Recently, the storage tokens’ price performance is amazing and catches the crypto community’s attention. One of the storage token STORJ price went up 24.6% in the past 7 days.
What’s the difference between Blockchain storage and centralized cloud storage?
Usually, decentralized storage would be cheaper, more secure and more reliable compared to centralized cloud storage. By making use of the empty hard drive from users all over the world, it cuts up the cost of storage. For example, the fee of blockchain storage on Storj’s Taradigrade service is only $0.01 per GB per month.
Another advantage is that the data private key is completely under the control of users, with no third party has access to.
Today we’re going to review the 7 blockchain storage projects and their tokens that many people highly look upon.
You can find all these storage projects’ tokens in Huobi “Storage Zone” on Huobi App. Trade in Huobi and enjoy our Huobi & Dapp.com win up to $770 campaign! (Remember to follow the steps there to be qualified for the campaign).
Now follow us to explore these storage products one by one.
BitTorrent
Token: BTT
BitTorrent is a decentralized file-sharing protocol. It has several different products to meet all types of users’ needs.
BitTorrent Web allows you to stream torrents while you download. This is perfect for you if you are addicted to TV programs or movies.
For more professional use, you could download the lightweight BitTorrent Classic Torrent Desktop App. You’ll get a helpful torrent downloader that could download dozens of files at the same time. You could even use a scheduler to specify the times of day to download or seed using your torrent.
BitTorrent has issued its utility token BTT, a TRC-10 token based on the Tron blockchain. BTT tokens can be provided to uploaders in exchange for faster downloading. This is completed with a feature called BitTorrent Speed. If you are downloading torrents, BitTorrent Speed automatically bids BTT to other users for faster speeds. All you need to do is use the torrent program like normal. And you could earn BTT when a torrent file finishes downloading. These BTT tokens are stored in your account wallet and could be transferred to your other wallets.
Arweave
Token: AR
Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data permanently.
Arweave is a global, community-owned web that anyone can contribute to or get paid to maintain. According to the team, on top of the core Arweave data storage layer, sits the “permaweb”, which is a collection of interlinked documents and applications. With this collectively owned hard drive, you are able to remember and preserve valuable information, apps. It also preserves the editing history, so that any rewriting to your data would be recorded.
If you have extra storage space, you can get paid by renting it to others.
Arweave’s token AR could be mined in the same way of mining bitcoin.
Crust Network
Token: CRU
Crust Network provides a decentralized storage network of Web3 ecosystem. It supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to the application layer. Crust's technical stack is also capable of supporting a decentralized computing layer.
It is designed to build a decentralized cloud ecosystem. Its hardware encryption and decentralized space will protect you from privacy leaks. There will be 2 products. Crust Cloud is like the decentralized iCloud that provides you a cloud storage service. Crust Cloud Enterprise is like the Uber for Cloud that provides a more powerful storage service at an enterprise-level.
The native token CRU is a utility token representing the value of the entire network, similar to ETH in Ethereum or DOT in Polkadot.
Siacoin
Token: SC
Sia provides decentralized storage for the post-cloud world.
Unlike traditional cloud storage, all your files are stored and distributed across a decentralized network. No signups, no servers, no third parties can access or control your files. You could enjoy cloud storage with more privacy.
Sia creates a storage marketplace based on the blockchain, and completely open-source. Many service providers are competing in the market. And you can buy storage service with Sia’s own token Siacoin (SC). The way to earn SC is mining, just the same as bitcoin. Or you could buy it from exchanges.
Storj
Token: STORJ
Storj is a decentralized cloud storage platform for node operators and developers to experience a fast, safe and affordable storage alternative.
You can put your extra space into use and start earning today with Storj. It pays node operators for unused storage and bandwidth, making decentralized storage possible for customers. The storage space is provided to Storj’s decentralized cloud storage service, Tardigrade.
Or you can upgrade your storage layer with Tardigrade, and select from all the node providers in the marketplace. The team even wrote a tutorial on how to store your TikTok data on its decentralized cloud when the US government said they would ban TikTok.
The project’s utility token STORJ is used to transfer value between node operators and the storage users.
Bluzelle
Token: BNT
Bluzelle is a dPoS decentralized database. It enables Dapps to store their data in a place that is both decentralized, mutable, safe, and censorship-resistant.
Bluzelle’s data servers are crowd-sourced, which reduces costs for developers and passive income for providers. So you could enhance your co-work security, scalability.
What’s more, through its inter-blockchain communication protocol, Bluzelle service is ready to be used by any blockchain.
Bluzelle employs a PoS (proof-of-stake) system to build its own economy. According to the team, they will return you with the staked tokens and the rewards in form of BLZ tokens. Then you can create a Bluzelle BNT wallet and convert your ERC-20 BLZ Tokens to the Bluzelle BNT Token.
Lambda
Token: LAMB
Lambda is a platform for decentralized data storage technology.
Lambda provides a secure, reliable, and infinitely scalable decentralized storage network. It claims to use an innovative PoST (Proof of Space-Time).
The data confirmation and data storage transactions are operated right on-chain, so your data is secured on the blockchain.
With the recent upgrade done, Lambda now supports “Storage Mining”, which means miners could mine LAMB token just the way they mine bitcoin.
Wanna trade these tokens after a better understanding of the projects?
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