Storj STORJ

$0.1390
Market Cap $ 18.881 MM (#146)
24h Volume $ 450.523 K
Chg. 24h: -1.24%
Algo. score 3.1/5  (#460)
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Storj News

People often ask how to earn the most STORJ tokens on the St...

People often ask how to earn the most STORJ tokens on the Storj network. It all comes down to reputation! Our lates… https://t.co/Wy7ruLMZUp

21 minutes ago

You should control the data you create. That’s a foundationa...

You should control the data you create. That’s a foundational principle of Storj and is shared by the @nextclouders… https://t.co/sTgPPpWiYE

3 hours ago

The Storj community Town Hall meeting today is shaping up to...

The Storj community Town Hall meeting today is shaping up to be our most-attended town hall yet! If you'd like to j… https://t.co/qrVUw9NJ5w

5 days ago

Decentralized File Storage: Five Projects To Replace The Cloud

Data generation is on overdrive, and consumer requirements are far outpacing the capacity of individual hard drives. Current estimates suggest that 2.5 quintillion bytes of data created every day, flooding out of numerous connected devices. Most cloud storage solutions rely on systems like Dropbox, Microsoft OneDrive, Google Drive, and Apple iCloud Drive. These platforms are highly centralized, with single points of failure that are highly susceptible to breaches. Thus, they undermine privacy, keep the prices of data storage high, and are prone to errors resulting in costly Internet outages down the line for users. Decentralized storage is now gaining traction as a secure solution. Starting with Interplanetary File Storage, several crypto projects are seeking new ways to secure user data. These are the main players in decentralized file storage: InterPlanetary File System The IPFS Protocol is a P2P (peer-to-peer) distribution protocol that attempts to “connect all computing devices with the same system of files,” just like the documents in your hard drive. Although similar to the Web, IPFS is more similar to a BitTorrent swarm, which exchanges objects with a GitHub repository. Unlike the web, data on IPFS has no single point of failure, and nodes don’t need to trust one another. IPFS in itself is becoming a primary subsystem of the internet, which could complement or even replace HTTP. The system combines ideas from previous P2P systems such as BitTorrent, Git, self-certified filesystems (SFS), and distributed hash tables into a single cohesive ecosystem, that distributes large data while allowing for writing and deploying applications. Since the data is content-addressed, nodes don’t need to trust each other. Instead, they connect, transfer, and store objects (i.e. files and data structures) in local storage. Here’s what happens when you add a file to the IPFS Protocol: Each data file is given a cryptographic hash, which functions as a unique fingerprint. IPFS removes duplications across the network and tracks the version history of each file. Each network node only stores what it is interested in, while indexing the information to help determine who is storing what. Anytime someone wants to look up a certain file, they ask the network to find nodes storing content associated with the file’s hash. However, IPFS is not free of limitations, and the lack of concrete incentives cause a barrier for long-term file storage. Several projects are seeking to overcome these problems by allowing users to pay for storage with cryptocurrency. Storj Storj is the market leader of decentralized storage with a community of about 20,000 users and 19,000 storage providers. The project is currently in public alpha, and costs $0.015 per gigabyte of storage per month, according to the website. In the Storj protocol, nodes are selected to host data based on ping time, throughput, and other criteria. Users will not have to choose a specific timeframe to store their files, as the data will remain there indefinitely until it is removed. The protocol utilizes sharding, encryption, and swarming models to split and recompile files. Currently, Storj is “payment agnostic” but uses the ERC-20 token STORJ to compensate storage providers. In the future, the platform says it will offer payments through other cryptocurrencies, fiat currencies, credit, or “even physical transfer of live goats.” SiaCoin When it comes to having a viable product, Sia is one of Storj’s top competitors. As of the time of writing, it costs $0.28 to store a terabyte of data for a month, with small fees for uploading and downloading data, as well as contract formation. Sia maintains storage through smart contracts. Each file is split into thirty encrypted segments, but can be rebuilt using only ten of these segments. Records in the Sia network are encrypted, in the same manner as those on Storj. Each host then promises to store data for a specific length of time, which can be cryptographically verified without exposing the data. The host is then compensated for every proof they submit, and penalized for missing proofs. Sia has its own blockchain, which supports the smart contracts that are used to send and manage files, as well as making storage proofs to be publicly available and verifiable. Therefore, it needs miners to support its blockchain and rewards them in SiaCoin. FileCoin FileCoin is a project from Protocol Labs, the same company that has successfully deployed IPFS. It’s widely known for launching one of the most successful ICOs, which raised over $200 million in token sales. It also has backing from players such as Kamal Ravikant and Andreessen Horowitz. With Filecoin, users are able to program how long they’d like to offer or provide services. The FileCoin data service does not rely on a single coordinator, but rather a client, storage miner, and retrieval miner. Clients pay to store and retrieve data, storage miners earn tokens b

