Review on Storj by Syed Adnan
Encrypted cloud storage service platform.
If you've seen its performance in the cryptocurrency market, it performed relatively well. On some occasions, it has delivered a high return on investment. Additionally, it is also predicted to offer a reasonable profit opportunity in the future.
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This allows the user to manually set the redundancy level on shards, which can be a daunting task for people with low technical knowledge. On the other hand, the platform has direct competition with already established platforms such as Google Drive, Dropbox and others.
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Pros
- It is a decentralized cloud storage platform. Access to token services and payment for storage providers serve the primary purpose of facilitating payment.
- It uses proof-of-work sense commuting, which also uses Bitcoin and Ethereum. But it does deploy distributed hash tables to store information about sharp locations on the network.
- This is often compared to other blockchain-based cloud storage platforms, especially Siacoin, which is an effective cryptocurrency as a mine. Due to the use of centralized bridges to communicate with its APIs, it is considered less decentralized than Siacoin.
Cons
- The shift to staff was not much appreciated by investors.
