Buy Storj
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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Frequently Asked Questions (FAQs)
What is the current price of Storj (STORJ)?
The Storj price is $0.78997127 AUD, representing a +1.35% from the day prior.
Where is the best place to buy Storj (STORJ) in Australia?
The best place to buy Storj (STORJ) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Storj (STORJ) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Storj (STORJ)?
The trading volume of Storj (STORJ) is $50.3M AUD in the last 24hrs, representing a +1.35% from the day prior.
How can I buy Storj (STORJ)?
Storj (STORJ) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Storj (STORJ)?
The current market cap of Storj (STORJ) is $112.5M AUD.
Can I convert Storj (STORJ) to cash?
Yes - With Coinstash you can convert your Storj (STORJ) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Storj (STORJ) are there?
The current circulating supply of Storj (STORJ) is 143.8M.
Is Coinstash a safe place to buy Storj (STORJ) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Storj (STORJ) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.