6 days ago

Interested in #DApps, #Decentralization or #Blockchain? Chec...

Interested in #DApps, #Decentralization or #Blockchain? Check out this walkthrough on setting up a Storj V3 network… https://t.co/Qsx6lvAtPT

10 days ago

If you're curious about how bandwidth caps and #NetNeutralit...

If you're curious about how bandwidth caps and #NetNeutrality impact the Storj network, check out our blog about th… https://t.co/BgcPS3E4x2

12 days ago

Securing Your Most Valuable Asset: The Future Of Personal Data

In 2017, The Economist reported that the most valuable resource on the planet is data, yet we give it out for free every single day. This value is not lost on the companies that control data. Facebook’s scandal with Cambridge Analytica has shown just how lucrative this personal data is, and how frequent and dangerous the misuse of it can be. Sometimes it’s not even the third parties that are finding ways to profit. For example, a recent report in the Wall Street Journal found that Facebook sought to obtain financial data users were passing through to their banks on Messenger (e.g. chats with the banks’ Messenger bots). But the Cambridge Analytica scandal struck a particular chord in a way no other breach has, with Pew Research showing 42 percent of Facebook’s users are at least “taking a break” from the platform due to the data controversy. I believe the scandal has had a lasting impact for a number of reasons. First, Cambridge Analytica falsely used the pretense of “research” for this data that would later be politically “weaponized.” In addition, the use of psychographics - psychology-based information and data to influence millions of people to sway elections - was unprecedented and massively disturbing. Finally, the Cambridge Analytica scandal came as the culmination of many incidents in which major companies failed to keep our data secure. There was first the big Linkedin data breach, which was then dwarfed by the Equifax breach, where an estimated 142 million Americans lost their social security numbers and other personal identifiable information. Half of the people reading this right now have social security numbers that are traded on the dark web because of the Equifax breach. Overall, the number of data breaches per year more than doubled from 2015 to 2017. Clearly, conventional approaches for protecting user data are not working. GDPR: Right intention, wrong solution As a data scientist, I know it’s not a matter of if another breach occurs, but when. And just as Cambridge Analytica dwarfed Equifax before it, at least in terms of cultural and political influence, the next data breach will reveal our vulnerabilities in unprecedented and shocking new ways. So how can we safeguard, or at least better insulate, ourselves against such breaches in the future? One possible solution could be laws like those passed and implemented by the European Union - the General Data Protection Regulation (GDPR). GDPR, as it applies to all European businesses and all American businesses that have European data on their servers, basically gives consumers the right to both access and delete the data companies have stored on them. This is definitely a step in the right direction, but don’t get too excited. Legislation isn’t a magic wand that makes everyone’s data suddenly completely safe. It doesn’t even mean everyone is complying with the basic precepts of new regulations. A recent survey found that GDPR compliance was higher outside of Europe, and that 70 percent of companies failed to respond to individual requests for private data within 30 days. That’s assuming jurisdictions outside the EU, like the United States, even make an attempt at legislative redress. Any such consumer protection in the United States would face a much higher bar to passage, with major tech companies sure to lobby against more laws that could lead to diminished user data rewards and costly compliance. At the end of the day, legislation is never going to fully fix the true underlying dynamic: as long as there is more value in using or abusing this data, whether by bad actors like hackers or Cambridge Analytica, or by large companies themselves, no real change will take place. In terms of consumer recourse in the wake of Cambridge Analytica, the most popular has been the #DeleteFacebook movement. I’m sure it’s been a really bad year for the Facebook growth team, but these types of user-driven backlashes are really not going to solve the underlying problems, even with 42 percent of users “taking a break.” Stopping interaction with these services, and pretending like they never existed, isn’t a realistic wide-scale solution to the problem. The strong networking effects of these applications have allowed them to become too ingrained in our daily lives to let go of them completely. In addition, they do provide value to the world, despite the security and privacy tradeoffs. A Way Forward: Shifting Control of Data from Companies to Consumers As long as we store our data on centralized servers, and as long as the companies storing that data are making billions, nothing’s going to stop criminal data breaches or the soft abuse of digital identity by advertisers and others. The only possible, lasting solution will be shifting the control, security and profit of one’s own data from the corporation to the consumer. When consumers realize how valuable their data is and how much companies make off of it, and as this value grows by the year amid ongoing

