Storj is a decentralized cloud storage platform that is built on the Ethereum blockchain. It allows users to store their data on a peer-to-peer network, where it is encrypted and distributed across the nodes.
The data is then accessible only with the help of a private key, which makes it secure and private.
The Storj platform was launched in 2014, and since then, it has been growing in popularity. The team behind Storj is constantly working on improving the platform and adding new features.
NOTE: Warning: Storj is not built on Ethereum. It is built on a custom blockchain called the Tardigrade Decentralized Cloud Storage Platform. Please be aware of this when researching Storj and investing in it.
Recently, they have launched a new feature called “Tardigrade”, which allows users to store their data on the blockchain even if some of the nodes go offline.
The Storj platform has many advantages over traditional cloud storage providers. It is more secure, private, and decentralized.
Additionally, it is much cheaper than traditional storage providers.
So, yes – Storj is built on Ethereum and it is a great platform for those who are looking for an alternative to traditional storage providers.
8 Related Question Answers Found
Storj is a decentralized cloud storage platform that utilizes the spare storage capacity of its users’ devices to create a secure network for data. The project was launched in 2014 and has since amassed a community of over 100,000 users. The native currency of the Storj network is STORJ, an ERC20 token that is used to pay for storage and bandwidth on the platform.
Storj is a cloud storage platform that utilizes the blockchain for security. It is decentralized, meaning that there is no single point of failure and no one entity controls the data. The data is stored on a network of nodes, and each node is incentivized to store as much data as possible by being paid in STORJ tokens.
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