As you all know Steemit is an innovative concept using blockchain technology. Let me introduce Storj -another cryptocurrency using blockchain for distributed storage
Storj is an innovative concept whose underlying principle is blockchain. If you have unused hard drive space you can participate in mining Storj. You can use Storj in two ways. If you have extra hard space you can rent it out and get paid in Storj or you can use the storage provided by Storj for some fee. The advantage of Storj is that unlike other storage where you have data in single location it's shredded and distributed across nodes participating in the network. So why it's and advantage- it's an advantage because you will get better speed because you can get data from lot of nodes and not through single channel. Also unlike other storage it's distributed and risk of file getting destroyed by destruction of source is minimal. Moreover data is encrypted.
Mining Storj is also easy. You won't need expensive hardware like graphics card. You need only some mechanical drives. Electricity cost also will be less as harddisk require way less power to run than that of CPU and GPUs. So if you are running your PC 24x7 rent out that extra storage and make some bucks. It's easy to set up as well.
Recently Storj decide to partner with Filezilla and future seems bright for this cryptocurrency. When writing this blog , price of Storj hovers around $0.5
Storj website.- https://storj.io
Source :- Google, Storj.io
Find all my blogs here
https://steemit.com/post/@lmx3881/lmx-find-all-my-posts-here-in-chronological-order-20171024t172935458z
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https://steemit.com/hardfork/@lmx3881/lmx-bitcoin-hardfork-explained-bitcoin-gold-and-segwit2x-20171025t194115676z
