• Storj aims to "build a cloud storage infrastructure" on the Ethereum blockchain with end-to-end encryption and multiple service providers.

  • Each file uploaded to the Storj system will be encrypted and split into multiple parts, which are subsequently stored by multiple storage service providers.

  • These storage services providers, or Node Operators, are rewarded as they contribute to the overall network capacity by providing unused storage space and bandwidth to the network.

  • STORJ tokens are ERC-20 tokens and used for paying storage services on the Storj network.