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storj is an open-source platform that leverages the blockchain to provide secure and decentralised cloud storage services. Launched in 2014, Storj operates on a peer-to-peer network where participants, called nodes, provide storage space to users in exchange for STORJ tokens. Utilising cryptographic end-to-end encryption, Storj ensures that only authorised users can access the stored data, promoting privacy and reducing the risk of data breaches. decentralisation not only allows the network to offer resilient storage solutions but also creates opportunities for nodes to monetize otherwise underutilised hard drive space.
