Altcoins Uncategorized

Storj Network Launches New Test Phase

Guest Author | May 20, 2015 | 4:33 pm
Altcoins

Storj Network Launches New Test Phase

Guest Author | May 20, 2015 | 4:33 pm

Storj is an open source project aiming to offer a completely decentralized, secure, and efficient cloud storage service that also serves as a peer-to-peer payment system like Bitcoin.

Storj allows users to rent out their unused space to other participants. The network uses StorjcoinX (SJCX), as the currency for driving the network. In an effort to ensure a good performance, the Storj team has started a test phase for their network. The team is inviting users who want to participate and accurately deliver reliable and relevant feedback about the network operation.

Storj nodes, or average computers running the software, sell resources to store and transfer information and earn Storjcoin X, or other cryptocurrencies, in exchange for their services. Anyone can run the software and earn some extra cash for leasing their spare hard drive space and bandwidth.

The Storj team already finished the first Test Phase and is currently preparing to begin a second and final Test phase which will be focused on the system functionality and capacity.

In the first test phase, users in the Group A were able to experiment with the two main applications of Storj, MetaDisk and DriveShare. Storj.io asked power-users in Test Group A to spot problems and provide feedback.Storj_article_1_NewsBTC

The group consisted of interested parties who took part in the initial token sale, and purchased over 10,000 SJCX. Storj assessed the group’s response while accruing load testing experience, statistics on the verification nodes, and statistics on farmer uptime.

Test Group B will see the introduction of SJCX. Access will be available to those who took part in the original crowdsale, and new interested parties who can buy in with 10,000 SJCX, currently $191.99 USD.

Farmers on Test Group B will be rewarded for participating in DriveShare Live, receiving contracts for storage, and periodically performing audits.

The Test Group B main goal will be to focus on capacity, ensuring that the nodes and farmers are actually providing an effective cloud storage solution.

Storj is currently re-architecting some aspects of the platform based on the delivered feedback from Test Group A data. The team stated that further announcements are to be expected in the near future.

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