StorXPrice

(SRX)

StorX is a trustless and decentralized cloud storage network. It operates by encrypting a user's file on their device, splitting it into multiple fragments, and then distributing these encrypted fragments across a global network of independent storage nodes. This architecture ensures that no single entity, including StorX, can access or reconstruct a complete file. This multi-layered approach enhances security and privacy by design, making data readily available while remaining private.

Unlike services from large tech companies, StorX eliminates single points of failure, making it highly resilient and censorship-resistant. It offers a significantly more cost-effective solution for storage. Crucially, StorX ensures users retain 100% ownership and control of their data keys, guaranteeing complete privacy and direct access to their information, rather than relying on a centralized intermediary.

The SRX token is an XRC-20 standard token operating on the XDC Network, formerly known as XinFin. StorX leverages the XDC Network's robust capabilities, which include high transaction processing speeds and very low network fees. The network's design also incorporates ISO 20022 compatibility, making it suitable for enterprise-grade financial transactions and a strong foundation for decentralized applications like StorX.

The SRX token serves several key functions. Users utilize SRX to pay for the decentralized storage services. StorX also rewards node operators, often referred to as 'farmers,' with SRX for contributing their storage space and maintaining data availability. Furthermore, SRX holders can stake their tokens to earn passive yield and actively contribute to the network's security. Lastly, token holders gain governance rights, enabling them to participate in important decisions regarding the platform's future development and reward adjustments.

SRX tokens are available for purchase on several leading crypto exchanges. Typically, you can find SRX traded against stablecoins like USDT or the native XDC token. To ensure a secure transaction, it is always recommended to consult official StorX resources or reputable crypto listing sites for the most current and accurate list of exchanges supporting SRX trading pairs.

StorX prioritizes data security through zero-knowledge encryption. Before a file is uploaded, it is encrypted locally on the user's device and then divided into multiple fragments. These encrypted fragments are distributed across various independent storage nodes globally. This design ensures that even if an individual node were compromised, the attacker would only access a small, encrypted, and meaningless piece of data, rendering it unusable without the user's private key and the other distributed fragments.