StorX Scores Multiple Milestones, Extends Network to 2000+ Nodes

StorX Network Founder Handy Barot took to Twitter on Sunday to announce that the platform is now 2000+ storage nodes strong. The founder thanked the community for its support and also shared that the firm is looking for Research Scientists.

StorX has emerged as a rapidly growing and innovative ecosystem that has recently achieved many important milestones. Let’s look at some of its achievements.

To begin with, it is one of the few unique projects to reach such a large audience in such a short time. Aside from reaching the 2000+ mark on its number of storage nodes, it has over 4.428 million SRX staked.

Launched in the first week of July, the project has seen impressive growth. At the time of writing, SRX price varies around $1.57, up from just $0.3 at the time of launch. This plays evidence to users’ interest in the network as it offers many useful features. Its main function is to let users store their data on the decentralized storage cloud. Here, the files uploaded get divided and encrypted into many items to an autonomous storage node. These nodes are operated by individuals globally who rent their spare disk space to create nodes.

Based on the XinFin blockchain, SRX price spiked more than 400% within three weeks after listing. Over the past 24 hours alone, its price has risen by 83.69%. Currently, its market cap is at $2,528,974,611.

The number of nodes has also grown at a very fast rate. For instance, just one week ago, it stood at 500+ nodes. This accounts for a 300% growth in the number of storage nodes powering the system.

This sped-up growth of the storage network makes it a top alternative for centralized cloud storage options, such as Google Drive, Dropbox, and more. At the same time, StorX competes with other decentralized storage systems as well such as Filecoin and Sia. However, SRX’s explosive growth is enough to make a statement.

Its search for new research scientists depicts major value offerings to users in the future. Along with that, the firm is also seeking to increase security and scalability as it received large-scale exposure.

Source: https://coinquora.com/storx-scores-multiple-milestones-extends-network-to-2000-nodes/