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Cryptocurrencies/Coins/Storj (STORJ)
Storj price, market cap on Coin360 heatmap

Storj(STORJ)

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$0.722914
(10.45%)
0.00002967 BTC
Market Cap (Rank#150)
$271,862,511
11,157 BTC
Vol 24h
$27,375,135
1,123 BTC
Circulating Supply
376,065,002.80
Max Supply
?
302 days agocryptodaily
Facebook's Blackout exposes the real problem with Web 2.0 - Could Cirus be the solution?
On October 4th, the online world seemingly came to a standstill as Facebook, WhatsApp and Instagram suffered a major outage, leaving little to no access for billions of users for about six hours. This occurrence is not the first of its kind, but it is the largest so far. As these apps represent the collective internet to millions, it was an eerie situation in which many around the world were plunged back to a pre-internet era. In just those six hours, the outage had managed to cause global ripple effects, disrupting primary communications for millions and halting the operation of thousands of businesses reliant on its persistent operation. Facebook itself is believed to have lost $100 million in ad platform revenue as a result of the outage, clearly striking a blow to investor confidence and resulting in a 6.3% slump in stock price overnight. The multi-platform outage revealed a deep-seeded problem of which most internet users were previously unaware: the danger of reliance on totally centralized entities. All it took was one critical error at the top of a centralized hierarchy for a multi-billion dollar infrastructure to be brought to its knees. Countless businesses, influencers and advertisers have built livelihoods on top of centralized systems like Facebook, Amazon, Apple and Google. When an employee of one of these companies trips on a proverbial (or actual) power cord, this infrastructure disappears, along with all the important user data that it maintains. Identifying the Root of the Problem Thankfully the blackout event was short lived, but it was long enough to expose the costly flaws in today’s models of data ownership. Problems created by such flaws are not going away without a broad shift in user behavior, starting with a recognition of the issues at stake: - Users do not own their own data. User data is the primary product social media titans like Facebook and Google accumulate, sell and rely on to drive earnings, yet the users have little say in how it is used. As seen with the Cambridge Analytical scandal, sometimes data is even used for nefarious purposes without the user’s consent or knowledge. - The Platform is the central figure. Corporations will always put profits ahead of the welfare of the user. They are in control of everything related to their platform’s usage, so users can be removed (de-platformed) or de-monetized on a whim, often with little recourse. - The platform relies on single points of failure. There is a massive secondary economic infrastructure built on these centralized systems with several potential single points of failure, which is exactly what was behind Facebook’s mishap. Billions of dollars in value every day is riding on the faith that these platforms stay online. New Problems Require New Solutions Taking a novel, multi-layered approach to developing decentralized internet solutions, the Cirus Foundation believes the task starts with the idea of data ownership and monetization. From the beginning, users will have some control of their data and be compensated directly for it. This is the most basic principle of the Web 3.0 / Ownership Economy which they see as essential to revolutionizing internet connectivity in the near future. As an internet router, the Cirus Device collects data from all devices connected to the internet in a household. The developers designed the device to be able to retain even more browser data than that collected by Facebook, Google, or other third-party media platforms. This means that even in the case of a major outage, Cirus customers can still have access to this data, and it can never accidentally be lost. Cirus Devices will also serve to support decentralize data storage, connecting users as nodes in a giant, self-efficient network, with records transparently accounted for on the blockchain. The Essence of Web 3.0 The end result of the transformation Cirus hopes to inspire is to put the user in control of the highest quality version of their data assets currently available. This will serve to create more accurate insights, rendering it much more desirable (and therefore valuable) in the ad tech world. It is currently a challenge for decentralized data solutions to store robust amounts of information, though a few projects like Storj and FileCoin have made strides in this area. Though society is still a few years behind, events like the Facebook outage demonstrate that decentralized storage will assuredly come into play sooner or later in order to assure user data assets are not subject to a single point of failure. Once the problems inherent to maintaining decentralized storage have been tackled, individually-owned data assets will begin to hit their stride as a new asset class. There will be a movement away from the centralized platforms we rely upon today to a Web 3.0 framework where interactions between user and customer happen directly, leaving out the middleman. This will likely be followed by a shift in value from the application layer to the protocol layer, weakening the grip of power held by today’s social media giants, and ultimately upending them from their overbearing positions of dominance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
358 days agocryptodaily
Which decentralized data storage service to choose?
Cloud file storage is one of the hottest trends in the IT industry today. Clouds provide users with a lot of advantages: from saving space on their devices' hard drives to ensuring data security - even if something happens to the user's device, their data will not be affected and they will retain access to it. Today, there are many cloud storage services available on the market. However, we recommend using only decentralized cloud services. Why? It's simple: in decentralized networks, there is no person who could benefit from selling user data. Unfortunately, this is not uncommon in decentralized cloud storage, and we are not even talking about top management - it is enough for cyber criminals to negotiate with one of the clerks. But which decentralized data storage service to choose? We have prepared a list of the 5 best services - each of them has its own advantages and disadvantages, so choose the most suitable one for you. Sia Sia is one of the oldest decentralized data storage projects, launched in 2015, and one of the largest, both in terms of the volume of stored data and in terms of market capitalization. Among the success factors of Sia, first of all, is its cheapness - storing 1 terabyte will cost about $2 per month. In addition, since Sia was among the pioneers of the industry, the service managed to gain a loyal fan base and enjoys a reputation as "time-tested". However, Sia also has problems, and primarily technical ones - access to user data is unstable, which seriously limits the value of the project. And, unfortunately, technical problems remain unfixed for many years. Utopia The Utopia project is often mentioned among secure cloud data storage services, but this is not entirely true. This platform really offers reliable data encryption and a number of decentralized solutions to protect privacy, including a proprietary DNS service. However, there is no cloud storage in the service. User data in Utopia is stored in so-called “Encrypted Containers” (encrypted disk segments) directly on the users' devices. So if you only need data protection with encryption, Utopia will be a great solution, but if you need a cloud, Utopia is not for you. Storj From the point of view of file storage, Storj provides a really high-quality service. User files are protected by reliable end-to-end encryption, ensuring that only the owner of the file will have access to the file. Moreover, there is no complete copy of the file on any of the nodes, so only its owner can even "assemble" the file. And all this is complemented by a high speed access to files. The main disadvantage of Storj is the payment mechanics. You must pay for storage in Storj coins. This is a highly speculative coin, the price of which can change significantly in a short time. For example, at the end of February this year, Storj soared from $0.50 to $3 in just a week, and then almost as quickly the price fell back. It is quite upsetting to find out that file storage has become six times more expensive in a week, isn't it? Filecoin Filecoin is the ”heavyweight" of the industry, formally working since 2014, which was created with the participation of the biggest names in the crypto world, and the capitalization of the FIL coin exceeds $6.5 billion. So this service has already become "too big to fail". At the same time, there are serious problems with the Filecoin mainnet - the mainnet was launched only this year, and immediately faced regular outages. They are mainly caused by the ”difficult" relations of the project with its miners, who are dissatisfied with low rewards. StorX StorX is a young project on the market of decentralized cloud data storage, but just in a few weeks, the service has already gained more than 100 thousand users, and almost 3000+ nodes work in its ecosystem within 2 months of launch. Additionally the $SRX token price went up in a few minutes after listing with the starting price of 0.1 USD and maintains the continued ATH with 2.49 USD at the time of writing this article. This success is primarily due to the fact that StorX was able to take advantage of the experience of its predecessors and correct their main shortcomings. User data is encrypted and distributed across a variety of nodes, and a perfect network infrastructure provides fast access. In addition, the price of the StorX coin does not suffer from sharp ups and downs, so the storage cost is predictable. And if you need to store only a small amount of data that you do not plan to access often, then the service has a totally free option for you. However, we must remember that StorX is a relatively new service, so it is impossible to predict its further development and future performance yet. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Storj

