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The type of decentralized storage offers a low-cost service. A yearly lease of 100 GB of disk space on Dropbox costs $99. Store customers get to rent a private server to manage similar space for $1.96.

What is Storj ?

The cryptocurrency is a fork of the BTC coin, which used the SJCX token. The asset went on sale in the summer of 2014. The founders of the network managed to raise 910 Bitcoins. At the time, this amount was equal to $500,000. In the spring of 2016, the beta version of the platform appeared. , users who participated in the crowdfunding campaign, as well as invited experts, got access.

In March 2017, the startup’s management decided to switch to the Ethereum cryptocurrency Blockchain. Already in the summer, the first one appeared, replacing the former SJCX token. Owners of the old coins had offered the option to exchange at a 1:1 exchange rate. The conversion period lasted until October 2017. The company held an ICO in the spring. During the initial token offering, the project raised about $30 million.

Testing of the third-generation Tardigrade network began in autumn 2018. The developers were ahead of the deadline set out in the roadmap. Files that users have uploaded and downloaded have gone through satellites, which became feature nodes. They checked storage nodes, prevented corruption or loss of information, and managed metadata.

Decentralised Cloud Storage

Storj  is a decentralized, open-source blockchain platform for storing information. The developers have managed to create an improved version of cloud storage. The founders of the startup have taken the idea of collective consumption as their starting point. Sharing Economy divides information into blocks, encrypts the data, and distributes it among the network participants using hash tables.

Users of the decentralized network will be able to share unused or allocated hard disk space. Rents will reward in the form of the cryptocurrency of the same name. It is an internal token that you can use to pay for cloud storage services.

The essence of the project hides in its name. To explain it in simple terms, the startup founders offered users a decentralized cloud storage solution. The cryptocurrency is open source, combining the benefits of Blockchain technology, end-to-end encryption, and cloud storage.

The platform operates based on advanced technology. The storage method proposed by the developers is cheaper, and the transactions carried out within the network are much faster than on classic cloud services. The speed is not at the expense of security and data security.

The decentralized Storj  platform offers participants the opportunity to rent free hard disk space. The cryptocurrency of the same name acts to payment. You can use STORJ  coins to access the network and lease available resources. The creators of the startup encourage users to become providers of disk space to make money on it. The expansion of the customer base contributes to the value of the cryptocurrency.

Intranet information has encrypted; Data has shared between connected computers. Only file owners keep access to their files. 

Files are by default divided into small chunks that are distributing to participants’ computers. The access is only retaining by the owner. The encrypted pieces of information have a uniform weight of either 8 MB or 30 MB. Sharding allows for increased security, privacy, and support for network performance. Client data is encrypting before a being has uploaded to Storj .

Storj  Price Prediction 2021

What do online forecasters predict will happen to the Storj  token market in the long term?

Storj  price prediction varies. Digitalcoin’s STORJ  crypto anticipates a rise in values in the following years, averaging $2.05 in 2021.

The Storj  forecast of coin prices by ” Wallet Investor projects” the value can go up to $2.44 by the end of 2021. 

However, Gov Capital’s Storj  forecast suggests the market will turn bearish, with the value dropping to $1.37 at the end of 2021. 

According to CoinCodex, sentiment for STORJ  is bearish, with 15 technical indicators giving bearish signals compared to nine bullish indicators.

Storj  Price Prediction 2022

Storj  coin price prediction in 2022:

• Digitalcoin $2.44;
• Wallet Investor projects $3.28;
• Gov Capital $1.44.

Determining the average price is as helpful as determining the average temperature of patients in a hospital.

Storj  Price Prediction 2030

Storj  prediction in 2030:  

Is It Worthy to Invest in Storj ?

When analyzing the strengths of Storj ‘s digital currency, it is worth highlighting the increased level of encryption that helps maintain privacy. Classic peer-to-peer networks are not suitable for production management systems and also lose out to this reliability. Users have offered a new functional model that accounts for the performance issues that arise during the implementation of federated nodes. STORJ  coin is all about transparency and usability.

How to buy a STORJ  coin today?

Immediately after the cryptocurrency’s launch, Storj  Labs mined the entire pool of coins, making later mining impossible. But it is possible to get tokens, but you need to become a network node, which means renting free space on your hard drive. To engage in such “farming, ” a Storj  wallet ID must register. Then you have to download the latest version of the software on your PC. Software needs to store coded shards of information from other users. It is for this that nodes receive STORJ  coins.

An alternative way to get cryptocurrency is through exchange trading. Coins are available on all popular exchanges and exchange services:

Binance;

Godex;

Bittrex;

UpBit;

You can buy Storj  for BTC, ETH, USDT, or fiat: KRW, TRY, USD.

The growth prospects of the STORJ  coin are quiet. The startup uses advanced algorithms, Blockchain cryptocurrency Ethereum. Also, it offers a complete cloud storage solution, which has considered to be very promising. Storj  can buy online from the exchange. The high daily volume shows the popularity of the asset among traders.

Conslusion

The growth prospects of the STORJ  coin are quiet. The startup uses advanced algorithms, Blockchain cryptocurrency Ethereum. Also, it offers a complete cloud storage solution, which has considered to be very promising. Storj  can buy online from the exchange. The high daily volume shows the popularity of the asset among traders.

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George Brown

George Brown is a main editor in Bitgraph Network Team.