The future of cloud computing and cloud file service is here but has taken another form in the cryptoverse. As of today there are several file coins available but three come to mind and may be of interest to consider as an investment for the long term. Filecoin, Bit Torrent, and StorJ are three forms of decentralized cloud storage. Most cloud storage is in centralized warehouses that could be damaged or compromised by hackers. Decentralized storage uses the blockchain to dissect your file and store it on servers across the network and is accessible anytime because the blockchain puts your documents or files back together while remaining encrypted at all times. 

The leader is Filecoin and is found on many exchanges and currently valued at $75 a coin. The FIL network competes with the centralized computer companies like Amazon and others to provide a cheaper alternative that is more secure. Cryptographic proofs are used to confirm file storage. When a file needs retrieving the clients select the miner with the cheapest transaction fee to gather files. Centralized data centers charge a flat fee per month. For more information visit Filecoin.io. 

Another coin is StorJ and is listed on several exchanges and is valued at about $1 a token. Their system is a decentralized way to store your information across many nodes with encryption to protect your information from hackers. Fairly straightforward in its purpose but best to visit their website www.StorJ.io.

Bit Torrent is a technology with a value of $0.00353 per token. I feel this is a token that is extremely undervalued. File storage is only one aspect of this token. They also have other products serving companies like Google, Netflix, Facebook, Lionsgate and Twitter. One of their products provides for faster download speeds. For additional information visit www.BitTorrent.com.

This blog is solely for educational purposes, since I am not a financial advisor.