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1  Alternate cryptocurrencies / Service Announcements (Altcoins) / Memolabs.org -- MEMO INTRODUCTION on: February 20, 2022, 08:49:42 AM
MEMO INTRODUCTION
 
【Project in One Sentence】
MEMO is a new-gen blockchain decentralized cloud storage protocol that organizes global edge storage nodes to provide users with safe, reliable and highly available storage services.

【Introduction】 
MEMO is a new-gen blockchain decentralized cloud storage protocol. The mission of MEMO is to build a reliable storage infrastructure for the Web3 era. Through the innovation of technology architecture, unique verification mechanism, and leading data storage technology, MEMO is able to provide Metaverse, NFT, and dApps with reliable and secure storage services and also provide on-chain data protection for blockchain.

【Key highlights】
(1)Innovative architecture design
To maximize blockchain security and reliability in alignment with scalability and cost-effectiveness, MEMO only allows on-chain storage of most critical and stable data (e.g. system role profiles) and off-chain storage of non-critical information and user data (e.g. address mapping between users and data) to reduce burdens brought by on-chain transactions and storage.
(2)Smart contract settlement
Unlike the common block generation incentive storage, MEMO uses smart contracts to record transactions and settlements. In a peer-to-peer environment, MEMO deploys on-chain smart contract information and automates operations to minimize the reliance on the intermediary credibility and maintain decentralization through effective storage computing and reduced energy consumption.
(3)Unique public verification mechanism
MEMO has developed a public verification method that can effectively reduce communication overheads and computing costs of verifying the proof. Public key holders can verify proofs in one second and generate certifications in seconds. The communication overheads can be significantly reduced through proofs compression by compressing proofs.
(4)Multi-level fault tolerance
Based on data volume and characteristics, MEFS adopts a fault-tolerant method that combines two fault-tolerant methods: multiple copies and erasure codes. The former is used for smaller metadata, whereas the latter is used by default for bigger data. Our Users can choose from the two options. This flexible multi-level fault tolerance mechanism can enhance space utilization and minimize system space as well as ensure our user autonomy.
(5) Original data repair mechanism
Our data repair mechanism MEFS is powered by our proprietary Risk-Aware Failure Identification (RAFI) technology on three dimensions: repair parallelism, volume, and timing. Our RAFI technology optimizes classification and confirmation strategy can considerably reduce recovery time by promptly identifying at-risk data for improved security and reliability.

About MEMO:
【MEMO Testnet】
https://docs.memolabs.org/testnet/start-memo/user/as-the-user
https://docs.memolabs.org/testnet/start-memo/provider/as-the-provider
 
【Core Technology】
1、MEMO Original Data Recovery Strategy: Risk-Aware Failure Identification (RAFI)
https://medium.com/memolabs/the-risk-aware-failure-identification-rafi-strategy-of-memo-decentralized-cloud-storage-system-6c5990ec8cb3
 
2、Build an Autonomous Storage System: Role Design in Memoriae
https://memolabs.medium.com/build-an-autonomous-storage-system-role-design-in-memoriae-f724c405ddc
 
3、Multilevel Fault-tolerant Mechanism Design for MEMO Decentralized Cloud Storage System
https://memolabs.medium.com/multilevel-fault-tolerant-mechanism-design-for-memo-decentralized-cloud-storage-system-f3c585eb401d
 
【NFT Storage Related】
1、Metaverse & NFT Security Should Never Be Ignored
https://medium.com/memolabs/metaverse-nft-security-should-never-be-ignored-953a6609177f
 
2、How do we solve the data storage needs of the ever-expanding Metaverse?
https://medium.com/memolabs/how-do-we-solve-the-data-storage-needs-of-the-ever-expanding-metaverse-5c025ccda395
 
3、Learn about Metastorage in Three Minutes:
https://medium.com/memolabs/learn-about-metastorage-in-three-minutes-e63baae45293
 
【Brief Analysis on Different Decentralized Storage Projects】
1、Memo vs Filecoin: Brief Analysis on Decentralized Storage Projects
https://medium.com/memolabs/memo-vs-filecoin-brief-analysis-on-decentralized-storage-projects-3058ff04023b
 
2、Memo vs Arweave: Decentralized Storage Competitor Analysis
https://medium.com/memolabs/memo-vs-arweave-decentralized-storage-competitor-analysis-a8aa368004a1
 
【Award-winning Materials】
Memo received The Gold Creative Award for the Best Distributed Storage Technology at 2021 World Blockchain Technology and Application Summit
https://medium.com/memolabs/memo-received-the-gold-creative-award-for-the-best-distributed-storage-technology-at-2021-world-79b4c5bca654
 
【Overseas reports】
https://www.coinspeaker.com/build-an-autonomous-storage-system-role-design-in-memoriae/
https://thefinancialcapital.com/news/build-an-autonomous-storage-system-role-design-in-memoriae/0325931
 
【Youtube】
https://www.youtube.com/watch?v=ddYXY_ZOTSk
https://www.youtube.com/watch?v=yCH_87m6nkY
https://www.youtube.com/watch?v=Q4YJi3rbNns

【Basic info】
 
Website:http://memolabs.org/
Medium:https://memolabs.medium.com/
Twitter:https://twitter.com/Memo_Labs
Telegram:http://t.me/memolabsio
Discord:http://discord.gg/YG4Ydv2E7X
Contact:  contact@memolabs.io

Github: https://github.com/memoio



Follow us on Social Media for latest updates

Telegram: https://t.me/memolabsio

Twitter: https://twitter.com/Memo_Labs

Facebook: https://facebook.com/memolabs.org/

Medium: https://memolabs.medium.com/

Reddit: https://www.reddit.com/r/Memolabs/

Github: https://github.com/memoio/

Discord: https://discord.gg/aVBrrwMbrw

YouTube: https://www.youtube.com/channel/UCv596bF_KxcoxAKp0AOhkLA

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