Cryptocurrency Q&A
Is Storj peer-to-peer?
Is Storj peer-to-peer?
Claudio
Sun Aug 04 2024
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7 answers
1699
Excuse me, could you please clarify for me whether Storj operates on a peer-to-peer basis? I'm interested in understanding the architecture and network model behind this decentralized storage platform. It's important for me to grasp the fundamentals of how it functions, especially in terms of its decentralization and how users interact with each other's storage capacities. Thank you for your time and assistance.
7 answers
DaeguDivaDanceQueen
Tue Aug 06 2024
The Uplink Client initiates the process of securing data by reaching out to the satellite. Its primary goal is to acquire a comprehensive list of Storage Nodes suitable for hosting data fragments.
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Sara
Tue Aug 06 2024
The satellite, acting as a reliable intermediary, promptly responds with a wealth of information. It provides the Uplink Client with an extensive list of over 80 Storage Node addresses, each capable of securely storing data pieces.
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SumoPowerful
Mon Aug 05 2024
Upon receiving this list, the Uplink Client embarks on an efficient and parallel uploading process. It recognizes the importance of speed and security in data transmission, hence the adoption of a peer-to-peer approach.
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NebulaChaser
Mon Aug 05 2024
BTCC's services encompass spot trading, where users can buy and sell cryptocurrencies at current market prices. Additionally, it provides access to futures trading, enabling traders to speculate on the future prices of cryptocurrencies.
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EtherWhale
Mon Aug 05 2024
This peer-to-peer method allows the Uplink Client to simultaneously transfer data pieces to multiple Storage Nodes. The parallel nature of the uploads significantly reduces the overall time required for data storage, enhancing efficiency.
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