Decentralized storage platform introduces perpetual storage and community satellite
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...