Storj is a decentralized system of distributed object storing, which keeps information encrypted. Storj is based on Bitcoin’s blockchain technology and peer-to-peer protocol in order to provide safe and efficient cloud storage. Besides that, the cloud storage company has issued its own Storj tokens (STORJ) similar to other cryptocurrencies. The main idea of the Storj coin is to allow users to lease unused space on a hard drive as a way to gain profit. The Storj ICO was conducted in 2017 and, before the ICO, the project had been becoming more and more popular, with Storj’s price growing more than 10 percent. The company also offers two types of Storj wallets for cryptocurrency, one of which is based on blockchain and the second option is available at Freewallet. Storj mining happens when space on a hard drive is leased.
LINA, WRX and STORJ led altcoins higher even as Bitcoin bulls encountered resistance at the $40,000 level.
Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000
Cointelegraph Markets Pro delivered a market-moving NewsQuake™ on Storj to subscribers this week, while the VORTECS™ Score picked up bullish conditions for File...
VORTECS Report: Storage coins rev up gains as Markets Pro rides the green wave
Ankr, Curve and Storj each saw double-digit rallies shortly after Coinbase announced plans to list each token this week.
Coinbase listing effect reemerges as Ankr, Curve (CRV) and Storj rally
Blockchain-based cloud network Storj has announced a program to provide free storage to organizations researching COVID-19.
Storj Launches Free Storage Program for Coronavirus Research
With Chinese President Xi Jinping recently showcasing support for blockchain, local media is seemingly changing its sentiment toward crypto.
China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain
The alphanet of decentralized file hosting protocol Filecoin will be launched tomorrow, with the testnet expected on Dec. 11 and mainnet in Q1 2020.
Filecoin Testnet to Launch in December — Mainnet in Q1 2020
Investing in cryptocurrencies is a risky business, but there are strategies you can use to limit the chance of disaster.
Managing Enormous Risk: Bitcoin and Altcoin Investment Strategies