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Here Are the Top 10 Facts You Didn’t Know About StorX

CryptocurrencyOct 20, 2021 05:00AM ET
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Here Are the Top 10 Facts You Didn’t Know About StorX

  • StorX is disrupting the decentralized cloud storage services industry.
  • It aims to be a brand that offers something unique.
  • Let’s explore 10 StorX facts.

Data preservation and storage are fast becoming a basic need for both individuals and enterprises today. The dominance of centralized cloud storage providers has proven to work to the disadvantage of users over time, and as such, a gap has been created that can only be filled by decentralized cloud storage providers.

StorX is arguably one of the most customer-centered outfits with workable alternatives that can benefit everyone in need of cloud storage services. As an emerging blockchain-backed decentralized cloud storage provider, here are 10 facts about StorX.

Fact 1: Product of Core Research

The StorX protocol was birthed out of in-depth research into the core needs of all classes of users including retail and corporate data owners. From our research, we discovered that many small operators have underutilized cloud storage spaces, which are fitting for decentralized cloud storage services. Armed with this understanding, we created the protocol from the ground up to connect storage owners with those who needed their storage capacities.

Fact 2: StorX is Backed by the XinFin Blockchain

As a blockchain-based decentralized cloud storage provider, StorX is a resident on the XinFin blockchain. XinFin is an enterprise-ready hybrid blockchain technology protocol optimized for international trade and finance. It offers high TPS and low latency, making it ideal for the StorX business model.

Fact 3: StorX Resolves Redundancy Innovatively

The broader concept of decentralized cloud storage is still in its infancy, and many operators still face significant challenges in key aspects of their operations such as in recalling distributed data among independent nodes. While StorX distributes fragments of a single document to various nodes, it maintains duplicates of each fragment which makes it easy to recall the document even when one node operator is offline. This model is native to StorX.

Fact 4: StorX Serves Node Operators Better

One of the central revolutionary offerings and a clear advantage of a decentralized cloud storage model over their centralized counterparts is the revenue sharing provisions. While there are a number of emerging service providers covering this niche, StorX serves node operators better as about 80% of revenue generated is paid out to them.

Fact 5: StorX Is Right for Non-Subscribers

There is a considerable cost requirement in maintaining data storage facilities by all of our node operators spread around the world. This is why we set very cheap subscription pricing for prospective users of our services. Unlike other competing firms, the StorX model is ideal for non-subscribers as they can still access reasonable storage space to save their most important files.

Fact 6: More Than Just a Decentralized Cloud Storage Provider

Beyond the primary cloud storage service, StorX also offers staking services on its native token, $SRX, drawing on its embrace of decentralized finance features. The protocol offers a competitive rate and stakers earn returns in the form of SRX tokens.

Fact 7: SRX Token Is Ideal for Investors

At present, there are over 114,000 StorX users and more than 4,500 storage providers, all requiring SRX tokens to access the services of the platform. This impressively growing hub of users has put a high demand on the SRX tokens and is billed to power the growth in the valuation of the tokens over time. As such, SRX tokens can yield enormous returns for investors.

Fact 8: Commitment To Continuous Protocol Development

The StorX team has created a roadmap that will permit the continuous improvement and upgrade of the protocol. Even beyond this roadmap, the open-source nature of StorX makes it ideal for external developers to contribute their quotas.

Fact 9: Built With Consideration for the Environment

StorX is built to utilize 10x lower energy compared to an average data center, and this helps in lowering the platform’s Carbon footprint considerably.

Fact 10: Customers Win All the Time

The coming together of StorX and its wide network of node operators is to satisfy the end-users. Based on this, service delivery is ultimately targeted at satisfying customers at all times.

Proud To Be a Pioneer

StorX is a startup that brandishes the right technology and model to become the leading decentralized cloud storage provider with a difference. Besides this, the platform is particularly proud to be one of the pioneers of an industry that breeds uncertainty in taking on the big tech cloud providers.

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Here Are the Top 10 Facts You Didn’t Know About StorX

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