Storj is a peer-to-peer cloud storage network implementing client-side encryption allowing users to transfer and share data without reliance on a third party storage provider. Storj facilitates the creation of distributed storage markets between users all over the world. It’s smart contract protocol allows for the seamless formation and execution of storage contracts between users. Users of the Storj network can negotiate contracts, transfer data, verify the integrity and availability of remote data, and retrieve data, all while paying providers for their excess storage capacity.
Every user on the Storj network, both buyers and sellers of storage space, are autonomous agents of equal standing. Storj’s decentralized cloud storage network offers many advantages over datacenter storage such as increased cybersecurity.