The Snowflake storage layer is responsible for storing data in an optimized, compressed, columnar format. This includes micro-partitions, which are the fundamental storage units that contain the actual data stored in Snowflake. Additionally, persisted query results, which are the results of queries that have been materialized and stored for future use, are also kept within this layer. This design allows for efficient data retrieval and management within the Snowflake architecture1.
Reference:
[COF-C02] SnowPro Core Certification Exam Study Guide
Key Concepts & Architecture | Snowflake Documentation2

Data sharing in Snowflake allows for live, read-only access to data across different Snowflake accounts without the need to copy or transfer the data. One of the characteristics of data shares is the ability to use secure views. Secure views are used within data shares to restrict the access of shared data, ensuring that consumers can only see the data that the provider intends to share, thereby preserving privacy and security.
References:
* Snowflake Documentation: Understanding Secure Views in Data Sharing