Storj (STORJ)

$0.115982 (4.39%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
172 $15,749,000.00 $516,009.00 135,787,000 STORJ 45 4.39% 3.06% -$5.09

Exchange Pair Volume (24h) Price
Binance STORJ/BTC 39,358.00 0.0000132200
Upbit STORJ/KRW 77,960.00 159.0000000000
Binance STORJ/ETH 3,759.73 0.0006820000
Bittrex STORJ/BTC 610.32 0.0000131300
Poloniex STORJ/BTC 1,373.37 0.0000132200
HitBTC STORJ/BTC 286.57 0.0000133400
Huobi Global STORJ/USDT 30,352.00 0.1160000000
OKEx STORJ/USDT 65,557.00 0.1159000000
Huobi Global STORJ/BTC 2,276.69 0.0000131700
VCC Exchange STORJ/BTC 437.94 0.0000131300
OKEx STORJ/ETH 4,089.78 0.0006800000
CoinTiger STORJ/BTC 297.47 0.0000131900
Bitfinex STJ/BTC 105.21 0.0000130000
Livecoin STORJ/BTC 182.20 0.0000131700
HPX STORJ/CNYT 132,481.00 0.7657000000
Bitfinex STJ/USD 129.76 0.1090400000
CoinBene STORJ/BTC 359,807.00 0.0000132100
YoBit STORJ/USD 11.61 0.1104901900
FinanceX STORJ/BTC 4,770.55 0.0000132500
FinanceX STORJ/VND 4,692.35 2,694.0000000000
FinanceX STORJ/IDR 2,195.24 1,578.0000000000
YoBit STORJ/ETH 6.04 0.0003661300
Gate.io STORJ/USDT 45.35 0.1242000000
Bitfinex STJ/ETH 12.21 0.0006770400
YoBit STORJ/BTC 32.94 0.0000110900
Gate.io STORJ/BTC 25.01 0.0000130800
Idex STORJ/ETH 132.94 0.0006980045
Upbit STORJ/BTC 8.74 0.0000164600
Livecoin STORJ/USD 3.25 0.1100000000
HitBTC STORJ/ETH 0.01 0.0007018200
HitBTC STORJ/USD 0.02 0.1126970000
Uniswap STORJ/ETH 16.15 0.0006670228
Lykke CE7741E2-041E-4DB0-A4F1-4FAA012ADF18/ETH 8.65 0.0006900000
Lykke CE7741E2-041E-4DB0-A4F1-4FAA012ADF18/BTC 0.24 0.0000140000
YoBit STORJ/RUR 0.73 4.8040000000
Upbit Indonesia STORJ/BTC 1,615.62 0.0000164600
Bitcratic STORJ/ETH 0.66 1.0000000000

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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