Storj is an open-source, decentralized, cloud storage platform. It is based on the cryptocurrency Bitcoin's (BTC) blockchain technology and peer-to-peer protocols. The Storj network uses its own cryptocurrency, Storjcoin X (SJCX), while its front-end software supports the use of other digital currencies such as Bitcoin and more traditional forms of payment like the dollar. Unlike traditional cloud storage providers, Storj keeps data spread across a decentralized network eliminating the problem of having a single point of failure. It also encrypts all data making it impossible for anyone, including Storj, to snoop on users' files without having a user's private encryption key. In return for offering storage space to the network, users are paid cryptocurrency.