i got to know about storj some few weeks ago and after then i have been reading a lot about it and seriously thinking what the future of this technology will be like.
What is storj coin?
storj is a decentralized cloud storage that has the potential of replacing amazon cloud storage and microsoft cloud storage systems. Storj lives on the bitcoin blockchain via the counterparty protocol.
Storj is quite different from Microsoft and Amazon because the files of customers are encrypted, broken into pieces and distributed to be stored on different computer disk spaces provided by people who make their disk spaces available to be used for this purpose. these guys who make their hard drives available are called farmers and they they get rewarded in storj for renting out their drive. these farmers have no access to these files in anyway because the owners of these files have the private keys to these files . Storj Farmers can choose the amount of disk space they want to rent out and how long.
there are several coin that is currently similar to storj, like burst and sia ,burst coin is actually proof of capacity but you are not renting your hard disk space. with storj, you rent your hard drive space and get paid in storj. the more hard drive space you get, the more reward you get.
HOW TO SET UP STORJ ACCOUNT
The first thing you need to know is that renting of hard drive is only possible with a laptops and not mobile device. i don't know if mobile storj storage is going to be available in the future , but for now it is just for PC.
so, first step is... ,
take out time to read their white paper. most people find it really hard to that and reading white paper is very important. the white paper contains every details about that coin that you might not get when someone else explains it to you. the persons explanation to you might miss out on some vital details.
if you find it hard to read long white papers, you can subscribe to the youtube or dtube video channels of crypto lords like @jerrybanfield @kingscrown @datadash @trevonjb @suppoman @boxmining etc .. [click here to read the white paper of storj].
2. go to storj.io and click "rent your drive" by the top right corner of the screen.
3. Click download storj share
4. Download Storj Share:
in my case i chose storjshare-gui.win64.exe . to know the one needed for your computer, hold CTRL + E ,click "this pc" then right click and click properties. check the number written before 64 or 32 - bit operating system ,x64-based processor
5. download 64 or 32 .exe
6. Launch application
7. create an ERC20 wallet:
storj uses ERC20 ,so make sure you either create a myether wallet,mist or parity account
8. to create myetherwallet, go to myetherwallet.com
9. Save mew key :
your MyEtherWallet can only be recovered with these file, so save it in a safe place.
10. click "i understand. Continue"
11. Log into MEW
Choose how you want to log in (use keystore: the file you downloaded when creating your MyEtherWallet )
12. Select Mew file that you backed up
13. click unlock
14. scroll down to see your address and copy it
15. Paste the copied address here in the storj software you downloaded and click next
16. Choose where you want the files to be or create a file called "storj"
17. Input the amount of storage you want to rent out and click next
18. Configuration finished , click finish
congratulations, you have successful become a storj farmer.
Storj referral bonus
this referral bonus is for those who chooses to save their files with storj. to get your referal link, click here to register then click referals as seen below
Signing up with storj here gives you 25GB free for the first 12 months , cheaper fees and safes you from the current centralized storage systems we have now .
technology like storj will really be profitable in the future because this world will soon starting seeing the use and need for decentralized services.
so make your research before moving into storj farming or buying the token.