Decentralised Storage Network Storx Reaches a Milestone of 2.7 PB Storage Capacity

As a matter of utmost importance, decentralized cloud storage StorX has achieved a 2.7 PB storage capacity milestone. Amazingly, StorX achieved this ground-breaking record in a little over a month of its launch.  Notably, other blockchain-based cloud storage providers took months to accomplish the same. StorX gives credit to its storage node partners for playing a pivotal role in attaining the 2.7 PB storage capacity.

In detail, 2.7 PetaByte is equivalent to 2700000 GB of storage. More so, it contains a capacity that is big enough to store 11K+ movies in 4K resolution. This means, with 50 quantum of such storage, we can have a lifetime of information in just one storage device.

Handy Barot, StorX Network Founder says:

Decentralized storage holds the potential to disrupt the $100 billions of cloud industry with a zero-knowledge storage solution that puts its users first and it is also censorship-resistant and self-sovereign which is why it has seen tremendous growth within just one month,

To begin with, the platform now boasts a large community consisting of over 110K+ users. Additionally, it now has 2,800+ storage nodes and over 5.5 million in SRX staked. Also, StorX has achieved these within a period of just over a month from the launch.

Celebrating the achievement, the platform notes that:

This is just the start for StorX and the total storage capacity on the platform is expected to grow exponentially as more users adopt decentralized storage as a more viable option compared to its centralized counterparts.

StorX revolutionizes the data storage landscape by reducing storage prices. Moreover by increasing bandwidth significantly, and creating an ecosystem that is built for and powered by the community.

Furthermore, the platform aims to pave way for a more decentralized internet where privacy and security are in control of the users. Fueled by accelerated global demand for cloud computing, cloud infrastructure is projected to reach $210 billion by 2022 with four companies controlling 71% of the market–Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and Alibaba Cloud. Decentralized Cloud computing is a concentrated market with pricing inefficiency, built on the premise that you can only source cloud capacity through a central cloud infrastructure.

More importantly, decentralized storage is transforming the way the world stores data over the cloud. Thus, StorX’s resounding success is an early sign of the mass adoption of the blockchain-based alternative to centralized cloud storage in the coming years.

Source: https://coinquora.com/decentralised-storage-network-storx-reaches-a-milestone-of-2-7-pb-storage-capacity/