A few questions about Storj

[bucky]

Hello. I am exploring the storage space and I am curious about a few things in regards to Storj.

I am curious about consensus with Storj. Is the whitepaper up to date to learn more about it?

Are the ERC20 tokens just for node operator payouts?

Also, is there any place to discover total network storage and used storage?

Thanks for your time!

[Stob]

Hi @bucky,

@bucky

Is the whitepaper up to date to learn more about it?

Yes, you can read it here - https://storj.io/storj.pdf. The blog also has a lot of useful information - Storj Blog and in the documentation - https://docs.storj.io/concepts/overview.

@bucky

Are the ERC20 tokens just for node operator payouts?

The tokens can also be used to pay for storage usage as a customer, with the benefit of a 10% bonus - https://docs.storj.io/billing-payment-and-accounts-1/storj-token#using-storj-token

@bucky

is there any place to discover total network storage and used storage?

In short no. The last official figures were released in the Town Hall from Q4 2020 - What is the current usage space on storj total capacity? - #3 by Stob

[Pac]

@Stob

@bucky

is there any place to discover total network storage and used storage?

In short no.

True.
Although not directly linked to used storage, the following website gives some other interesting figures:
http://storjnet.info/

[bucky]

@Stob

In short no. The last official figures were released in the Town Hall from Q4 2020 - What is the current usage space on storj total capacity? - #3 by Stob

seems kinda hit and miss. the chart says 22/37 but then someone mentions 60-70PB. any new data? Thanks!

[Alexey]

Publicly Exposed Network Data (official statistics from Storj DCS satellites)

Hey everyone! I am super excited to share something we have been working on. One of our values at Storj Labs is “Open”. We take this seriously and are always challenging ourselves to find ways that we can be more transparent with our community and our customers. In that spirit, we have created https://stats.storjshare.io/. This website provides official statistics from Storj DCS satellites for anyone to use. If there are any other statistics you would like us to publicly expose on https://stat…

[bucky]

thanks very much! appreciate the info.

[bucky]

one more question if you don’t mind. to get total data capacity, we’d add stored with free? so currently Storj has about 16PB of capacity? if so, that’s pretty good. i imagine that puts it in the top 5 network.

[andrew2.hart]

In terms of capacity, I don’t think it is in the top 10. In terms of “distributed”, “private”, “secure”, “practical” - it must number 1. It is also very cheap for what you get

[bucky]

i can’t think of many that have bigger networks. Obviously Filecoin and Bittorrent have the biggest. Chia has a lot but i don’t count them because they don’t store stuff as far as i know. Sia has 3.5PB. ScPrime has 2PB. I’ll have to dig a little deeper on the other networks but that should put Storj in the top 5. Many of these projects don’t really publish their capacity.

Thanks again for all the info. Very good stuff!

[andrew2.hart]

I included Google amazon azure oracle backblaze, so we’re counting different things

[bucky]

Gotcha! I was just meaning blockchain based. apologies for the confusion.

[andrew2.hart]

The storj coin is stored in the ethereum network and isn’t really connected to storj dcs the storage side. You just get paid on a blockchain

[bucky]

i know. that’s how most of these crypto storage projects are. very few are actually stored on the blockchain.

[Alexey]

And for a reason:

Is it possible to link the uploaded data with the mined block hash value?

Storing data on blockchain is too expensive and inefficient as for upload and for the access. The only small chunks of data can be stored on blockchain and also in most cases they are immutable, i.e. you can’t delete or edit it. To make change you must generate the next block with that change. It’s not fast. And also the size of the blockchain will include all world data, at the moment it’s greater than 460 Exabytes. And you would need to store it on the each node in the network, because blockc…

[bucky]

Ya. I noticed on chain projects like AR are quite far behind in actually having a useable product. Storj is definitely one of my favorites. thanks for the info guys.