Excuse me, I was wondering if I could get some clarification on the technology behind STORJ. Specifically, I'm curious to know if STORJ is actually built on the 
Ethereum blockchain. I've heard some people mention this, but I'm not entirely sure. Could you please shed some light on this matter? It would be greatly appreciated. Thank you.
            
            
            
            
            
            
           
          
          
            5 answers
            
            
  
    
    CryptoWizardry
    Mon Aug 05 2024
   
  
    This approach enhances security by eliminating single points of failure and protecting data from unauthorized access.
  
  
 
            
            
  
    
    Nicola
    Mon Aug 05 2024
   
  
    Furthermore, Storj's decentralized model promotes efficiency by reducing latency and increasing data transfer speeds.
  
  
 
            
            
  
    
    KDramaLegendary
    Mon Aug 05 2024
   
  
    Storj is a pioneering decentralized cloud storage platform that leverages the Ethereum blockchain technology.
  
  
 
            
            
  
    
    Elena
    Mon Aug 05 2024
   
  
    In comparison to traditional cloud storage services, Storj offers a cost-effective alternative, as users only pay for the storage they actually use.
  
  
 
            
            
  
    
    AltcoinExplorer
    Mon Aug 05 2024
   
  
    It employs a peer-to-peer network architecture, enabling users to store and share files in a decentralized manner.