Storj (STORJ): Decentralized Cloud Storage for Secure and Private Data

In today’s data-driven world, it’s important to keep your personal and work-related files close by for quick access. Traditional data storage options — i.e., hard drives — tend to be bulky and expensive, especially compared to online options. In response to an increasing need for convenient file storage, many mainstream cloud storage providers have stepped in to offer both free and paid storage services. The cloud market was estimated to be worth $371.4 billion in 2020, with Amazon Web Services (AWS) taking the lead at a 31% market share. 

However, as cloud storage is created to ease the sharing of data, its infrastructure makes it susceptible to data breach and hacking. Additionally, since central cloud providers hold complete control over the stored data, there have been increasing concerns over the intrusion into consumer privacy. 

A decentralized cloud platform called Storj has recently gained popularity for its ability to provide secure data storage without involving big corporations, cloud storage providers and other third parties. This article will help you understand how Storj works.

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