Storj is an open-source online storage platform. It uses a decentralized network of nodes that brings together those in need of cloud storage and those looking to sell free hard drive space. The latter receives a Storj token for providing free space. Its network has an ERC-20 utility token, which gives users a fast, open, and simple transaction. Moreover, with its help, you don’t have to worry about the commission, since there are no fees charged for currency conversion. Its price is $ 2.85 with a daily trading volume of $ 1,907,865,269. It reached a six-month high of $ 3.26 in the late afternoon and was very close to its all-time high.
Storj has many advantages, for instance, it charges less money for a service than traditional cloud storage and operates on a network that consists of many computers. Anyone can become a node on the platform, all they need is to have free space and a fast Internet. The network uses its own Tardigrade to protect itself, encrypting all files before downloading. Thereby, only those who are authorized can gain access to your data. And access to the file is impossible without keys. The network is confident that the owner can have access only to his data, and is doing everything to implement this.