Storj Head Dev Shawn Wilkinson Hosts Q&A
The founder and head developer of Storj, Shawn Wilkinson, is one of those admirable individuals leading the charge of decentralization with their chosen battlecry – “decentralize everything!” He is on a mission to provide cheaper, more secure, peer-to-peer decentralized cloud storage to the masses. He hosted a Google Hangout/IRC Q&A sessionWednesday where interested parties got a glimpse of the current state of Storj development along with what we should expect for the future. You can read more about the MIT licensed open source Storj project here, but in a few sentences, Storj provides a....
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Storj Labs has announced that it is planning on moving its blockchain-based cloud storage network from its current Counterparty protocol over to the Ethereum blockchain. The Atlanta-based company announced in a blog post that one of the reasons for the planned move is due to current issues with the bitcoin’s blockchain transaction backlog and long transaction times. The Counterparty smart token platform runs on top of the bitcoin blockchain. Additionally, the fees that Storj have to pay are no longer sustainable. In the blog post, Shawn Wilkinson, CEO and CTO of Storj Labs, said:....
There is a new idea out there, proposed by Shawn Wilkinson, Tome Boshevski & Josh Brandof, that if you have unused disk space on your HD that you should rent it out. It is a great idea and the concept may have a whole range of implementations. Let us take a closer look at what the 3 visionaries are exactly saying. The 3 guys describe their endeavor in the “white paper” as such: The theory behind the idea of “to rent out your unused HD space” is solid as a rock. However there are some real life problems cropping up with this strategy. The persecution of illegal downloads that certain....
Counterparty and distributed storage platform Storj have teamed up to develop off-blockchain “payment channels” similar to the much-anticipated Lightning Networks. Storj & Counterparty Developing ‘Picopayments’. Payment channel technology, which allows users to transact instantly and settle on the Bitcoin blockchain at a later stage, will also power....
Counterparty, the technology for decentralized financial tools on the Bitcoin blockchain, and Storj, the first decentralized, end-to-end encrypted cloud storage that utilizes blockchain technology, have teamed up and combined resources to develop payment channel technology for use on the Counterparty network. CoinTelegraph spoke to Trevor Altpeter and Matt Young, directors of the Counterparty Foundation, about the partnership with Storj, micropayments, and the Lightning Network. Storj’s micropayment streaming of SJCX. Starting in the third quarter of this year, Storj’s micropayment....
Decentralized cloud storage provider Storj Labs Inc. has announced that its second round of network testing called "Test Group B" has reached the 1 petabyte milestone of managed storage space. Test Group B is an in-depth test of the platform's storage client DriveShare, a software that enables users to earn money by sharing extra hard drive space. The Storj Test Group B has reached 1,173 terabytes in storage space and currently supports 293 users online. "We're extremely pleased by the support and validation we've received from our community," said CEO Shawn Wilkinson in a statement.....