacy.
Unavailability of cloud data.
Insecure APIs: Most Cloud service providers care less about the security of their APIs which is a big threat to data management.
Encryption most organizations and individual depend on cloud provider for ecryption of their sensitive data which make the service provide to have full control of their private keys which make the them have acces to these data a their confort zone.
MEMORITY address all this challenges by using the blockchain technology to store data in the cloud with zero risk.
Memority is cryptocurrency platform built on the blockchain to encrypt valuable data storage in the cloud. Memority create a user friendly ecosystem by collecting sensitive data .the platform includes a collection of self-governing repositories from around he across the nation of the world, which are based on computers of users who have provided a part of the memory of their hard drives for file storage.
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.
Memority has its own token called the MMR token. This token is built under the Ethereum smart contract to meet the demand of the running of the memority platform.
Benefit of Memority
Data storage are highly encrypt with high secure measures within the Memority platform.
Users of the Memority platform will be able to provide disk space for data storage for other interested users and
simultaneously receive MMR token.
Third party will be able to run their ideas and vision of their own developed applications on the memority platform
and as such receive a MMR tokens for doing utilizes the robust Memority platform.
Miner will be able to receive rewards in the form of MMR tokens for supporting the working capacity of the
blockchain implementing their authority.
Data owner have the privilege to host data storage for different users.
Data are protested from forgery and cannot be tamper with.
Data storage are decentralize and not control by any centralize algorithms.
How the Memority Platform Works?
Data owner will download the application.
Files are uploaded to the download application.
The uploaded file will be encrypt with a private 128-bit with respect to a private keys.
Amount of Files copies are selected by the data owners.
The minimum amount of weeks to store data is 2weeks and this services is paid for by platform token called the
MMR token that is reserve in the user’s wallet.
The data owner can also become a hoster to compensate the cost of storing his files.
Major Reason Why You Need Memority For Cloud Data Storage Compare To Others
The table below explain why you need the memority platform to store your data in the cloud.
Memority Tokenomy
Token: MMR token
Total supply: 1,500,000,000
Token price: 0.1 USD
Soft cap: 5,000,000 USD
Hard cap: 85,500,000 USD
Accepted payment for purchase of token: Ethereum Bitcoin, BitcoinCash, Litcoin MasterCard, Visa Card.
Token Distribution
Memority Partners
For more information about the memority project and update please visit the below links
https://memority.io
https://t.me/memority
https://t.me/memority_news
https://twitter.com/frvrty
https://www.facebook.com/mmority/
https://medium.com/@memority
https://github.com/Memority/memority
https://bitcointalk.org/index.php?topic=3952669
Author Detail's
Bitcointalk username: wizardcrypto
Bitcointalk URL Profile: https://bitcointalk.org/index.php?action=profile;u=2312222
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