What is Storj (STORJ) Coin
Storj Coin, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.
Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.
People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.
- Storj aims to “build a cloud storage infrastructure” on the Ethereum blockchain with end-to-end encryption and multiple service providers.
- Each file uploaded to the Storj system will be encrypted and split into multiple parts, which are subsequently stored by multiple storage service providers.
- These storage services providers, or Node Operators, are rewarded as they contribute to the overall network capacity by providing unused storage space and bandwidth to the network.
- STORJ tokens are ERC-20 tokens and used for paying storage services on the Storj network.
How To Buy Storj (STORJ) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Storj coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Storj coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Storj (STORJ) Coin
Storj (STORJ) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Storj (STORJ) Coin Review
You can learn more about Storj (STORJ) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://storj.io/ Whitepaper https://storj.io/whitepaper Github https://github.com/storj/storj Medium https://medium.com/@storjproject Documentation https://docs.storj.io/ Telegram https://t.me/storjproject