13 days ago

The Number of dApps on EOS and Ethereum are Growing but Usage Remains an Issue

Data from decentralized application monitoring website, StateofTheDApps.com shows that December 2018 saw an all-time high of 179 DApps launch. 105 DApps launched on Ethereum’s network and the protocol continues to have the most active developer community. In spite of these impressive statistics, only 141,300 users are using the DApps built on Ethereum's network. EOS, on the other hand, has fewer projects but over three times the number of users when compared to DApps on Ethereum blockchain. Gaming DApps constituted the largest category of DApps across all platforms and storage-based DApps like StorJ, Everipedia, and X Cloud were the most popular with 106,420 users. While these numbers are encouraging, the lack of plug and play options for DApps and the necessity to purchase digital currency from an exchange continue to function as barriers to wider DApp development and use. (RS)

14 days ago

We are exploring @raiden_network as a possible solution for ...

We are exploring @raiden_network as a possible solution for payments on the Storj platform. We’ve been impressed by… https://t.co/xPASrw6uiL

a month ago

ICYMI last week, we shared a series of updates about STORJ t...

ICYMI last week, we shared a series of updates about STORJ token, how we use it on the network, our current balance… https://t.co/RKTsS6CtA7

a month ago

You can also see the detailed STORJ Token Balances and Flows...

You can also see the detailed STORJ Token Balances and Flows Report itself here: https://t.co/cN09lL6p5B As mention… https://t.co/4idKGE1hH6

a month ago

We shared several important updates about STORJ token today....

We shared several important updates about STORJ token today. The first is an overview of our new STORJ Token Balanc… https://t.co/ALIe1YVuek

a month ago

Blockchain Startup ‘Bluzelle’ Set to Challenge Cloud Storage Platform Heavyweight

Bluzelle, a blockchain-based startup wants to utilize the technology in the cloud storage space. Company CEO, Pavel Bains, says blockchain can introduce several enhancements to the current landscape of the database ecosystem. Enhancing Database Ecosystem via Blockchain Technology Speaking to the CNBC at the East Tech West Conference in Guangzhou, China, Bains declared that Bluzelle could become like the Airbnb of the cloud storage industry. According to Bains, blockchain technology holds the key to solving many of the pain points plaguing the industry. Bluzelle enables users to rent out unused data storage capacity of their devices like computers, smartphones, video game consoles, etc. The project creates a decentralized network of such devices with free space up for rent. For Bains, the company can offer a unique user experience different from what is obtainable on platforms like Amazon and Microsoft. Commenting on the project’s potential, the Bluzelle CEO said: So, you got massive computers around the home - mobile phones, PlayStations. All that has unused capacity. [All you have to do is] turn on your computer, download our software, and basically, you’re renting out that excess storage space. Improved Security According to Bains, Bluzelle’s decentralized network architecture offers improved scalability and security. With centralized platforms, data breaches are a reoccurring theme with the company CEO. With the sheer volume of data on single networks, hackers remain incentivized to attack such massive data troves. However, with blockchain networks and data distributed across a decentralized network, there isn’t a single point of failure. Bains even goes on to declare that even if a breach occurred, the attackers would only be able to collect a tiny portion of information. Such hacks wouldn’t be enough to compromise the safety of user data. Data Control Another critical aspect for Bains as far as cloud storage is concerned is the opportunity for storage and data control. With data being the de facto currency of the digital age, Bains says Bluzelle provides a system that allows the user to control both data storage and data utilization. The company isn’t the only player in the decentralized storage arena. Platforms like Storj and iExec are also making significant headway in utilizing blockchain technology for cloud storage services. What do you think are the merits of blockchain technology adoption in the database ecosystem? Let us know your thoughts in the comment section below. Image courtesy of ShutterStock. The post Blockchain Startup ‘Bluzelle’ Set to Challenge Cloud Storage Platform Heavyweight appeared first on Live Bitcoin News.

