- Total circulation
- 424,999,998 STORJ
- Circulation quantity
- 135,787,539 STORJ
Storj is a cloud storage platform that does not stop. Storj's platform allows users to store data in a secure and decentralized manner through encryption and a range of distributed applications. It uses block trading functions such as transaction ledgers, public/private key encryption and cryptographic hash functions for security. In addition, it will be cheaper (10x to 100x), faster and more secure than traditional cloud storage services. Storj is working hard to solve data security issues with the help of its own web application, MetaDisk and the client application DriveShare. It is a decentralized end-to-end encrypted cloud storage that uses blockchain technology and encryption to protect online files. You don't have to trust a company, or a vulnerable server, or someone else who has your information.
Storj's peer-to-peer cloud storage network with client-side encryption will allow users to transfer and share data without relying on third-party storage providers. Without central control will reduce most traditional data failures and outages, and greatly increase security, privacy and data control. Peer-to-peer networks are often not feasible for production storage systems because data availability is a popular feature, not a utility. We propose a solution in the form of a challenge response verification system and direct payment. In this way, we can periodically check the integrity of the data and provide rewards to the peers who maintain the data. We further propose a model to solve access and performance problems with a set of independent or federated nodes.
Storj is a protocol for creating distributed networks for forming and executing storage contracts between peers. The Storj protocol allows peers on the network to negotiate contracts, transfer data, verify the integrity and availability of remote data, retrieve data and pay for other nodes. Each peer is an autonomous agent that can perform these actions without significant human interaction.
Storjcoin X (SJCX) is the token "fuel" for the Storj network, which allows users to rent and purchase storage space through the DriveSahre app and MetaDisk.
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