Rank: 2695

Market Cap
Vol 24h

Storj is a decentralized platform for cloud storage that works similarly as torrents. It allows users to rent their hard drive space and earn payment by doing it. Storj offers people to store their files in a peer-to-peer network that is secured from serv er downtime, censorship, and hacking.

The platform works with file sharing, which means that if a user wants to store a file on Storj, he has to divide it first into smaller parts. This has a significant advantage, because you send and recall shards of your file at the same time, which makes the transfer a lot faster; also no single entity holds your entire file, and you're the only p erson who knows where are located all parts of it.

The big difference in the ways Storj and torrents operate are: torrents publish the location of the shards publicly because they want everyone to be able to download them, while Storj's priority is safety a nd the uploader is the only person who knows where all the shards from their file are. Storj implements a distributed hash table called Kademlia that requires a private key that only the uploader has.


# Name Symbol/Pair Price Vol 24h Volume Percent Updated
1 Zaif SJCX/BTC $0.32 $3.08 0.00% 18 Sep 2018 14:04:31

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