Project Voldemort is a distributed key-value store inspired by Amazon Dynamo and Memcached. It was originally developed at LinkedIn to handle high volumes of data and queries in a scalable way across multiple servers. Voldemort uses consistent hashing to partition and replicate data, vector clocks to resolve concurrent write conflicts, and a layered architecture to provide flexibility. It prioritizes performance, availability, and simplicity over more complex consistency guarantees. LinkedIn uses multiple Voldemort clusters to power various real-time services and applications.