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What is Storj?
Storj is an open source project that aims to offer a completely decentralized, secure and efficient cloud storage service.
Learn More: https://coins.community/storj/
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I understood the words “open source project” and my experience has been that those projects are usually very good for whatever it is they’re trying to build. So I will wait to see what the story of Storj will be.
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Yes, I always try to opt for Open Source, as the code is open for the entire world to view, audit and build upon. Where as closed source projects are only open to the private development team working on the project.
Usually a project is more stable if you have the code open for 100,000 people checking the code for errors, vs just 10 🙂
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Storj is quite the cryptocurrency, it’s a digital payment system, also a blockchain-based digital storage and data retrieval method. Their system is suppose to be 10 times faster than regular cloud computing companies, as far as system speeds go. Also this system is suppose to be quite affordable and economical compared to say DropBox.
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