Decentralized storage platform introduces perpetual storage and community satellites

Mar 23, 2023 | wjb news

Distributed storage networks are becoming more and more popular among popular centralized service providers such as Amazon Web Services, Google Cloud and Microsoft Azure. The main reason for this change is the low cost of operational security.

Some of the decentralized storage platforms that require attention are Filecoin, Sia, BitTorrent, and Storj. Among various platforms, Storj has developed a new scalability solution called Storj Next, which promises to provide a more scalable and decentralized solution for Web2 and Web3 enterprises. With social governance as the core, the latest update introduces a new economic system that allows people to participate in the Storj ecosystem more generally.

Storj is a distributed storage of digital documents. With the support of data encryption and blockchain technology, it uses storage that is not used in computers all over the world. This divides the uploaded data into smaller parts and distributes them over the network, so that no one company or individual can open all the uploaded data.

The distributed storage platform introduces a new permanent storage function of turning on data encryption, in which the special wallet address of Storj account can open permanent storage. Ethernet Smart contract payments will be used in conjunction with the platform's local Storj (Storj) digital currency, which will allow network participants to receive rewards for storing Storj.

The innovative model will be integrated into the storage requirements of node operators and independent communications satellite operators. Storj announced that its latest launch will allow Web2 and Web3 to reduce cloud costs without giving up stability or features.

The latest upgrade will also allow bets to allow node operators local community communications satellites to make money for network participants to avoid the Internet.

The platform adds coding, test reports and other services for node operators who want to change from operating nodes to operating storage networks. This will allow the company to operate its distributed system network internationally without strength and energy-intensive data centers.

Storj claims that its decentralized solution is becoming more and more popular among Web2 as storage costs for centralized resellers rise. Last year, Storj expanded from 13000 nodes to 20000 nodes-a 40-fold increase in network demand.