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What is Storj coin (STORJ) and how does it work?

by Financial Economy

Storj (STORJ) Coin has stated that it is a secure and distributed cloud storage system project. Users not only benefit from cloud storage, but also achieve a completely decentralized environment thanks to the blockchain-based system. Its distributed architecture protects each user’s file from attacks with end-to-end encryption. In addition, it is seen that the download and upload speeds have increased significantly. Detailed information about what is Storj coin STORJ and how does it work, Storj whose, can be mined, etc. is in the continuation of the article. You can browse here for information about Ecomi coin (OMI).

What is Storj coin (STORJ) and how does it work?

STORJ Coin is the cryptocurrency that enables coordination between different parties and individuals in the network. In addition, a scalable transfer can be made with the crypto currency in question. According to the statement, thanks to blockchain technology, STORJ Coin transfers are carried out in a secure, unchangeable and verifiable way. Storj was founded by Shawn Wilkinson in May 2014. Wilkinson was a software developer based in Atlanta.

Storj is a decentralized platform compatible with Amazon S3 storage service that provides secure storage of data. Wanting to offer a more secure alternative to cloud storage, Storj created Tardigrade, promising to combine decentralization with trust, affordability and performance.

Tardigrade; It is an open source cloud storage service network built on the Storj network. This network runs on unused disk capacity and bandwidth. The data uploaded to the Tardigrade is encrypted end-to-end, and data security and verification processes take place through nodes. Instead of mining on the network, the storage node is run.

How to buy Storj coin and how much is it?

Initially about 500 million $Storj tokens were minted on the Ethereum blockchain. After Storj Labs hosted a token sale, 75 million of these were burned. Now the total tokens available in circulation is just short of 425 million.

STORJ coin is listed by many cryptocurrency exchanges, especially Binance. Storj coin can be purchased on trusted and well-known exchanges. As of July 8, the price of 1 Storj coin is around $0,94.

Note: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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