Storj (STORJ)
| Market Cap | $122,292,599 |
|---|---|
| Trading Volume | $21,401,784 |
| Volume / Market Cap | 0.1750 |
| Total Supply | 424,999,998 STORJ |
| Max Supply | – |
Storj is currently trading at $0.2961, after a price change of 1.60% in the last 24 hours.
Ranked as cryptocurrency #161 by capitalization today, STORJ market cap is valued at $122,292,599. STORJ trading volume reached $21,401,784 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on STORJ coin price prediction page.
What is Storj?
Storj is an open-source, decentralized, cloud protocol that supports data sharing and storage. The platform enables users with additional space to act as nodes by installing Tardigrade software. Reliable internet connectivity is required to operate a node. The network encrypts, shards, and disseminates data to nodes globally.
Storj uses Tardigrade software to validate and secure the network in a trustless environment. The peer-to-peer ecosystem encrypts data before disseminating to autonomous hosts. Hosts get a piece of a whole file, and the decryption keys are distributed to reinforce security.
STORJ is the token powering the Storj network. The token is based on the Ethereum blockchain. There are 352,314,680.15 circulating tokens, a total supply of 424,999,998, and no maximum supply. STORJ is used to reward node operators for mining, a process that ascertains the security and preservation of the hosted files regularly. Users looking for data storage solutions pay for the service using the STORJ token.
Storj was founded in 2014 by Shawn Wilkinson and John Quinn.