Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Storj is a platform, cryptocurrency, and suite of decentralized applications that allows users to store data in a secure and decentralized manner. It uses blockchain features like a transaction ledger, public/private key encryption, and cryptographic hash functions for security. Furthermore, it will be way cheaper (10x-to-100x), faster, and more secure than traditional cloud storage services.
Storj is working hard to solve data security issues with the help of its own web app, MetaDisk, and client app, DriveShare. It is the first decentralized, end-to-end encrypted cloud storage that uses blockchain technology and cryptography to secure online files. There is no need to trust a corporation, vulnerable servers, or employees with your files. Storj completely removes trust from the equation.
To best protect your data, files are encrypted client-side on users’ computers before they are uploaded. Each file is split up into chunks which are first encrypted and then distributed for storage across the Storj network. The network is comprised of DriveShare nodes run by users around the world who rent out their unused hard drive space in return for Storjcoin X (SJCX).
The decentralized aspect of Storj means there are no central servers to be compromised, and because of the use of client-side encryption, only the end-users have access to their unencrypted files and encryption keys.
Website: http://storj.io
Check out their latest community hangout with the development team
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The merged mined with bitcoin marketplace, the future of trade with new plugins to link all your e-commerce site sales to the syscoin chain. Check out there new development company, http://www.blockchainfoundry.co/
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As usual, Questions and topics for Shawn and the team are welcome here or in the live chat during the show
