Market Cap $ 36.567 MM (#113)
24h Volume $ 1.840 MM
Chg. 24h: -1.09%
Algo. score 3.2/5  (#278)
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Storj project purpose and description

Storj clarity of purpose

Storj purpose and aspects

Current cloud services are centralized, have access to users' documents and have single points of failure. Storj offers a decentralized alternative to that where users files are encrypted and distributed across the network lowring risk of a cetral point of failure while offering top notch encryption, allowing for only the files owner(s) to access them.

Storj additional differentiation against competition

Users can earn on the platform by renting out the storage spaces on their devices.

Storj categories

Data storageComputingCloud hosting

Short description

Storj is a software project seeking to develop a next-generation cloud storage solution that improves upon existing cloud storage providers in four key areas of the service provided.


A peer-to-peer cloud storage network implementing client-side encryption would allow users to transfer and share data without reliance on a third party storage provider. The removal of central controls would mitigate most traditional data failures and outages, as well as significantly increase security, privacy, and data control. Peer-to-peer networks are generally unfeasible for production storage systems, as data availability is a function of popularity, rather than utility. We propose a solution in the form of a challenge-response verification system coupled with direct payments. In this way we can periodically check data integrity, and offer rewards to peers maintaining data. We further propose a model for addressing access and performance concerns with a set of independent or federated nodes.

Link to Roadmap: n/a
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