Storj is a decentralized cloud storage platform that leverages blockchain technology to provide secure and cost-effective storage solutions. It operates on a decentralized network of computers, creating a distributed storage system.
Users can rent out their unused hard drive space and, in return, earn STORJ tokens as compensation. These tokens can also be used to pay for storage space on the network.
Storj uses encryption to ensure data remains private and secure. Files are divided into smaller pieces and distributed across multiple nodes, making it challenging for unauthorized access.
Powered by blockchain technology, Storj aims to offer storage solutions at a lower cost compared to traditional cloud storage providers, making it appealing for businesses and individuals looking to reduce their storage expenses. Moreover, its decentralized nature means there is no single point of failure, enhancing data reliability and availability.
STORJ is the native token of the Storj platform. It is used within the network for payments and incentives, facilitating the functioning of the decentralized storage ecosystem.
