What is Storj (STORJ)?
Storj (STORJ) is cryptocurrency and a network which offers decentralized cloud storage network where users can buy and rent cloud storage space from other users. It is the first decentralized, end-to-end encrypted cloud storage that uses blockchain technology and cryptography to secure your files.
Storj (STORJ): History
STORJ is a cryptocurrency and digital payment system and is also a blockchain-based digital storage and data retrieval method currently using the Ethereum system. In April 2016, Storj Labs officially announced the beta release of their cloud platform which will allow users to store data on a decentralized network? The Beta is only accessible through an invite system and will be available publicly after the platform’s initial testing phase. In July 2016, Counterparty, the technology for decentralized financial tools on the Bitcoin blockchain, and Storj have teamed up and combined resources to develop payment channel technology for use on the Counterparty network.
How does Storj (STORJ) work?
Storj organizes a shared community of “farmers.” These are users who rent out their spare hard drive space and bandwidth to customers. All these users are connected over a peer-to-peer network. Storj claims this network “is orders of magnitude more secure, up to 10x faster and 50 percent less expensive than traditional datacenter-based cloud storage solutions.”The Storj system enables users to store data in a secure and decentralized manner. Datacenters serve as the hub of cloud storage capabilities for cloud giants like AWS, Microsoft Azure, and Dropbox. But data centers come with a high price tag for developers, providers, and users.
How to buy Storj (STORJ)?
The users have to follow three important steps to coin are Setting up a Storj wallet, buying Ethereum and then exchanging Ethereum for Storj. The most convenient wallet option for storing your Storj coins- provided by MyEtherWallet which can store any coin on the Ethereum blockchain, including Storj. Then in exchange, the users can trade for your coin using the purchased coin like Ethereum or Bitcoin. Exchanges like Coinbase or Binance will help you to get the coi9n.
- Sign up for Coinbase and Binance.
- Buy Ethereum from Coinbase.
- Transfer Ethereum to Binance.
- Trade Ethereum for STORJ.
Storj (STORJ) price prediction 2018
STORJ can be a profitable investment option. Storj price equal to 0.919 USD at 2018-02-09. If you buy Storj for 100 dollars today, you will get a total of 108.778 STORJ. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-03 is 14.418 US Dollars. With a 5-year investment, the revenue is expected to be around +1468.35%. Your current $100 investment may be up to $1568.35 in 2022. Storj price today $0.924809 and the market cap value is $123,393,096. The volume is marked as $15,334,400, and the current supply is 133,425,493 STORJ.