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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Decentralized platforms stand out from their legacy, centralized counterparts in many ways. They’re generally more secure, private and reliable, but they’re also true ecosystems in every sense of the word, as they connect users and suppliers in fast, programmatic ways. On the Storj network, we have many types of community members. The two main categories are the people who help build the network (including storage node operators and the open source community) and the customers who turn to the network for economical, resilient, and performant storage.
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In case you hadn’t heard, Storj Labs is building a decentralized cloud object storage service. Why would we do such a challenging thing? At a basic level, it’s because we believe the internet can be better than it currently is and we see how to improve it. We believe your data is worse off being stored in the centralized data centers of five multinational mega-companies. Solving this grand problem requires us to solve many difficult sub-problems.
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A few months ago, I had the opportunity to attend a presentation by Storj Labs Cofounder Shawn Wilkinson at Coinbase’s headquarters in San Francisco. Shawn was presenting to Coinbase’s People of Color Employee Resource Group (ERG), which supports people of color in the blockchain and decentralization areas, both internally at Coinbase as well as externally within the broader industry. In his presentation Shawn shared a bit about the success Storj has seen, an overview of our V3 rebuild, background on our Open Source Partner Program, and how decentralized cloud storage platform has the ability to change technology for the better.
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All I want for Christmas is a… decentralized object storage network, and that’s not something you can find on Amazon so we are working hard to make that happen! Our next major milestone is the Explorer release, which is scheduled to be released in Q1 of 2019, so we have shifted our focus around everything we need to hit that deadline, polishing our current functionality and squashing bugs. Recent development accomplishments:
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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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