Decentralized Storage System is essential for METAVERSE/WEB 3.0

Decentralized Storage System is essential for METAVERSE/WEB 3.0

The internet is arguably the most important technology revolution in the history of humankind. In the mid-1990s, the World Wide Web made its way into our living rooms, and it has since extended to practically every room in every house in the world in some way. The internet has gone through two separate iterations, Web 1.0 and Web 2.0, but now around the next generation of the internet like web 3.0 and metaverse are the hottest topic under discussion. what precisely are Web 3.0 and metaverse? It is not an easy task to explain, because lots of research has been done but still looks like imagination.

Web 3.0: The internet of tomorrow

Tim Berners-Lee, the inventor of the World Wide Web, dubbed Web 3.0 the Semantic Web, to create a more autonomous, intelligent, and open internet. Data will be interconnected in a decentralized form, which would be a big leap ahead of our present generation of the internet (Web 2.0), where data is largely housed in centralized repositories. Users and machines will be able to engage with data as well. However, programs must be capable of understanding information both conceptually and contextually for this to happen. With this in mind, the semantic web and artificial intelligence are the two cornerstones of Web 3.0. there will be more advanced futures in web 3.0 which are lacking in web 2.0 like:

Decentralization: This is a fundamental principle of Web 3.0. In Web 2.0, computers search for information via the HTTP protocol in the form of unique web addresses, which are stored in a fixed location, usually on a single server. Because Web 3.0 allows information to be retrieved based on its content, it can be kept in several locations at the same time, making it decentralized. This will deconstruct the vast databases currently maintained by internet behemoths like Facebook (now Meta) and Google, preventing undue enrichment by giving users more authority.

Semantic web: One of the key elements of Web 3.0 is the “semantic web.”  The semantic web will aid in teaching the computer what the data means, allowing artificial intelligence to develop that can make use of the data. The primary concept is to build a knowledge spiderweb throughout the internet that will aid in understanding the meaning of words and generating, sharing, and connecting content through search and analysis.

3D Graphics: Web 3.0 will transform the internet's future as it evolves from a simple two-dimensional web to a more realistic three-dimensional cyberworld. Web 3.0 websites and services, such as online games, e-commerce, and the real estate market, make considerable use of three-dimensional design.

Ubiquitous: Ubiquitous refers to the concept of existing or being present in multiple places at the same time, i.e., omnipresence. Web 3.0 simply takes this a step further by making the internet available to anybody, at any time, everywhere. Because IoT (Internet of Things) technology will bring forth a plethora of new sorts of smart gadgets, internet-connected devices will no longer be concentrated on PCs and smartphones as they were in Web 2.0.

The Metaverse: A virtual world

 The metaverse is described as an internet 3.0, a place where people can-do real-life things like work out, meet with colleagues or take a class but all online and in virtual reality. In his 1992 science fiction novel "Snow Crash," author Neal Stephenson is credited with coining the term "metaverse," in which he imagined life-like avatars meeting in realistic 3D buildings and other virtual reality scenarios. Specifically, the suffix meta can signify "behind or beyond," or even "transformative," among other things (like metamorphosis). The verse part of the name comes from the word "universe". The Facebook owner Zuckerberg has been bullish on the metaverse, believing it could replace the internet as we know it. "The next platform and medium will be even more immersive and embodied internet where you’re in the experience, not just looking at it, and we call this the metaverse,". Because there is no one developer (or definition) of the metaverse, Facebook does not own it or bear sole responsibility for its development. Nonetheless, Facebook has already made a significant investment in the metaverse with its Oculus VR headsets, and it is developing AR glasses and wristband technology. To ensure that metaverse technology is developed responsibly, the business announced a $50 million investment in global research and program partners in September 2021. With its Microsoft Mesh platform, the software giant is building mixed and extended reality (XR) applications that integrate the real world with augmented reality and virtual reality. Microsoft showed off its intentions to add mixed-reality, including holograms and virtual avatars, to Microsoft Teams in 2022 earlier this month. Metaverse on Substrate (MOS) provides all the unique features and technologies that make Metaverse a unique platform as well as new modules, which will allow us to broaden our community. All our current features are listed as Entropy (Our Native Token), Smart Assets, Digital Identity, and Smart Contracts. There are so many other big companies which already started their projects for the metaverse world.

