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WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN? by fabyflavour

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cryptocurrency · @fabyflavour ·
$2.72
WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?
Memority Blockchain
![IMG_3662.jpg](https://cdn.steemitimages.com/DQmXgN98NSv6YpWsLu52gS9ZidSQMuxpvoo2sUhYgxCrutS/IMG_3662.jpg)
Memority is a blockchain based platform for a completely decentralized, ultra- secure storage of valuable data on the blockchain which makes sure there is continued availability of a number of encrypted duplicates of data on various storage locations around the world.

The platform founded by Memority comprises of an assembly of repositories from various places in the world, which on the basis of computers of customers who have provided part of their memory for data storage. In order to achieve a high profile data protection, 10 duplicated are made for every one of the files stored. Just in case these duplicates are compromised, new duplicates of the original file are automatically generated for the new hosts.
Memority’s platform is designed with unique hash identifiers of the data which is stored in a blockchain database which makes it unmanageable to delete the files or to forge them. Memority also offers an incenting techniques which targets to connect as many regular computer users in the structure to make the most of the number of independent repositories.
![IMG_3642.jpg](https://cdn.steemitimages.com/DQmSgvjaE82vX5sJ5Lf1dSzZ4crsetFKYEtrKNkoo6TEwoZ/IMG_3642.jpg)
By the aid of its API, Memority permits third-party inventers to come up with desktop and online applications for decentralized encrypted data storage of different types of data. Developers are motivated by being prized with 5% of payments for every stored file that was uploaded using their application.

Why Memority?
During this era, the challenge that arises as a result of lack of reliable and convenient way data storage generates the need to have a decentralized and very secure platform for storing these data. Apart from its application in the financial field, Memority can also be used for long-term storage of secure data which is guarded from forging, deletion or unauthorized viewing. 
In order for Memority to achieve secure data storage, the files are automatically encrypted when they are loaded into the system by use of a private key which is kept by the owner alone. The data stored in the system can only be achieved by the use of these private key.
![IMG_3660.jpg](https://cdn.steemitimages.com/DQmT5HzkRQ9kVVBB1N2TDciah1hCstm5YQh2iwZwbEXdQkS/IMG_3660.jpg)
If you operate on centralized servers which are basically traditional data storage, then your files are exposed to threats of deletion, modification, and forgery because your files and those of fellow users are stored in one common place. Memority provides a solution to these problem by creating a storage system of independent sources in various places in the world comprising not only specialized hosting providers but also computers of regular users.
Another compelling reason for the establishment of the Memority’s platform is to address the risk that is associated with losing the data that has been stored. Mani centralized storages comprises of potentially inappropriate host computers that contain an increased risk of data loss, forging of the data stored and worse deletion. The Memority’s system is capable of storing several data which is set at a default of 10 duplicated copies on various storages.

The Memority’s platform constantly checks and restores several duplicates of each file by the aid of a centralized monitoring system which enhances provision of reliable protection from data loss. Failure to have the recovery options for stored data can cause a permanent data loss after turning off the computer on which the data was stored.

Initial Coin Offering (ICO)
![IMG_3663.jpg](https://cdn.steemitimages.com/DQmX6PnC1ckTsogB5QM8FEiHvhaa8tG7CMDmA1B2gwVtTZy/IMG_3663.jpg)
Memority’s platform intends to roll out its tokens sale starting on May 31, 1018. The ICO will be active for a period of one month. The company plans to end its token sale on June 30 2018 or alternatively earlier incase its target funding is achieved. The soft cap target is $ 5,000,000 USD while the hard cap target is $ 85,500,000 USD. Memority’s platform is based on ethereum tokens and individuals are required to use ethereum to buy the Memority’s tokens. The initial cost of the ICO token is set to be 0.1 USD

Team
![IMG_3648.jpg](https://cdn.steemitimages.com/DQmYVy4KzLWHzm8nBjK1hekVM57ALmeK6FmiQNa3Zu3BtvZ/IMG_3648.jpg)

For more info
website link:  https://memority.io/  
Telegram chat link: https://t.me/memority 
White Paper: https://memority.io/docs/whitepaper_memority.pdf

Blog by Faby Flavour
Steemit: @fabyflavour
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 586 others
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vote details (650)
@arcange · 
Congratulations @fabyflavour!
Your post was mentioned in the [Steemit Hit Parade for newcomers](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-newcomers-20180617) in the following category:

* Upvotes - Ranked 1 with 646 upvotes

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, consider to [vote for my witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=arcange&approve=1)!
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@fabyflavour · 
thank you @arcange for your recognition on this post.
You are one of the kindest human i have seen on steemit.
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@fabyflavour · 
Also can you please verify my account @arcange my application to get my account verified is still pending
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@arcange · 
Hello @fabyflavour,
I do not manage account verifications. You can contact @guiltyparties for that.
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@kimutai · (edited)
Memority is likely to make a great impact in data storage. Great article @fabyflavor
👍  
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@fabyflavour · 
Thanks Kimutai
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@rhinoboy11 · 
This is a good blog sir.
Looks like memory is bringing to life the storage best techniques that have been missing in this space. I like their project a lot
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@fabyflavour · 
thank you for your contribution. Memority team is working hard to bring to life a unique project
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@steemitboard · 
Congratulations @fabyflavour! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/firstpayout.png)](http://steemitboard.com/@fabyflavour) You got your First payout

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To support your work, I also upvoted your post!


