Analysis Crypto by Thebittimes.Com

The latest update would incentivize the community to participate in the ecosystem and make enterprise storage viable for all. Decentralized storage networks are getting increasingly popular over mainstream centralized ones such as AWS, Google and Microsoft. The primary reason for the shift is low cost of operations and security.  Some of the notable decentralized storage platforms are Filecoin, Siacoin, Bititorent, and Storj. Among these platforms, Storj has developed a new scalable solution called Storj NEXT, promising more scalable decentralized solutions for Web2 and Web3 firms alike. With a focus on community building, the latest upgrade introduces a new economic model that provides for broader participation in the Storj ecosystem.  Storj is a decentralized system of distributed object storing, which keeps information encrypted. Storj is based on Bitcoin's blockchain technology and peer-to-peer protocol in order to provide safe and efficient cloud storage. Storj utilizes unuse...

While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody. The case for self -custody grows stronger as investors demand evidence of their assets over crypto exchange s. While some CEOs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self -custody as he took responsibility for over 11 million users. The fall of FTX was an eye-opener for investors who predominantly entrusted crypto exchanges with safeguarding their assets. FTX CEO Sam Bankman-Fried, however, broke this trust by misappropriating users’ funds via Alameda Research. Ever since, numerous exchanges had to share wallet information as proof of reserves publicly. Will be sending an email every week strongly advising our people to never keep savings on any exchange , including @ Paxful This is the way ! Self custody yo...