Review on Storj by Fabrizio Zampieri
Storj is a cloud storage company that in July 2017 launched its own…
Storj is a cloud storage company that in July 2017 launched its own cryptocurrency-like token system.
STORJ digital tokens based on the Ethereum platform.
The token was formerly known as SJCX. The company recently migrated its tokens to the Ethereum ERC20 standard (it was previously on the Counterparty protocol on the Bitcoin blockchain). Storj did this to reduce transaction fees for the Storj community while also increasing the functionality and usability of STORJ.
A curiousity: Storj is pronounced like “storage”.
Pros
- The company’s goal is to provide a cloud storage solution that’s faster and 50% less expensive than traditional datacenter-based cloud storage companies. Here are some of the key features of STORJ: - channel Partnerships with Microsoft Azure and Heroku to offer Storj integrations with PaaS providers already used by their customers; - enterprise Ready: In 2017, Storj signed its first service agreement with a Fortune 500 company. They also doubled their developer team; - free software: Storj posts its software on Github and it’s all open source; - rapidly community growing with over 20,000 users and almost 19,000 farmers on the Storj network, and the company has enjoyed steady growth each month in the last year.
Cons
- The company was founded in December 2013 with the goal of developing the largest, most secure open-source decentralized cloud storage platform but project was launched in 2017. Young project at first steps. Communication has to be improved.