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@fabyflavour · 
Thank you and i already voted for your witness big guy. You are doing a super amazing job helping us all.
properties (22)
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@steemitboard · 
Congratulations @fabyflavour! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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@steemitboard · 
Well done @fabyflavour! You successfully guessed the match result.

[![](https://steemitimages.com/70x70/http://steemitboard.com/events/wc2018/wc2018-12.png)](http://steemitboard.com/@fabyflavour)  Group Phase - Sweden vs South Korea
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@steemitboard · 
Well done @fabyflavour! You successfully guessed the match result.

[![](https://steemitimages.com/70x70/http://steemitboard.com/events/wc2018/wc2018-13.png)](http://steemitboard.com/@fabyflavour)  Group Phase - Belgium vs Panama
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@steemitboard · 
@fabyflavour, thank you for supporting @steemitboard as a witness.

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@fabyflavour · 
thank you @steemitboard
properties (22)
authorfabyflavour
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categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"users":["steemitboard"],"app":"steemit/0.1"}
created2018-06-19 02:20:54
last_update2018-06-19 02:20:54
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author_reputation1,261,873,862,690
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
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post_id61,299,919
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@steemitboard · 
Well done @fabyflavour! You successfully guessed the match result.

[![](https://steemitimages.com/70x70/http://steemitboard.com/events/wc2018/wc2018-27.png)](http://steemitboard.com/@fabyflavour)  Group Phase - Belgium vs Tunisia
<sub>_Click on the badge to view your Board of Honor._</sub>


**Do not miss the [last post](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-poland-vs-colombia) from @steemitboard!**
properties (22)
authorsteemitboard
permlinksteemitboard-notify-fabyflavour-20180623t181851000z
categorycryptocurrency
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2018-06-23 18:18:51
last_update2018-06-23 18:18:51
depth1
children1
last_payout2018-06-30 18:18:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
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body_length443
author_reputation38,975,615,169,260
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
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post_id61,945,078
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@fabyflavour · 
@Arcange Can you please help me with the past badges? I re applied again lastnight to steemitboardpool so i am missing most badges from 3rd day all the way to the 9th week.

Thank you in advance for the good work you have been doing
properties (22)
authorfabyflavour
permlinkre-steemitboard-steemitboard-notify-fabyflavour-20180623t225632080z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"users":["arcange"],"app":"steemit/0.1"}
created2018-06-23 22:56:33
last_update2018-06-23 22:56:33
depth2
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last_payout2018-06-30 22:56:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length232
author_reputation1,261,873,862,690
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
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post_id61,970,648
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@steemitboard · 
Well done @fabyflavour! You successfully guessed the match result.

[![](https://steemitimages.com/70x70/http://steemitboard.com/events/wc2018/wc2018-29.png)](http://steemitboard.com/@fabyflavour)  Group Phase - Germany vs Sweden
<sub>_Click on the badge to view your Board of Honor._</sub>


**Do not miss the [last post](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-results-of-day-10) from @steemitboard!**
properties (22)
authorsteemitboard
permlinksteemitboard-notify-fabyflavour-20180623t230944000z
categorycryptocurrency
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2018-06-23 23:09:42
last_update2018-06-23 23:09:42
depth1
children0
last_payout2018-06-30 23:09:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length441
author_reputation38,975,615,169,260
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id61,971,635
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@steemitboard · 
Well done @fabyflavour! You successfully guessed the match result.

[![](https://steemitimages.com/70x70/http://steemitboard.com/events/wc2018/wc2018-30.png)](http://steemitboard.com/@fabyflavour)  Group Phase - England vs Panama
<sub>_Click on the badge to view your Board of Honor._</sub>


**Do not miss the [last post](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-uruguay-vs-russia) from @steemitboard!**
properties (22)
authorsteemitboard
permlinksteemitboard-notify-fabyflavour-20180624t162811000z
categorycryptocurrency
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2018-06-24 16:28:09
last_update2018-06-24 16:28:09
depth1
children0
last_payout2018-07-01 16:28:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length441
author_reputation38,975,615,169,260
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id62,067,974
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@steemitboard · 
Well done @fabyflavour! You successfully guessed the match result.

[![](https://steemitimages.com/70x70/http://steemitboard.com/events/wc2018/wc2018-32.png)](http://steemitboard.com/@fabyflavour)  Group Phase - Poland vs Columbia
<sub>_Click on the badge to view your Board of Honor._</sub>


**Do not miss the [last post](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-results-of-day-11) from @steemitboard!**
properties (22)
authorsteemitboard
permlinksteemitboard-notify-fabyflavour-20180624t224917000z
categorycryptocurrency
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2018-06-24 22:49:15
last_update2018-06-24 22:49:15
depth1
children0
last_payout2018-07-01 22:49:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
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promoted0.000 HBD
body_length442
author_reputation38,975,615,169,260
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
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post_id62,108,515
net_rshares0
@wstanley226 · 
How does it compare with golem and siacoin.
👍  
properties (23)
authorwstanley226
permlinkre-fabyflavour-what-makes-memority-the-biggest-decentralized-secure-data-storage-on-blockchain-20180618t040755393z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-06-18 04:09:33
last_update2018-06-18 04:09:33
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last_payout2018-06-25 04:09:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
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body_length43
author_reputation5,595,167,764,231
root_title"WHAT MAKES MEMORITY THE BIGGEST DECENTRALIZED SECURE DATA STORAGE ON BLOCKCHAIN?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id61,175,167
net_rshares762,713,564
author_curate_reward""
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