Anand Babu Periasamy Minio "Storj is like an Internet filesystem.Data blocks are encrypted and distributed across a globally distributed set of storage nodes using block-chain algorithm.It is quite impressive and much needed innovation in the storage space."Vitalik Buterin Ethereum "Decentralized file storage systems like Storj have the potential to eliminate high markup costs and market inefficiencies and provide a much higher level of privacy, reliability and quality of service than we see today."Tyler Scriven Techstars "The power of the Storj platform is its unique ability indiscriminately utilize the free capacity of a storage node, whether a single end-user PC or a massive data center.Storj is bringing an unprecedented degree of efficiency to globally distributed data storage."Pavel Cherkashin Vestor.in "Storj is a unique market phenomena.It sets new standards of unit economics for distributed data storage."Simon Dixon BnkToTheFuture "As a seed investor, we were more than happy to join the next round for Storj with a great line up of co-investors.

We want storing files to be cheaper, faster and more secure and the progress the team has made towards that mission has been phenomenal to watch.We are looking forward to putting more and more of our documents on the Blockchain thanks to Storj."Chris Dannen Iterative Instinct "I believe that Storj Labs is one of the most established blockchain-based enterprise plays today."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: Counterparty transactions create small inputs and are heavier than normal BTC transactions, [so] users have experienced extremely high fees for transactions.

For the February farmer output we paid over $1,600 in transaction fees, or about 10 percent of total payouts.bitcoin fundraiserThis is not sustainable or scalable.mine litecoin for freeWilkinson cited the lack of Counterparty growth as a concern with no major updates in more than two years while its interface was confusing for new users.bitcoin chart difficultyHowever, it’s believed that the Ethereum platform will provide the answer.kevin kelly bitcoinWilkinson commented on Ethereum’s ERC20 token, suggesting that Storj’s SJCX token could be migrated over to Ethereum’s standard token.system administrator bitcoin mining

While the progress of its future layer two solutions such as Raiden are promising and support ERC20 tokens.bitcoin simple voucherERC20 tokens have been issued by a number of prominent projects including Augur and Golem, and have wide support in the Ethereum development community.bitcoin precio historicoAfter the news that Storj Labs would be moving its platform to the Ethereum blockchain, the SJCX/BTC exchange rate increased to a four-month high.litecoin live rateAccording to a report from Razor Forex, Storj tokens were priced at around 0.000206 bitcoins; however, that price has since dropped to about 0.00019013, according to CoinMarketCap.litecoin google playHowever, it indicates a sign that those in support of Storj Labs are in favor of such a move to the Ethereum blockchain, which in turn will further help the community to grow than it is doing at present.

For now, initial steps have been taken to migrate Storj Labs away from the Counterparty protocol, but a date as to when this will happen is yet to be released from Wilkinson.In February, Storj Labs announced that it had raised $3 million in seed funding with early backers including those of Google Ventures, Ionic Security, Cockroach Labs, and Qualcomm Ventures and Techstars.Swarm is a distributed storage platform and content distribution service, a native base layer service of the ethereum web 3 stack.The primary objective of Swarm is to provide a decentralized and redundant store of Ethereum's public record, in particular to store and distribute dapp code and data as well as block chain data.From the end user's perspective, Swarm is not that different from WWW, except that uploads are not to a specific server.The objective is to peer-to-peer storage and serving solution that is DDOS-resistant, zero-downtime, fault-tolerant and censorship-resistant as well as self-sustaining due to a built-in incentive system which uses peer to peer accounting and allows trading resources for payment.

Swarm is designed to deeply integrate with the devp2p multiprotocol network layer of Ethereum as well as with the Ethereum blockchain for domain name resolution, service payments and content availability insurance.Two major features of swarm that sets it apart from other decentralised distributed storage solutions (bittorent, zeronet, IPFS) are 'upload and disappear' and the incentive system.The former refers to fact that Swarm does not only serve content, but it also provides a cloud storage service.Unlike related systems, you do not only publish the fact you host content, but there is a genuine sense in which you can just upload stuff to the swarm and potentially disappear (drop off as a node, disconnect or just operate without storage entirely) right away.Swarm aspires to be the generic storage and delivery service catering for all usecases ranging from serving low latency realtime interactive web applications as well as acting as guaranteed persistent storage for rarely used content.

The incentive system makes sure that participating nodes following their rational self interest nontheless converge on an emergent swarm behaviour that is beneficial for the entire system as well as economically self-sustaining.In particular, it allows nodes in the network to pool their bandwidth and storage resources in the most efficient way to collectively provide services.The planned features of swarm include integrity protection, random access (range queries), url-based addressing, manifest-based routing on virtual hosts, domain name resolution via Ethereum Name Service, encryption support, plausible deniability, bandwidth and storage incentives, associated metadata, on-demand download of ethereum blockchain state/receipts/contract-storage, auto-scaling by popularity (elastic cloud), auto-syncing, client side configurable redundancy/availability A swarm-based internet needs to provide solutions for web3 usecases with decentralised infrastructure, so broadly speaking, it is a project towards the ambitious goal of building the third web in the ethersphere.

Swarm is alpha software.Use at your own risk.Code is currently at POC 0.2 codename 'sworm'.The source is now in the main branch of the go-ethereum repository.The testnet is up and running POC 0.2 on Microsoft azure cloud connected to the Ropsten testnet.The ethershere orange paper series is an attempt to provide an umbrella for sharing and publishing technical reports of the ongoing research on formal foundations of web3 base layer infrastructure.Our aim is to foster synergy and collaboration between various groups and individuals working in the ethersphere.The Orange of the orange paper pays hommage to the yellow paper but tainted with the blood sweat and tears of cutting edge research.The ethersphere orange lounge research group is a weekly reading seminar and brainstorming session.If you are interested to join, please contact us.Swarm incentive system research papers.We really encourage and appreciate any feedback be it a thorough acedemic peer review, suggestions for improvement, criticism, questions, typos or just a word of support.