StorX Network (SRX)
Rank #381
Market snapshot
- Price
- $0.0514
- Market cap
- $42.9M
- 24h volume
- $1.9M
- Circulating supply
- 834,000,000
- Total supply
- 977,000,000
- Max supply
- 1,500,000,000
What is StorX Network?
StorX Network is a decentralized storage platform designed to give users complete control over their data. By leveraging blockchain technology, it aims to address the challenges of traditional data storage solutions, ensuring data integrity and availability. The network operates by utilizing a decentralized approach to data management, allowing users to store and access their information.
How StorX Network works
StorX Network employs blockchain technology to create a decentralized storage infrastructure. It integrates mechanisms for verification and audits of data fragments, ensuring that all information stored remains intact and accessible. This approach eliminates risks associated with data loss and downtime, providing a reliable backup strategy for businesses and individuals. The use of an immutable ledger and advanced encryption further enhances data security, protecting against unauthorized access.
Key information
- Symbol
- SRX
- CMC rank
- #381
- Network / platforms
XDC Network
- Categories
- N/A
- Date added
- Jul 14, 2021
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
XDC Network
0x5d5f074837f5d4618b3916ba74de1bf9662a3fed
Key characteristics
StorX Network features a decentralized storage architecture that enables users to maintain control over their data. The integration of blockchain technology ensures the verification and integrity of stored information. Additionally, the platform emphasizes unbreakable security through advanced encryption methods, safeguarding data from potential threats. CoinMarketCap categorizes StorX Network under distributed computing, XDC ecosystem, storage, and depin tags.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is StorX Network?
- StorX Network is a decentralized storage solution that allows users to control their data using blockchain technology.
- How does StorX Network operate?
- StorX Network operates by leveraging blockchain technology for decentralized data storage, ensuring data integrity and security through verification mechanisms.
- What are the key technical features of StorX Network?
- StorX Network features a decentralized architecture, blockchain integration for data verification, and advanced encryption for data security.
- What are the risks associated with using StorX Network?
- Users should be aware of digital asset price volatility, the importance of verifying contract addresses, and the risks associated with centralized platforms.
- How can I verify the acquisition of StorX Network?
- To verify acquisition, ensure the asset name, network, and contract details are correct before transferring assets.
- Where can I find official resources for StorX Network?
- Official resources for StorX Network can be found on their website at https://storx.tech and their whitepaper at https://storx.tech/storx_whitepaper_v1.pdf.
