STORJ ($STORJ)

Storj, pronounced “stor-jay,” is an open-source, decentralized cloud storage platform designed for secure, private, and affordable data hosting. Unlike traditional cloud storage providers, Storj uses a distributed network of independent nodes to store user data, ensuring higher security and privacy through advanced encryption protocols. This decentralized architecture allows users to have complete control over their data, as files are encrypted, split into pieces, and stored across multiple nodes, making unauthorized access nearly impossible. First introduced in a white paper in December 2014, Storj was conceptualized as a peer-to-peer encrypted cloud storage platform, combining security with sustainability. By distributing data across a global network, it not only enhances privacy but also reduces costs and energy consumption, making it a more sustainable solution compared to centralized alternatives. Storj offers businesses and individuals a secure and efficient way to store data while leveraging the benefits of blockchain technology.