StorX (SRX)
StorX is a decentralized cloud storage network designed to offer secure, efficient, and accessible data hosting solutions. By leveraging blockchain technology, StorX aims to provide a democratic marketplace for data hosting, effectively eliminating the need for centralized intermediaries. This innovative approach empowers users with complete control over their data, ensuring privacy and security while distributing data across a global network of hosting nodes. For more information, visit their website.
The technology behind StorX
| Ticker | SRX |
| Category | Storage |
| Website | https://storx.tech/ |
| @StorXNetwork | |
| Telegram | StorXNetwork |
| Contract Addresses | |
|---|---|
| xdc-network | xd...ed Copied! |
StorX employs a unique method of data encryption, fragmentation, and distribution. This process involves securely encrypting data before fragmenting it into smaller pieces. These fragments are then distributed across various hosting nodes worldwide. This method enhances data security by ensuring that no single node holds the entire dataset, thereby reducing the risk of unauthorized access or data breaches.
Encryption and fragmentation
The encryption process in StorX is designed to safeguard data by converting it into a secure format that can only be accessed by authorized users. Once encrypted, the data is fragmented into smaller segments, further enhancing security by ensuring that no single storage node possesses complete information. This fragmentation also aids in efficient data retrieval, as it enables parallel processing of data requests.
Decentralized distribution
StorX's decentralized network consists of numerous hosting nodes located globally. This distribution model mitigates potential risks associated with centralized storage solutions, such as single points of failure. The decentralized nature of StorX ensures high availability and redundancy, as data fragments are stored across multiple nodes, reducing the likelihood of data loss due to node failures.
The StorX marketplace
The StorX platform operates a democratic marketplace where users can choose from a diverse range of hosting providers. This marketplace model replaces traditional centralized intermediaries, offering users flexibility and control over their data hosting preferences. Providers in the StorX network compete to offer the best service, fostering an environment of innovation and efficiency.
User control and access management
StorX grants users full control over their data sets, allowing them to set permissions and manage access without relying on a centralized authority. This empowers users to independently manage their data, making it easier to comply with privacy regulations and organizational policies. The ability to grant or revoke access at any time ensures that users maintain ownership and oversight of their data.