2 months ago

Watch for tweets this week from Storj and @InfluxDB for a ch...

Watch for tweets this week from Storj and @InfluxDB for a chance to win some socks, a mug and stickers. Those who c… https://t.co/DR9O549eMF

2 months ago

Storj CTO @flipture recently shared his insights on hiring f...

Storj CTO @flipture recently shared his insights on hiring from #coding bootcamps and some of the great talent we'v… https://t.co/IIoNop8AFe

2 months ago

Crypto Exchange CoinBene Lists Cloud Storage Coin STORJ in the Bitcoin Market

Cryptocurrency exchange CoinBene announced it will be listing STORJ, which is a blockchain-fueled cloud storage startup that is known as the decentralized version of Dropbox. Trading in STORJ begins on Nov. 14 in the STORJ/BTC trading pair. STORJ, which has a market cap of $41 million, is currently trading down 1.5% to $0.30 on modest volume. Most of the trading is unfolding on Binance, ABCC and Upbit. (GT)

2 months ago

.@StorjQ recently joined @Shaughnessy119's podcast to discus...

.@StorjQ recently joined @Shaughnessy119's podcast to discuss what our team has been building and how Storj is taki… https://t.co/jTFscrOWNb

2 months ago

Our latest blog takes a look at how the Storj platform encry...

Our latest blog takes a look at how the Storj platform encrypts and manages data to ensure only you, and those you… https://t.co/FSL5XPBEQJ

2 months ago

Replication is Bad for Decentralized Storage, Part 1: Erasur...

Replication is Bad for Decentralized Storage, Part 1: Erasure Codes and the Storj V3 White Paper. New blog post tod… https://t.co/RmPr0l7SE9

2 months ago

Our latest Dev Update from our Product Manager, Brandon is n...

Our latest Dev Update from our Product Manager, Brandon is now live on the Storj Blog. Data repair, fuse bindings,… https://t.co/p2mIV9gC9L

3 months ago

Storj is committed to building #OSS and empowering open sour...

Storj is committed to building #OSS and empowering open source companies. We released our #OpenSource mission state… https://t.co/fhgutqa6Yg

3 months ago

If you're at the #Ethereum #Devcon4 conference, stop by the ...

If you're at the #Ethereum #Devcon4 conference, stop by the Storj booth for a shirt and more details on our updated… https://t.co/ShW4JJaNzF

