Storj (STORJ)

$0.154072 (8.71%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
151 $20,921,100.00 $951,060.00 135,787,000 STORJ 49 8.71% 2.85% -$13.42

Exchange Pair Volume (24h) Price
Binance STORJ/BTC 265,603.00 0.0000148300
Bittrex STORJ/BTC 22,624.00 0.0000148500
Poloniex STORJ/BTC 4,864.18 0.0000147700
Binance STORJ/ETH 17,029.15 0.0007947000
Gate.io STORJ/USDT 1,064.85 0.1538000000
Huobi Global STORJ/USDT 57,245.00 0.1543000000
Upbit STORJ/BTC 22,624.00 0.0000148500
Upbit STORJ/KRW 91,302.00 184.0000000000
XT STORJ/USDT 83,840.00 0.1538000000
XT STORJ/SXC 73,062.00 1.0855000000
Huobi Global STORJ/BTC 18,499.63 0.0000148100
BitAsset STORJ/USDT 125,002.00 0.1542000000
HitBTC STORJ/BTC 230.10 0.0000148360
CoinTiger STORJ/BTC 50,040.00 0.0000147900
OKEx STORJ/USDT 6,917.18 0.1534000000
OKEx STORJ/ETH 9,532.95 0.0008000000
Idax STORJ/BTC 32,245.00 0.0000148100
Idax STORJ/ETH 5,360.31 0.0007959800
Gate.io STORJ/ETH 213.40 0.0007930000
HitBTC STORJ/USD 187.35 0.1603790000
HitBTC STORJ/ETH 14.45 0.0008089800
HPX STORJ/CNYT 163,803.00 1.0647000000
CoinBene STORJ/BTC 325,386.00 0.0000148100
ABCC STORJ/BTC 1,574,327.00 0.0000146700
Livecoin STORJ/BTC 297.65 0.0000151800
Uniswap STORJ/ETH 244.41 0.0007922017
YoBit STORJ/BTC 46.30 0.0000148500
YoBit STORJ/RUR 4.54 9.2000000100
Huobi Korea STORJ/USDT 0.00 0.1542000000
CoinExchange.io STORJ/ETH 0.00 0.0015000000
Coinplace STORJ/BTC 9,096.40 0.0000389000
YoBit STORJ/DOGE 0.00 50.4716124000
Ethfinex STJ/BTC 37.88 0.0000146600
Ethfinex STJ/ETH 70.39 0.0008017900
Ethfinex STJ/USD 107.05 0.1455200000
FinanceX STORJ/BTC 457.60 0.0000151300
FinanceX STORJ/IDR 81.98 2,204.0000000000
FinanceX STORJ/VND 24.47 3,583.0000000000
YoBit STORJ/ETH 3.97 0.0006927900
Gate.io STORJ/BTC 0.00 0.0000350000
Idex STORJ/ETH 0.00 0.0006733248
YoBit STORJ/USD 0.00 0.1519171600
YoBit STORJ/WAVES 0.00 0.1236162700

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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