Storj
Web3 / depin
Storj is a decentralized cloud storage platform that encrypts, fragments, and distributes user data across a global network of independent storage node operators. The protocol uses erasure coding to divide files into pieces that are distributed redundantly across the network, ensuring data availability and durability without reliance on any single provider. Storage nodes are operated by anyone with available hard drive space, who earn STORJ tokens for reliably storing and serving data. Users benefit from lower costs than traditional cloud storage providers while maintaining end-to-end encryption and the ability to audit exactly where their data is stored globally. Example: Storj's network has grown to include thousands of independent storage operators worldwide, with adoption from developers needing decentralized backups and enterprises seeking to reduce cloud storage expenditures compared to AWS S3, Google Cloud Storage, and Azure. Why it matters for DePIN: Storj demonstrates how storage capacity can be tokenized and distributed globally, enabling ordinary hardware owners to earn passive income while users gain affordable, redundant storage that remains censorship-resistant and controlled by the individual.
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