3 months ago

Storj Launches Version 3 of Its Decentralized Cloud Storage Platform

On October 30, 2018, Storj Labs released a public alpha for their version 3 (V3) platform -- enabling developers and companies to test their decentralized cloud storage solution. The team also shared an updated white paper featuring their latest research on decentralized and distributed systems in cloud storage.Decentralized Cloud Storage RefresherDecentralized cloud storage solutions like Storj enable users to securely store their data on decentralized clouds utilizing peer-to-peer networks instead of storing their information on the servers of large corporations. This model works like an Airbnb for data; users with extra hard drive space can rent out their space as a place for other users to store their information.The decentralized cloud storage model has several benefits over centralized cloud storage:“Trustless” security: Users are the only ones who have access to their private keys, and are, therefore, the only ones who can access their files. Decentralized storage providers or hackers can’t access a user’s private information. Lightning-fast networks: In centralized cloud storage models, download speeds are contingent on a centralized data center. But, because decentralized networks are shared, download speeds are shared too. The more users on the network, the faster the network. Open-market for data storage: By creating an open market for storage, decentralized storage companies can provide lower rates than those of incumbents such as Amazon, Microsoft and Google. Storj Public AlphaStarting today, the Storj public alpha allows developers and companies to access and build decentralized cloud storage applications by downloading and running the V3 test network on their local hardware.With their latest update, the Storj team aims to set themselves apart from competitor projects like Filecoin, Sia and MaidSafe, and position themselves as leaders in the decentralized cloud storage space. In an interview with Bitcoin Magazine, Storj Co-Founder and CSO Shawn Wilkinson shared, “The biggest reason I think we are the leaders in decentralized cloud storage is because of our experience and track record in the market. We are now on the third iteration of our network, while others haven’t conducted their initial launch after several years in development. Not only is our early team experienced, we’ve also hired new individuals with some of the best experience in the industry.” Wilkinson also noted that the Storj team hopes to drive practical adoption of decentralized cloud storage by making it simple to rewire existing cloud storage solutions with Storj’s decentralized cloud storage platform. For example, Storj V3 is built to be Amazon S3 compatible, meaning that integrating Storj into applications that currently use centralized cloud storage generally requires changing only a few lines of code and a few minutes of time. Storj PartnersDecentralized cloud storage could be helpful for a variety of use cases.“Any application or company that is generating data outside of the public cloud, or has large file sizes, would be a perfect client. This is because cloud providers will often charge egress fees to transfer your data off the network. Also, because of our distributed nature, our platform is most cost effective for large files. However we work great for anyone in need of cloud storage and can lower costs for most storage use-cases,” shared Wilkinson.Current Storj V3 partners include Couchbase, MongoDB, FileZilla, InfluxData, Kafka and Blocknify."We chose Storj because we shared similar values of privacy via end to end encryption and creating resilience through decentralization,” said Chris Cowles, co-founder and CEO at Blocknify, a Docusign competitor that leverages blockchain technology. “Because Storj uses S3 standard of integration, implementing Storj is familiar and easy.” Key Storj V3 DevelopmentsThe updated Storj white paper highlights the team’s learnings from the V2 network, addresses design constraints and security deliberations, defines the Storj platform’s relationship with blockchain technology, and addresses the team’s key goals moving forward.ScalabilityWhile Storj V2 was only capable of smoothly scaling to 100 petabytes of data, V3 aims to handle exabytes (and more) of data storage by utilizing horizontal scaling to contend against incumbent cloud storage solutions, and it aims to update this alpha so that node operators can share their excess storage capacity with the network in early 2019.ArchitectureFunctions of the Storj network have been decoupled into separate components to allow developers to make changes to parts of the system without impacting the whole. The team hopes this will lead to faster development and greater open-source contribution.Data UploadingWhen files were uploaded in Storj V2, the data would be encrypted, sharded (split into different pieces), replicated and distributed. Wilkinson explained that in V3, “Files are divided into segments, which are then divided into stripes. A

3 months ago

Sia, Hyperspace, Sia Classic, and Sia Prime - a "Who's Who?" of forks ahead of 10/31/18

