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Storj

Storj STORJ

  • Data storage
  • Computing
$0.4428 Price
-8.58% % 24h
-0.17% % 1h
Score
$45,600,881 Mkt. Cap
$2,714,980 Vol. 24h
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Storj project purpose and description

Short description

A Peer-to-Peer Cloud Storage Network

Abstract

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: http://blog.storj.io/post/159566947133/storj-new-protocol-new-opportunities
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