Storj Whitepaper


A peer-to-peer cloud storage network implementing client-side encryption
would allow users to transfer and share data without reliance on a
third party storage provider. The removal of central controls would mitigate
most traditional data failures and outages, as well as significantly
increase security, privacy, and data control. Peer-to-peer networks are
generally unfeasible for production storage systems, as data availability
is a function of popularity, rather than utility. We propose a solution in
the form of a challenge-response verification system coupled with direct
payments. In this way we can periodically check data integrity, and offer
rewards to peers maintaining data. We further propose a model for
addressing access and performance concerns with a set of independent or
federated nodes.

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Storj Whitepaper