Market Data & Token Stats
| Fully Diluted Valuation | $42.72M |
|---|---|
| 24H Trading Volume | $3.66M |
| 24H Low / High | $0.09986 / $0.1017 |
| Circulating Supply | 143.79M |
| Total Supply | 425.00M |
| Max Supply | ∞ |
Key Project Information
| Categories | DePIN 4 more |
|---|---|
| Founder | Shawn Wilkinson 1 more |
| Website | storj.io Whitepaper |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Arkm 4 more |
| Contracts |
0xb64....ab8ac
2 more
|
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$storj Markets
| Name | Pair | OG Score |
|---|
About Storj
Revolutionizing Cloud Storage: The Storj (STORJ) Ecosystem
Storj, a decentralized cloud storage provider, is reshaping the landscape of data storage with its globally distributed cloud object storage protocol. Launched in 2014 by Shawn Wilkinson and further developed by Storj Labs, the platform prioritizes security, performance and cost-efficiency.
Decentralized Architecture
Storj employs a decentralized storage technology that encrypts and divides data into pieces, distributing them across a network of thousands of nodes globally. This not only safeguards against attacks but also enhances reliability and improves download/upload speeds. Storj's compatibility with the S3 standard allows seamless integration with existing tools and systems.
The STORJ Token
At the core of the Storj network is the STORJ token, facilitating value transfer at scale and aligning with the broader goals of immutability, security and third-party verifiability. Users are incentivized to pay with STORJ tokens, receiving bonuses on deposits and further reducing their cloud storage bills.
Tardigrade
Storj Labs operates Tardigrade, a developer tool positioned as a robust alternative to major cloud providers in terms of durability, performance and security (S3, Google, Microsoft). Through the Tardigrade Open Source Partner Program, open-source applications enabling users to store data on Tardigrade via connectors earn a percentage of user-generated revenue.
Decentralized Model and Incentives
Storj's decentralized model ensures data availability and security. Files are divided into encrypted pieces, making unauthorized access challenging. Users can rent out their unused hard drive space, earning STORJ tokens as compensation and reducing storage costs. This model, powered by blockchain technology, lowers the risk of data breaches and eliminates a single point of failure.
History and Leadership
Founded by Shawn Wilkinson, Storj was conceived to harness global unused storage capacity and create a decentralized storage ecosystem. The current version, V3, launched in 2019. Ben Golub now serves as CEO, with Wilkinson as Chief Strategy Officer and John Quinn as Chief Revenue Officer.
Unique Features
Storj stands out as a decentralized cloud storage network, utilizing a network of independent computers rather than centralized data centers. This distributed approach enables cost-effective storage solutions and anyone with spare terabytes can become a node. Storj raised significant funding through a public crowd-sale and subsequent token sale.
Advantages and Future Developments
Storj offers a unique protocol where users share data without third-party involvement, ensuring censorship-resistant and secure storage. The use of client-side encryption and decentralized storage enhances data security, making it resistant to tampering and unauthorized access. Future developments include zkSync Era support and enhancements for STORJ token payments.
In conclusion, Storj is at the forefront of transforming cloud storage, providing users with a decentralized, secure and cost-effective alternative. With its innovative approach and commitment to user data ownership, Storj continues to shape the future of decentralized cloud storage.
What is unique about Storj (STORJ)?
Storj revolutionizes cloud storage with its decentralized model, utilizing a network of independent computers globally. This approach ensures secure, cost-effective storage solutions with no single point of failure, setting it apart from traditional cloud storage providers.
Who are the founders of Storj (STORJ)?
Storj was founded in 2014 by Shawn Wilkinson, a visionary software developer based in Atlanta and later developed by Storj Labs. Wilkinson, along with co-founder John Quinn, conceptualized the platform to leverage blockchain technology for creating a decentralized cloud storage ecosystem.
Who are the backers/investors of Storj (STORJ)?
Storj raised substantial funding through a public crowd-sale, generating 910 bitcoins (approximately $460,000) in 2014. Additionally, the project secured $3 million in a seed funding round and raised $30 million through a token sale in the same year.
What is the consensus mechanism of Storj (STORJ)?
Storj (STORJ) does not operate on a traditional blockchain with a consensus mechanism. Instead, it utilizes a decentralized network of nodes for storage transactions, creating contracts between data owners and farmers. The network ensures data security through client-side encryption and is resistant to censorship and unauthorized access.
Where can I buy Storj (STORJ)?
You can buy Storj (STORJ) on Binance, Coinbase, OKX, Gate.ioMEXC cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Storj Official Website, Storj Whitepaper, Storj GitHub Repository and Storj X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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