Data storage challenges in the metauniverse  

 One of the excellent options that Web 2.0 introduced to the globe is cloud storage. Individuals and businesses could now store considerably more and larger data than their gear could handle, and these files could be accessed from anywhere. Despite the benefits of cloud storage, the fact that all stored data is in the hands of a centralized company is a concern. This is because, no matter how secure the cloud storage centers are, it has a single point of failure. Because the data is held by a single entity, compromising that entity is all it takes to have access to massive volumes of sensitive data. The internet has drastically transformed how information and material are disseminated and utilized. With the democratization of knowledge has come increased government and private-sector control and censorship, which appears to be growing by the day. We have obtained access to this brave new virtual world in exchange for ownership and rights over the information we consume and share online, which can be manipulated, monetized, and even used against us without our agreement.

Decentralized data storage, in my opinion, is required because centralized solutions are too subject to external pressure and threats. Humanity cannot entrust all of its data and information to centralized systems. To avoid the disadvantages of centralization, we should consider data to be stored in a decentralized manner. A decentralized storage system operates on the concepts of open participation and free markets. This means that anyone can join the network, and data is copied across numerous nodes to avoid a single point of failure across the scattered network. Blockchain integration also allows for the natural inclusion of public-key cryptography. Before being stored with a host, data is normally encrypted, making it decipherable only by the rightful owner and any others with whom the owner has chosen to share it. This strategy can make these systems more resistant to censorship and manipulation, as well as render any data stolen in a hacker assault useless.

So many projects are working to develop a decentralized storage system to overcome the limitations of a centralized system and it will be also really convenient for the Metaverse/Web 3.0 world. I want to introduce one amazing project called MEMO, which will be the main tool of the next generation internet.

MEMO: storage tool for Metaverse/web 3.0

MEMO is a company dedicated to developing a new generation of storage technologies. This novel blockchain-based system organizes and manages a wide range of edge storage devices to deliver highly accessible data storage services to users all over the world. This organization values security and dependability for its consumers, and it is aiming to make it inexpensive for all types of customers. The fault-tolerant multilayer design of this platform provides a robust foundation for data integrity and reliability. MEMO has a hierarchical design that adapts to the characteristics of each type of data by combining multi-copy and code-correction technologies at the same time. Simply said, data is stored on a decentralized network across multiple locations by individuals or groups who are rewarded for joining, storing, and maintaining data accessible through decentralized cloud storage. The MEMO design allows the use of the edge devices of a single provider to suit a user's storage needs. The provider receives a percentage of the transaction fees earned from the user for using Memo lab’s service as income for leasing their storage space, opening up a whole new world of possibilities.

The main objectives of the MEMO are to provide secure, fast, reliable, and affordable services to the users. Data repair generated by node failures has a significant impact on data reliability, availability, and serviceability (RAS) in erasure-coded data centers. In comparison to the recovery phase of data restoration, which has been extensively researched and optimized, the failure identification step of data repair has received less attention. Furthermore, in a standard failure identification approach, all chunks have the same identification time threshold, resulting in a loss of opportunity to enhance the RAS further. MEMO has launched Risk-Aware Failure Identification (RAFI), which is aimed to address the reliability and security challenges that plague edge devices, as previously stated. The basic concept behind RAFI technology is to use varied confirmation times for failing data blocks in strips with various risk levels. It also gives high-risk strips with several failed data blocks a short failure confirmation time, while low-risk strips with a small number of failed data blocks get a long failure confirmation time.

MEMO storage automatically encrypts data, and the encryption key is retained solely by the user, ensuring that only they have access to their files. Additionally, partitioning ensures that no single person in possession of your data has access to all of them, providing an additional layer of security and protection. If we explore and examine decentralized blockchain applications, it appears that this is the next revolutionary technology in the web 3.0 era and virtual world.