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Rank #766
SRX StorX Network
SRX Price
$0.05482
+0.19% Market Cap
$18.72M
24H Volume
$1.27M
Circ Supply
341.43M
StorX Network Info
StorX is an open-source, trustless, censorship-resistant decentralized cloud storage network powered by the XinFin Network. StorX empowers users to store their data securely on the distributed cloud.
Each file uploaded on StorX is encrypted by the user’s unique password and then split into multiple fragments to be stored on numerous autonomous storage nodes operated by individual operators worldwide. Every file on StorX is encrypted, fragmented, and distributed across multiple nodes, so no entity, including StorX, can ever access the user’s complete data. This unique distributed architecture also prevents data from being hacked or prone to ransomware attacks. StorX is faster and up to 70% – 90% cheaper than traditional cloud storage.
Key features of StorX include:
Greater Security
StorX inherits advanced security features from the XinFin blockchain, including immutability and consensus. Its end-to-end encryption and data fragmentation prevent individual hosts from accessing or manipulating the data.
100% Anonymity and Privacy
StorX encrypts and shreds user data into tiny fragments, distributing them across the decentralized network. The hosts have no way of knowing the content or owner of the files, and only the user holds the decryption keys.
Value for Money
The competition among storage nodes ensures fair prices for users. The vast pool of nodes provides significantly higher storage availability at a fraction of the cost of centralized cloud services.
Faster Speeds
StorX’s decentralized architecture stores encrypted data fragments across multiple regions, enabling faster retrieval speeds.
Highly Redundant and Reliable
Redundant data fragments on multiple nodes worldwide eliminate single points of failure and offer high uptime comparable to centralized cloud services.
Open-Source and Community-Driven
StorX utilizes open-source software and supports open standards, allowing users to import and export data freely. The platform is continuously enhanced by a growing community of contributors.
StorX Network has experienced remarkable growth, becoming a leading decentralized storage platform with over 117,000 users and 4,000 node operators. Its recent B2 testnet launch and upcoming mainnet transition showcase StorX’s commitment to innovation, particularly in the emerging Decentralized Physical Infrastructure Networks (DePIN) industry.
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