Storj Blog

Since the start of the new year, our team here at Storj Labs has made major progress toward the production launch of the V3 network. In February, we launched the V3 Explorer alpha release, which enabled anyone with underutilized hardware or bandwidth resources to join the Storj network and start earning STORJ token in exchange for their contributions. Since the Explorer launch, we have been letting small groups of storage node operators onto the network each day.
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Storj is a decentralized object storage network where data is encrypted client-side, broken into pieces, erasure coded, and spread across a network of fault-tolerant nodes. The goal for Storj’s V3 network is to provide developers with an object storage solution that is more secure, economical and performant than existing cloud storage options. This is made possible through protocol features like concurrency, parallelism, client-side encryption, and erasure coding (Reed-Solomon). The Storj test network (storj-sim) enables you to run all the components of the Storj platform (Satellite, Uplink client, and storage nodes) and test them on your local machine.
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