Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Storj - Decentralized Storage
by
tempestb
on 11/05/2018, 19:50:21 UTC
The thing to understand is that "storage" isn't really a good business model.  A lot of competition fighting over pennies.   Where Storj will be different is in the distribution / bandwidth model.   Think of it like Bittorrent.  You upload a file and it is distributed in pieces to many farmer nodes.  When that data is requested, many nodes provide pieces simultaneously.   This makes the transfer very fast, in theory there is no upper limit if you have enough node distribution of your data.   

Bandwidth, for online storage, especially egress, is expensive.  It's very expensive when you move out of local region pricing and look at global pricing.  Storj is half the cost of the majors at local pricing and significantly lower than global.   

You can't think of it like glacial backup tape storage.  If you want to store data for a penny a gigabyte, there are answers out there for you.   Storj is about distributed bandwidth.   High availability.  Global availability. 

They are busy at Storj Labs making improvements to the protocol.  Expecting good things.  The company has ramped up staff and has teams of developers working on different aspects. 

There will be a townhall meeting where the public can ask questions soon, and there will be some reveals and discussion about the new improvements.  If you're curious, you should attend.  They'll be posted details about exact dates and such soon.