Storj is a blockchain and peer-to-peer cloud storage platform. Users can securely store files on its network of peers, costing around $0.015 per month per gigabyte of storage and $0.05 per gigabyte of bandwidth used. All files are end-to-end encrypted and securely distributed to various peers (called Storj Share nodes) in pieces called “shards” in order to promote redundancy. Because it removes the need for a central third-party that controls the data, Storj mitigates most traditional storage failures and provides users with more privacy, security, and control. The blockchain technology of Storj brings open-source transparency together with decentralization to the file storage world.
Storj (STORJ) tokens are built on Ethereum (ERC20 compliant) and are used to pay Storj Share nodes every month.