The live price of Storj (STORJ) today is 0.722914 USD, and with the current circulating supply of Storj at 376,065,002.80 STORJ, its market capitalization stands at 271,862,511 USD. In the last 24 hours STORJ price has moved 0.059355 USD or 0.09% while 25,872,308 USD worth of STORJ has been traded on various exchanges. The current valuation of STORJ puts it at #150 in cryptocurrency rankings based on market capitalization.

Learn more about the Storj blockchain network and how it works or follow the price of its native cryptocurrency STORJ and the broader market with our unique COIN360 cryptocurrency heatmap.

Storj is a decentralized platform for cloud storage of various objects in encrypted form which are based on the Bitcoin blockchain and p2p protocol. STORJ coin is used on the platform for payments. Users can lease unused storage spaces and profit in Storj coins. The Storjs price increased by 10 percent as a result of its successful ICO. There are two viable options for storage of the cryptocurrency: blockchain wallet and Freewallet. Storj mining happens when space on a hard drive is leased. Get the latest Storj’s price, market cap, circulating supply and other cryptocurrency market data on Coin360. The price of Storj coin is available in USD, EUR, GBP, CNY and cryptos.
Storj Price0.722914 USD
Market Rank#150
Market Cap271,862,511 USD
24h Volume27,375,135 USD
Circulating Supply376,065,002.80 STORJ
Max SupplyNo Data
Yesterday's Market Cap270,758,300 USD
Yesterday's Open / Close0.660622 USD / 0.719977 USD
Yesterday's High / Low0.755209 USD / 0.651495 USD
Yesterday's Change
0.09% ( 0.059355 USD )
Yesterday's Volume25,872,308 USD
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