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.
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Cointelegraph caught up with James Prestwich, Storj Co-Founder, an open source and cloud storage platform, that can’t be censored, monitored or have downtime.
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