{"id":3232,"date":"2019-04-28T23:28:29","date_gmt":"2019-04-28T23:28:29","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=3232"},"modified":"2023-01-14T01:59:30","modified_gmt":"2023-01-13T23:59:30","slug":"wallet-storj-storj-token-joins-holytransaction","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2019\/04\/wallet-storj-storj-token-joins-holytransaction.html","title":{"rendered":"Wallet Storj: STORJ token joins HolyTransaction"},"content":{"rendered":"\r\n
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As of today, you can instantly purchase\u00a0Storj <\/strong>on HolyTransaction, transfer them to any HolyTransaction\u2019s customer for free, and do crypto-to-crypto swaps between\u00a0your Wallet Storj<\/strong>\u00a0and more than other 30 cryptocurrencies.<\/p>\r\n\r\n\r\n\r\n

The\u00a0Storj project<\/strong>\u00a0provides for a decentralized cloud storage facility and is originally pronounced as “storage<\/em>“.<\/p>\r\n\r\n\r\n\r\n

Storj\u2019s<\/strong>\u00a0main aim is to rent a space on the secondary storage devices of the members of its network and pay them in\u00a0cryptocurrency<\/a>, for their service they provide. Therefore, Storj<\/a>\u2019s native cryptocurrency token is\u00a0STORJ<\/strong>, which can be stored on HolyTransaction now.<\/p>\r\n\r\n\r\n\r\n

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“The main difference between Storj and other decentralized cloud storage platforms is that Storj only uses blockchain to manage payments and not to store data. This is due to the high cost and slow speeds found in blockchains. For example, even the fastest blockchains process data\/payments in seconds. Meanwhile, traditional cloud storage solutions, like Amazon S3, can store files in milliseconds \u2013 many orders of magnitude faster than even the fastest blockchains.”<\/em><\/p>\r\nShawn Wilkinson (Founder of Storj)<\/cite><\/blockquote>\r\n<\/figure>\r\n\r\n\r\n\r\n

The Storj platform offers online storage similar to Dropbox or Google Drive, but does so over a distributed network. Renting out unused extra space on our hard drives is referred to as, Farming, for instance. The process as simple as downloading a client from the network, choosing the amount of space to be rented, and a wallet address to store the incentives received in the form of cryptocurrency.<\/p>\r\n\r\n\r\n\r\n

All HolyTransaction customers can create a new address for\u00a0STORJ<\/strong> and use the simple HolyTransaction Web Wallet<\/a> to send and receive transactions or to instantly convert them to any other cryptocurrency.<\/p>\r\n\r\n\r\n\r\n

Just like with Bitcoin, you can:<\/p>\r\n\r\n\r\n\r\n