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Tag: Storj

Decentralized Data Storage Platform Storj Migrates to Ethereum Network From Bitcoin

Category: Blockchain, Business, Ethereum, News

Decentralized Data Storage Platform Storj Migrates to Ethereum Network From Bitcoin

Storj, the open-source distributed cloud storage platform, officially migrated from the bitcoin-based Counterparty protocol to the Ethereum network on March 23. Bitcoin browser Brave is also looking to the Ethereum blockchain to add value to its offering. Storj is a protocol which operates as a decentralized data storage platform wherein users can store information within a secure ecosystem. Previously, Storj…

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Storj Raises $3 Million to Enhance Distributed Cloud Platform

Category: Altcoins, Finance, News, Tech

Storj Raises $3 Million to Enhance Distributed Cloud Platform

Storj, an emerging service provider for distributed cloud storage, has secured $3 million in a seed funding round. The offering proved to be a massive hit, with demand exceeding availability. Investors from all over participated, such as Google Ventures and Qualcomm Ventures to name a couple. While traditional data centers provide the majority of cloud storage services through technology heavyweights…

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Storj Drives Forward with Micropayment Channels

Category: Altcoins, News, Tech

Storj Drives Forward with Micropayment Channels

External third parties mostly dominate cloud storage space. Users can access their data on external hard drives via the internet, to name a few, iCloud, Google Drive, Drop Box are all examples of cloud storage providers. However, the inherent flaws of the trust-based model challenge these systems. Such deficiencies occur due to the fact that conventional clouds are open to…

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