Storj

What is the token?

Storj (STORJ) is an ERC-20 utility token that powers a decentralized cloud storage network, aiming to make cloud storage safer, faster, more affordable, and more environmentally friendly. By leveraging excess hard drive capacity and bandwidth from users around the world, Storj creates a distributed and encrypted storage solution that offers enhanced security and privacy compared to traditional, centralized cloud storage providers. The Storj network encrypts, splits, and distributes files across a global network, ensuring no single point of failure and making data breaches virtually impossible.