Storj Blog

Suppose you want to take a unique and disruptive approach to cloud storage and launch a new product into the established market. Where do you start? Sure, you want to be half the price of the most dominant provider. You’ll also want to be just as reliable, as well as faster and much more secure. But once you’ve checked all those boxes, what’s really going to move the needle in terms of adoption? As it turns out, it’s not more differentiation. It’s compatibility. As such, compatibility was a huge priority for us as we planned the build-out of our new decentralized cloud storage network.

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Since Storj’s humble inception at the Texas Bitcoin Hackathon four years ago - you know, the one where our cofounder Shawn Wilkinson and his first Storj prototype won the main prize - our team has been through a lot. Our community has exploded, we released our production network and announced plans to pivot to a new platform that could better scale to support exabytes of data. Part of this pivot involves releasing the architecture of this new platform.
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A debate in the open source community recently erupted when Redis created a new licensing clause called the Common Clause to address its revenue dilemma. At the crux of the debate was whether or not current open source revenue models are sustainable in the cloud era and if new licensing could solve the problem. Some argued that increasing license complexity would reduce open source adoption, while others said that open source companies and projects were being abused by the massive cloud providers and Redis’ approach was a pragmatic solution.
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When I joined Storj Labs as executive chairman and interim CEO earlier this year, it was because of the opportunity I saw in decentralization and its ability to help the world and disrupt major industries. Storj had a working platform, a passionate community, a solid team, and were solving a huge problem tied into several trends. Before joining, I had spent the last decade building two open source companies. Storj (and decentralized infrastructure in general) shares a lot of key values with the open source world.
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Today, I’m pleased to announce that we are launching the private alpha of the V3 network. We’ve come a long way since announcing earlier this year that we would be rebuilding the network to achieve better scalability. Since that announcement, the team has been working hard to design and build a network that will be able to scale well into the exabyte range, putting us on the same playing field as the largest cloud storage companies currently out there.
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