Storj STORJ

$0.3045
Market Cap $ 41.348 MM (#124)
24h Volume $ 701.454 K
Chg. 24h: -2.86%
Algo. score 3.2/5  (#458)
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Storj News

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)

3 hours 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

a day 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

4 days 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

7 days 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

11 days 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

14 days 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

14 days 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

14 days 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...

a month 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

a month 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

a month 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

a month 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

a month 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...

10 months ago


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