Storj (Storj) is an Ethereum token used to power decentralized storage for different developers known as Storj Decentralized Cloud Storage (DCS). It is Decentralized Storage in which all the files are distributed into smaller fragments over the global network, comprising smaller network branches. Similarly, when a user requests a file, all the tiny pieces are assembled from different networks and then securely made available for the user. Storj is one of the older blockchain projects, founded in 2014, initially envisioned as an encoded crypto storage platform, later transformed into the network model. It was originally run on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the blockchain. Now it’s an open-source project, providing private, secure, highly available storage for individual or enterprise-grade projects. Storj is making strides towards the decentralized internet space by launching Storj DCS. The DCS will enable developers to leverage unsurpassed privacy and security benefits of storage. With this new multi-tenant gateway, changing storage to Storj is as simple as altering a few lines of code in their Amazon S-3 compatible applications. Storj allows anyone with the extra disk space and bandwidth to run a node enabling them to share their resources with the users who need them. It allows easy storage of files on its DCS without the requirement of a collective data center. A...
