Storj (STORJ)

$0.19965 (4.39%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
159 $39,428,900.00 $4,249,960.00 197,490,000 STORJ -- 4.39% -0.63% -$8.76

Exchange Pair Volume (24h) Price
BKEX STORJ/USDT 444,626.00 0.2010000000
OKEx STORJ/USDT 1,299,510.00 0.2010000000
BKEX STORJ/BTC 75,344.00 0.0000169300
Binance STORJ/BTC 322,122.00 0.0000169800
MXC STORJ/USDT 120,889.00 0.2004000000
Upbit STORJ/KRW 256,650.00 236.0000000000
Binance STORJ/ETH 51,271.00 0.0005101000
CoinTiger STORJ/BTC 2,777.64 0.0000169200
Bilaxy STORJ/USDT 66,853.00 0.2015000000
Binance STORJ/USDT 136,642.00 0.2013000000
Kraken STORJ/EUR 12,924.49 0.1709700000
Binance STORJ/BUSD 131,175.00 0.2013000000
VCC Exchange STORJ/BTC 4,883.58 0.0000169200
Bittrex STORJ/BTC 4,883.58 0.0000169200
WazirX STORJ/USDT 2,526.74 0.1998000000
OKEx STORJ/ETH 60,689.00 0.0005080000
Kraken STORJ/XBT 4,325.78 0.0000170000
Kraken STORJ/USD 7,836.65 0.2009300000
Uniswap (v2) 0XB64EF51C888972C908CFACF59B47C1AFBC0AB8AC/ETH 385.19 0.0004858720
Gate.io STORJ/BTC 1,204.62 0.0000169700
Livecoin STORJ/BTC 373.23 0.0000164700
Hotbit STORJ/USDT 3,675.17 0.1977520000
Hotbit STORJ/BTC 3,760.30 0.0000172100
Huobi Global STORJ/USDT 389,624.00 0.2010000000
Huobi Global STORJ/BTC 46,318.00 0.0000169300
Hoo.com STORJ/USDT 142,728.00 0.2004000000
CoinEx STORJ/USDT 217,525.00 0.2013420000
Gate.io STORJ/USDT 2,635.07 0.1991000000
Poloniex STORJ/BTC 506.64 0.0000168800
Kraken STORJ/ETH 518.36 0.0005012000
Huobi Indonesia STORJ/USDT 989.05 0.2012000000
CoinBene STORJ/BTC 376,306.00 0.0000170100
CoinEx STORJ/BTC 135,988.00 0.0000169867
FatBTC STORJ/USDT 13,153.95 0.1967000000
YoBit STORJ/BTC 437.11 0.0000195300
Uniswap (v1) STORJ/ETH 81.87 0.0005069310
NiceHash STORJ/BTC 0.23 0.0000196900
Upbit STORJ/BTC 313.89 0.0000165500
HitBTC STORJ/BTC 47.63 0.0000169470
YoBit STORJ/DOGE 1.26 53.0658972000
YoBit STORJ/RUR 0.74 15.0000000000
YoBit STORJ/ETH 20.89 0.0004532500
YoBit STORJ/USD 11.52 0.1815646100
Bitfinex STJ/USD 108.11 0.1999000000
Gate.io STORJ/ETH 11.02 0.0004860000
HitBTC STORJ/USD 5.01 0.1921200000
HitBTC STORJ/ETH 6.85 0.0004961000
Upbit Indonesia STORJ/BTC 2,001.88 0.0000165500
Balancer 0XB64EF51C888972C908CFACF59B47C1AFBC0AB8AC/ETH 92.37 0.0004889029
Huobi Korea STORJ/USDT 6.71 0.1964000000
Lykke CE7741E2-041E-4DB0-A4F1-4FAA012ADF18/ETH 0.22 0.0005510000

Background

Storj is a distributed cloud storage platform that connects users needing to store files with others that have excess hard drive space available. The project aims to provide a more secure and efficient model compared to existing centralized services by using techniques like clientside encryption and sharding. The network relies on two open source applications: StorjShare and Bridge. StorjShare allows users, known as farmers, to rent out excess storage space while Bridge is the application used by those that wish to purchase this space. Transactions are completed using the STORJ token but, the platform has the flexibility to use other payment methods like bitcoin, ether, or fiat currencies. By distributing file storage across a diverse set of nodes, Storj believes the platform can reduce impacts from infrastructure failures, security breaches, and unauthorized access while also adding censorship resistance and lower costs.

Technology

The core technology of Storj is a peer-to-peer smart contract system that allows users to exchange computer storage for payment. “Clients” on the network purchase excess hard drive space from “farmers,” that set prices for their services via the StorjShare application. Payments are made in STORJ tokens which are used for micropayments between clients and farmers as well as for other network services. To ensure privacy files are encrypted on the client-side before upload and split into smaller portions, known as shards, and spread across the network. Clients maintain the only copy of the encryption key after upload. Over the duration of a contract, the protocol allows clients to check that a farmer still maintains their file and that it is retrievable. If a farmer is able to provide cryptographic proof that a file is on their system they receive payment for that period. If they are unable to provide this proof the client does not pay. These ongoing audits are referred to as a “heartbeat.”



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