**Disclaimer:** *I own Obelisk SC1 units and stand to profit financially from Sia's upcoming mining algo change. I received a portion of Hyperspace's 'community contributors' airdrop. I operate a mining pool for Hyperspace, and intend to launch a mining pool for Sia Prime. I benefit or expect to benefit financially from pool operation. I hold community moderator positions for Hyperspace and Sia Prime, and do not benefit financially from either of these positions.* **Overview:** Since Bitmain's announcement of blake2b ASICs, there have been several announcements of new blockchain projects derived from the Sia project. During the original fork discussion in January 2018, Hyperspace was announced as a project and officially launched in July 2018. More recently, with Sia's announcement to fork to an alternative blake2b-based algorithm, two new chains have announced: Sia Prime and Sia Classic. My goal of this post is to provide a neutral overview of each blockchain project and better inform the community about fork options. I plan to keep this post updated through the fork on block at block 179000. **Sia (SC)** - [Website](https://sia.tech) - [Discord](https://discord.gg/sFCT3Ar) - /r/siacoin *Overview*: Sia is a storage project intended as an intended enterprise storage layer, and claims to be the only blockchain storage project that is truly decentralized. Sia was officially launched in 2015. Recent code improvements from Sia include video streaming and renter improvements. Sia has focused most of its future development effort on improving file sharing, a new .sia file format, and improvements to the renter/hoster experience. *Key People/Credentials*: Sia is developed by Nebulous, Inc., which consists of Sia's two founders - David Vorick (/u/taek42) and Luke Champine - as well as three other developers and two non-developers. Obelisk, the manufacturer of ASICs capable of mining the alternative algorithm, is a wholly owned subsidiary of Nebulous. *Competitive Advantages*: The chain maintained by Nebulous is perceived as the main Sia project, and will likely remain so for the foreseeable future. Exchanges will continue to trade the Sia chain maintained by Nebulous after the October 31 fork. All known application development in the Sia ecosystem supports the main Sia chain. *Weaknesses*: As an older blockchain project, Sia does not have a deep war chest compared to other storage projects (Storj, Filecoin, etc.). Nebulous has opted to raise funds via traditional private equity rather than ICOs, which limits the size of the development team. The chain is perceived to be centralized around the decisions of taek's conservative blockchain philosophy, which has led to a slow pace of development and innovation. Other common criticisms of Sia include Nebulous' conflict of interest with Obelisk, inability to meet committed deadlines, marketing, and lack of support for application development. **Hyperspace (XSC)** - [Website](https://hspace.app) - [Discord](https://discord.gg/J3tdnDE) - /r/hyperspace *Overview*: Born out of disagreements with Nebulous' conservative development philosophy, Hyperspace was launched as an experimental fork in July 2018. Hyperspace seeks to address the revenue, hosting incentive, and user marketing issues commonly highlighted as weaknesses in Sia. Recent code improvements from Hyperspace include light nodes and atomic swaps. Future planned improvements include single payment verification, light nodes, a testnet, and application development on top of the XSC chain. *Key People/Credentials*: The 2.5 man core team consists of two core developers, mark (/u/slowtoaster) and wangchao, as well as a designer. Mark and wangchao have made substantial contributions to the Sia ecosystem since mid-2017, including [Toastpool](http://toastpool.com) (Sia's first open source pool), support to launch Sia's china-based exchanges, and the first known usage of [scriptless atomic swaps](https://github.com/HyperspaceApp/atomicswap) in the blockchain space. *Competitive Advantages*: The Hyperspace team is based out of China, and is the only team able to take advantage of China's language barrier. In part due to a timelocked 600M XSC 'community contributors' airdrop, many Sia application developers have created Hyperspace-specific versions of Sia support sites, including two explorers and Raspberry Pi support. *Weaknesses*: Hyperspace has taken significant criticism due to a 3B XSC airdrop to the core team. When the timelock for the airdrop expires in 2021, the core team will own more than 20% of total XSC supply. The core team plans to build a central service layer on top of the Hyperspace platform, but does not actively plan for other companies to build on top of Hyperspace. This suggests eventual centralization of utility provided. XSC is available for trading on only one exchange. **Sia Classic** - [Website](https://siaclassic.org) - [Discord](https://discordapp.com/invite/Mdmt5jJ) - /r/siacl...

3 months ago

Storj will be at @ethereum's #devcon4 event in Prague on Oct...

Storj will be at @ethereum's #devcon4 event in Prague on October 30. If you're attending the event, stop by our boo… https://t.co/HqMMWDIxoV

3 months ago

Today, Storj's @super3 spoke to @coinbase's People of Color ...

Today, Storj's @super3 spoke to @coinbase's People of Color Employee Resource Group about the history of Storj and… https://t.co/OTDwS9DeGO

3 months ago

@crypto_chicks @ananyachdh @juliarherbst We agree! Storj got...

