STORJ is a growing token that has seen a lot of growth recently. The STORJ blockchain provides a decentralized cloud storage platform for users to store their data safely. STORJ’s reserving technique is simple. They keep their client’s data on the user’s hard disk who installs the app. As a result, they provide a simple storage option without investing a lot of money in hardware.
The STORJ coin rewards nodes that provide resources and help secure the network. It can also be used to pay for commercial storage services.
Here’s a quick rundown of the Storj coin and a price prediction for its worth in coming years.
Storj (STORJ)
What Is Storj Cryptocurrency?
Storj (STORJ) is an Ethereum token founded by Shawn Wilkinson in May 2014. Storj powers a decentralized cloud storage network for developers called Storj DCS (Decentralized Cloud Storage). Developers can buy cloud storage services with STORJ. In exchange for giving unused hard drive space and bandwidth to the network, network participants receive STORJ.
To store data over a peer-to-peer network, the Storj network uses file sharing, encryption, and a blockchain-based hash table. The network’s primary goal is to make cloud file storage more private, faster, and less expensive. Storj is another platform that gives its users a decentralized, open-source environment to store their data with complete protection and privacy.
Furthermore, Storj is said to provide an alternative to centralized cloud storage, providing users with a second option other than Amazon cloud services and Google cloud, for example, while also allowing users to rent and use redundant disk space in a completely decentralized manner, thanks to peer-to-peer servicing.