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Storj (STORJ)
4.24%
$ 0.139106
$ 0.005898
⇣ 0.139520
15 Jan
⇡ 0.147235
What is Storj (STORJ)?

Storj (STORJ) is an open-source cloud storage platform that uses a decentralized network of nodes to store user data. Storj allows computers running its software to rent out their unused storage space to users who want to store files.
Storj Labs, which created the Storj platform, was founded in 2014 by Shawn Wilkinson and John Quinn. The latest version of Storj, Storj v3, was released in 2019.
Transactions on the platform are made with the STORJ coin, an ERC-20 token located on the Ethereum blockchain.
What is STORJ coin?
STORJ coin is an ERC-20 based Ethereum blockchain token used in transactions on the Storj decentralized cloud system. Storj users earn STORJ coins by offering their computers' unused storage space and bandwidth to the network.
Although the maximum supply of STORJ coin is not known, the total supply of the token at the time of writing is 424,999,998.
How does Storj work?
Storj operates with three main components: storage nodes, uplinks, and satellites.
Storage nodes allow users to rent out excess space on their hard drives and securely store and return data. Uplinks run on the client's computer and upload files to the network. Uplinks work in coordination with peers to facilitate the storage and retrieval of data. Satellites coordinate the traffic between storage nodes and uplinks. Every user has an account on a satellite. Satellites are responsible for storing metadata, keeping storage nodes reliable, and distributing payments.
When a user's uplink receives permission from satellites to store data on the network, Storj files go through a process called sharding. This process compresses, encrypts, and splits the files into pieces and strips. Then, the strips of files are distributed and stored across the network. A private key is used to decrypt and retrieve the files.
Why is Storj unique?
Storj is a decentralized storage platform that offers an alternative to storage platforms of companies like Amazon or Google. What makes Storj unique is that it does not rely on a single company to store data. Instead, Storj relies on its software and a network of independent computers. Simply put, in Storj, users securely store their data in the unused spaces of other people's computers, with the help of a private key.
Storj splits data into pieces and stores them on multiple nodes, making the platform secure. Storj also offers faster download and upload speeds than traditional cloud storage platforms.
Storj is integrated with almost all cloud storage tools and software, including Filezilla, Fastly, Filebase, and Duplicati.
A key aspect of Storj's network design is the STORJ coin, which allows users to pay other users in the network for storing their files. Users providing storage capacity and bandwidth to the network can earn STORJ coins in return. STORJ coins can be exchanged for fiat currency.
Earning money with Storj
Storj offers node operators, i.e., users who offer their computer's hard drive's unused storage space and bandwidth to the network, the opportunity to earn STORJ coins. STORJ coins can then be converted into fiat currency on cryptocurrency exchanges.
To own a Storj node, the following hardware requirements must be met:
• At least 1 CPU core dedicated to node services
• 8 TB of storage space (maximum 24 TB and minimum 550 GB)
• 16+TB of unmetered monthly bandwidth
• 100 Mbps upload bandwidth (minimum 5 Mbps)
• 100Mbps download bandwidth (minimum 25Mbps)
• 99.5% uptime per month

The software requirements for owning a Storj node are as follows:
• Windows 8, Windows Server 2012 or higher
• Debian, Fedora, or Ubuntu 64-bit versions
• macOS Sierra 10.12 and newer versions are also supported.

If you meet these requirements, you can easily turn your computer into a Storj node server. This involves obtaining an authentication token, creating a node identity, configuring port forwarding, and setting up the interface.
After this, you can start earning STORJ coins in exchange for the storage space and bandwidth you offer to the network.
Where to buy STORJ coins?
In Turkey, contrary to popular belief, buying STORJ with Turkish Lira is a very easy and fast process. You can buy STORJ without needing any technical knowledge.
Storj (STORJ)
4.24%
$ 0.139106
$ 0.005898
⇣ 0.139520
15 Jan
⇡ 0.147235
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