StorX Network
ValidatedSoftware
SaaS
SRX$0.06337-0.82% ↓
Decentralized Cloud Storage
- 98 Followers98 Followers
- 138 Likes138 Likes
About StorX Network
StorX Network is an Open Source, Trustless, censorship-resistant decentralized Cloud Storage Network, powered by XDC. Instead of storing data on single data centers prone to outages and attacks, StorX's unique architecture encrypts, splits, and replicates data across its zero-trust network to provide enhanced privacy and protection against outages and ransomware.
StorX is a decentralized cloud storage platform that leverages blockchain technology to provide a secure, private, and cost-effective alternative to traditional cloud storage services. StorX aims to revolutionize the way data is stored by eliminating the need for centralized servers, which are often vulnerable to hacking, censorship, and data breaches. The project’s mission is to empower users with greater control over their data, ensuring that their information is stored securely and privately across a global network of storage nodes.
StorX distinguishes itself by offering a decentralized network where data is split, encrypted, and distributed across multiple nodes, making it virtually impossible for unauthorized parties to access the complete data. This approach not only enhances security but also ensures that users have full ownership of their data, without reliance on a central authority. StorX is designed to be highly scalable, accommodating a growing number of users and storage demands while maintaining high levels of efficiency and performance.
StorX Network Magic Store Validation Score
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SRX Token Price Chart (Real Time)
Token Statistics
- Market Cap$28,586,949.00
- Volume$974,673.00
- Circulating Supply451,205,668
- Max Supply1,500,000,000
- FDMC$38,044,099
About StorX Token
StorX (SRX) is the native utility token of the StorX decentralized cloud storage network, built on the XinFin (XDC) blockchain. The SRX token plays a crucial role in the StorX ecosystem, enabling users to pay for secure and decentralized storage services. The network utilizes a distributed network of storage nodes, where users can store data securely, and storage providers, known as "Farmers," earn SRX tokens in return for providing unused storage capacity.
The StorX platform leverages blockchain technology to ensure data integrity, security, and privacy. The SRX token is pivotal in maintaining this ecosystem by incentivizing both users and storage providers. Unlike traditional centralized cloud storage services, StorX splits, encrypts, and distributes data across multiple nodes globally, minimizing the risk of data breaches and ensuring that no single entity has control over users' data.
The decentralized nature of StorX addresses many limitations of conventional cloud storage services, such as centralization, susceptibility to attacks, and data privacy concerns. By using SRX tokens, StorX users can enjoy a more secure, private, and efficient storage solution. The SRX token is available for trading on various cryptocurrency exchanges, allowing for liquidity and wider adoption within the market.
StorX Network Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 02.08.2024Validation Date
StorX Network User Trust Reviews
StorX Network FAQ
StorX distinguishes itself by combining privacy, security, and decentralization with a user-friendly interface. Unlike other platforms, StorX splits and encrypts data into smaller fragments before distributing them across a global network of nodes. This ensures that even if one node is compromised, the data remains secure. Additionally, StorX leverages the XinFin blockchain, which offers high speed, low transaction fees, and energy efficiency, making it a superior choice for decentralized storage.
StorX prioritizes data privacy by using advanced encryption techniques. Before storing data on the network, it is split into smaller fragments and encrypted, making it nearly impossible for unauthorized parties to access the complete data. These fragments are then distributed across multiple nodes, ensuring that no single entity has access to the entire dataset. This method provides an additional layer of security, safeguarding your privacy. Explore more details on the StorX website.
StorX storage nodes, also known as "Farmers," play a crucial role in the decentralized network by providing storage space in exchange for SRX tokens. Anyone with sufficient hardware and an internet connection can become a node operator. The system incentivizes participation by rewarding these Farmers with SRX tokens based on the storage space they contribute. This decentralized approach ensures that data is stored securely and redundantly across the network.
Yes, StorX is designed for efficient data retrieval despite its decentralized nature. The platform uses a sophisticated algorithm that quickly reassembles your data fragments from multiple nodes. This process is seamless and ensures that you can access your data almost instantaneously, similar to traditional cloud storage services. The decentralized nature of StorX ensures that even if some nodes are offline, your data can still be retrieved from the remaining nodes. Learn more about data retrieval on the StorX website.
StorX is inherently scalable due to its decentralized architecture. As more users and node operators join the network, the available storage capacity increases, allowing the system to accommodate growing data storage demands. The use of the XinFin blockchain further enhances scalability by providing a robust infrastructure that supports high transaction speeds and low fees, ensuring that the platform remains efficient and responsive even as it scales.
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