Decentralized Storage: A Primer – Commissioned by W3BCLOUD
Digital storage has come a long way since the early 1900s.
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Storj (STORJ) is an Ethereum token that powers a decentralized cloud storage network for developers called Storj DCS (Decentralized Cloud Storage). After a customer uploads a file to Storj DCS, pieces of each file are distributed to a global network of independent nodes. When someone requests the file, it is then recompiled securely and made available for download. This means that anyone can store files on Storj DCS without having to trust a centralized data center. Developers can purchase cloud storage services with STORJ. Network participants earn STORJ in return for providing unused hard drive space and bandwidth to the network.
The price of Storj has fallen by 10.50% in the past 7 days. The price increased by 8.07% in the last 24 hours. In just the past hour, the price shrunk by 0.27%. The current price is $0.6728 per STORJ. Storj is 82.79% below the all time high of $3.91.
The current circulating supply is 397,621,911.925 STORJ.
Storj was mentioned in 202 out of 1,489,422 social media posts on Twitter and Reddit on Jul 03, 2022. 271 unique individuals are talking about Storj and it is ranked #360 in most mentions and activity from collected posts.
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