STORJ is a cryptocurrency and digital payment method and is also a blockchain-based digital warehouse and data retrieval process currently practicing the Ethereum system.
WHAT IS STORJ (STORJ)?
Storj is a decentralized, open source file storage solution. It uses file sharing, encryption, and a blockchain-based hash table to store files on a peer-to-peer network. Anyone can create their occurrence of the open source software that works Storj. Storj Labs have a network of thousands of users. Storj Labs charges for the use of that network.
STORJ (STORJ): HISTORY
Shawn Wilkinson and John Quinn imagined Storj. The team also has Anand Babu Periasamy and Warren Weber as their advisors. In April 2016, Storj Labs formally declared the beta propaganda of their cloud program. Which allows the users to store data on a decentralized network. The Beta is only accessible through an invite system and will be available publicly after the platform’s initial testing phase.
HOW DOES STORJ (STORJ) WORK?
The aim is to make cloud file storage faster, cheaper, and private.After signing up for Storj, the user can buy cloud storage. Once he requires uploading a file to his Storj cloud drive, the file is encrypted and then fragmented into smaller sections. Then the sections are sent out to the decentralized network where they remain scattered. Once the user needs to download the data, it is then downloaded from various sources and gathered locally. The user holds the decryption key which is then handled to get back the original file.
HOW TO BUY STORJ (STORJ)?
User can’t buy it directly for fiat on any exchange. The user can choose the best coin exchange for your region and buy ETH there, then exchange it for STORJ on exchanges. Search if Coinbase is available for your country and buy it there – as it is by far the reliable and best-regulated bitcoin exchange. Once validated, the user can buy Etherium from exchanges, such as Bittrex/ Binance/ Gate.io, etc. Now having ETH, the user can exchange it for STORJ. The best place to store the STORJ’s is the official wallet and if you are more concerned about security, then put this wallet inside a physical hard wallet.
STORJ (STORJ) PRICE PREDICTION 2018
STORJ can be a valuable investment option. STORJ price equal to 0.929 USD at 2018-03-02. If you buy STORJ for 100 dollars today, you will get a total of 107.664 STORJ. Based on our forecasts, a long-term increase is expected, the price prediction f 2023-02-24 is 3.142 US Dollars. With a 5-year investment, the revenue is expected to be around +1314.92%. Your current $100 investment may be up to $1414.92 in 2022. STORJ price today is $0.929 and have the current supply of 424,999,998 STORJ. The market cap value is $123,946,278 USD , and the volume is marked as $123,946,278 USD.