Storj Blog

During our Q2 town hall earlier this month, we received a couple of emails inquiring about pricing for the V3 network. We haven’t announced pricing yet, but we can share some information about the breakdown of the costs, and how pricing works in a decentralized network, along with some important details for partners and app developers in terms of the mechanics of billing and invoicing. Break it down for me Unlike traditional cloud storage, Storj Labs doesn’t operate a bunch of data centers, or even one.
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We’ve been onboarding V3 storage nodes for a week now and the feedback has been detailed and thorough. Our initial waitlist has been focused on the more technically proficient, but don’t worry, the onboarding process will continue to get easier as the weeks progress. There have been a number of frequently asked questions that we’d like to answer more broadly. We’ve published a couple of posts recently about the 99.3% uptime target for storage node operators.
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Over the last few months, we’ve published a significant amount of information about the launch of the Storj V3 network. We’re all thrilled with the progress we’ve made, and the feedback from the storage node operator waitlist members joining the V3 network has been very positive. We’re now starting to get questions about the plan for the transition from the previous V2 network to the V3 network—for both storage node operators and developers.
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The Storj Explorer release, the public alpha for storage node operators, is rapidly approaching. And for waitlist members who are eagerly awaiting their chance to become storage node operators and share their excess hard drive space on the network, that day can’t come soon enough! It’s been quite a journey getting from V2 to V3, and the V2 storage node operators (who were previously called farmers) have played a critical part in making that journey possible.
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Joan Jett and William Shakespeare would have made absolutely terrible Storj V3 network storage node operators. Joan just doesn’t give a damn about her reputation, and Bill? The guy was great with words but not so good at math. But, I digress. Today on the Storj blog, we’re talking about the wholesale changes to reputation and node selection for the Storj V3 network. What’s new you ask? Everything! Overcoming the Challenges of the Previous Network Reputation and node selection are two areas where we’ve made some of the most significant changes between the V2 and V3 networks.
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With the the previous version of the Storj network, we learned from experience what it takes to scale a distributed storage network to over 100 petabytes. That experience and expertise has led to the development of the V3 network. As it turns out, the network design for petabyte scale isn’t the same as the design for exabyte scale. There are significant differences in all three peer classes in our decentralized and distributed network.
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