1H
-0.39%$0.0004
24H
0.84%$0.0008
7D
5.06%$0.0048
30D
5.85%$0.0055
Storj is a decentralized cloud storage solution designed as an alternative to services like Dropbox. However, Story has some similarities with the torrent: the data is divided into blocks, encrypted and distributed among the “farmers” — the participants of the project. The distributed nature of the service, as Storj Labs says, provides a higher level of reliability and information security. Network members where you can rent out unused or specially allocated hard drive space to other users in exchange for SJCX coins. ICO start date: 2017-05-25.
Proof-of-Burn is a consensus algorithm that uses the burning of coins to create value. This guide will explore what Proof-of-Burn is, how it works, and its advantages over other consensus algorithms such as proof of work.
While the presale has raised over $4.74M so far, some commentators are skeptical about the project’s potential.