@crypto_chicks @ananyachdh @juliarherbst We agree! Storj got its start at the Texas Bitcoin Hackathon… https://t.co/deHGGrThyJ

4 months ago

Storj CTO @flipture wrote an article for @forbes on the scal...

Storj CTO @flipture wrote an article for @forbes on the scalability challenges our team has faced on the #Ethereum… https://t.co/PpEYI1ODM9

4 months ago

Useful Beginner's Guide to Syscoin

#What is Syscoin? Some have described Syscoin (SYS) as the Shopify, Amazon and Ebay of the blockchain world. Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract various business types thanks to its native set of features geared towards business on the blockchain. From eBay traders and High Street shops to Medical applications, Insurance and Gaming, Syscoin’s decentralized network benefits everyone! Syscoin is developed by Blockchain Foundry (BF). BF provides blockchain technology based services, projects and products for a wide variety of use cases with the stated aim of disrupting markets by leveraging the potential of blockchain technology. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is lesser known is that this is only a part of what Syscoin offers. With the introduction of Masternodes in February or March 2018 SYS will be transformed from just a ’marketplace coin’ to a completely ‘utilitarian coin’. The Masternode infrastructure allows the addition of decentralized databases and file storage, increased transaction speed to surpass POS/Visa/Mastercard capabilities, true Turing complete smart contract capabilities for unlimited business logic, sidechains, application layers and an identity layer. This will all be accessible through an API, rather than a new language, enabling nearly any developer to create any blockchain application they can conceive. This will usher in the next generation of blockchain applications - made for new or existing businesses - by conveniently offering everything available from the blockchain space today. In simple terms think Dash + Ethereum/Lisk + Monero + Nano + Storj + Particl capabilities all in one coin! #SYS Origin The blockchain as conceptualized by Satoshi Nakamoto back in 2008 envisioned a peer-to-peer electronic cash network that would prevent double-spending. A year later, the blockchain became an integral part of bitcoin, serving as the latter's public ledger of transactions. Although Nakamoto's reference client mentioned a decentralized marketplace service, the subsequent implementation did not incorporate this due to a lack of resources. Syscoin was initially described in a 2014 draft whitepaper that envisioned Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer, and Decentralized Data Storage and Retrieval, as among the services that it would offer upon its release. Syscoin aimed to bring Nakamoto's vision of a decentralized marketplace back into the blockchain, among the other commercial-grade services it aims to deliver to clients. Other services that Syscoin plans to provide include secure data storage and transfer, and unique user aliases that link their owners to the services controlled by the alias. The early Syscoin wallet was superseded by the release of Blockmarket Desktop 1.0 on September 12, 2017, marking the culmination of Syscoin's vision of a fully decentralized marketplace with a desktop GUI based on the blockchain. The planned release of Blockmarket Web, a fully web-based version, and Blockmarket Professional in 2018 takes that vision one step further, as more advanced seller stores become a reality. #The Team **The Team that NEVER quits!** Before the launch of Syscoin (Q3 2014), there was a presale ICO by Moolah (as a partner), which turned out to be detrimental for Syscoin. The project raised around 1,000BTC for development but the Syscoin Team only managed to access 250BTC which were used for price support. Moolah (Ryan Kennedy) absconded with the bulk of the ICO funds and the Syscoin team were left with ~30million Syscoin at a price around 400 satoshi. Even after this tragic event, the devs didn’t quit and continued to work on the project without stopping. *The case against Moolah is still on-going. See the article from CoinDesk here:* http://www.coindesk.com/uk-court-syscoin-injunction-moolah-750-btc/. What is this detail telling us about the dev team? While some crypto projects are just scams and bring little to no innovation, they’ve proven that they are in it for the long term - ably demonstrated by the fact that they continued to work despite their funds being stolen. And now that hard work is beginning to pay off with the entire team going full-time for the first time in January 2018 and new developers being hired following VC funding for BF. [View Team Page.](https://syscoin.org/team/) #Blockchain Foundry Products [BF Products](https://www.blockchainfoundry.co/products) #What is...

a year ago


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