Storj Labs launches decentralized cloud storage

Storj Labs has announced the general availability of Tardigrade, a decentralized cloud storage service designed for enterprise users.

According to the Tardigrade website, the network, which spans thousands of global nodes, is more affordable than Amazon and Google’s respective cloud services. The open-source service is compatible with Amazon S3.

Also, anyone can apply to host a node and earn money by sharing storage and bandwidth for distributed files. According to Storj Labs’ interim CEO and executive chairman Ben Golub, Tardigrade is an evolution of the company’s original network, which struggled with scalability.

Tardigrade is similar in approach to Filecoin, but with more of an enterprise-level focus. Filecoin raised $257 million in a 2017 initial coin offering (ICO), yet has delayed its mainnet launch—most recently due to the impact of coronavirus (COVID-19) in China, where some 70% of its nodes are based.

Subscribe

Related articles

Chamath Palihapitiya and Dominic Williams Question Software’s Hold on the Modern Business

A recent post from venture capitalist Chamath Palihapitiya has...

Plug Wallet Adds Support for Rune Tokens, Launches Giveaway

Plug Wallet has rolled out support for Rune tokens...

ICPEx Adds More ICP and ICX to Strengthen Trading Liquidity

ICPEx has increased liquidity for its users, adding up...

Dmail Launches Beta NFT Marketplace for Decentralised Inbox Domains

Dmail has released the beta version of its NFT...

DFINITY CTO Says Data Sovereignty Can Still Be Saved

Jan Camenisch, Chief Technology Officer at DFINITY, wants the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here