### What is Storj?

Storj is a decentralised cloud storage platform built on the Ethereum blockchain. It utilizes peer-to-peer networks to store and share files, which enhances security, efficiency, and cost-effectiveness compared to traditional cloud storage services.

### How does Storj work?

Storj operates through multiple layers:
- **Client Software**: This serves as the interface for users to upload and download files.
- **Storj Share**: This program connects the client software with the Storj network, allowing users to offer their unused disk space.
- **Storj Network**: A decentralised storage network utilizing blockchain technology, where various nodes collaborate for file storage and retrieval.
- **Storj Contract**: Manages file ownership and access, ensuring only authorized individuals can modify or delete files.

Storj uses its native token, STORJ, to incentivize storage node operators and facilitate payments within the network.

### What are the potential use cases for Storj?

Storj can be utilised across various industries for:
- **Data Backup**: Affordable and efficient data retention and disaster recovery.
- **Private Data Storage**: Secure storage with encryption, suitable for sensitive data.
- **Multimedia Storage**: Storage and streaming of large multimedia files.
- **Large File Transfer**: Efficient transfer of large data volumes.
- **Hybrid Cloud Integration**: Elastic storage capacity for enterprises.
- **Machine Learning and IoT Data**: Efficient data storage and processing capabilities for AI and IoT sectors.
- **VR/AR and NFT Digital Assets**: Secure storage for digital content.

### What is the history of Storj?

Storj was founded in 2014 by Shawn Wilkinson and John Quinn, initially built on Bitcoin's blockchain before transitioning to Ethereum. Its token, STORJ, became an ERC-20 token following this transition. Storj officially launched in 2018 and has since achieved notable milestones, such as acquiring Valdi for enhanced cloud computing capabilities and being recognised in several industry awards. Storj continues to innovate and expand its market presence through strategic partnerships and technological advancements.

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