StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google Drive are combined with solid open source technologies. It wants to democratize the monopolized cloud service industry. Its technology allows consumers to rent storage from individual farms rather than a centralized service provider. Moreover, it is an open-source initiative.
The most important component of today’s information-driven businesses is data. The better decision-makers understand their employees’ needs, industry trends, and client expectations. It can also plan for future growth more strategically. This demand has fueled massive growth in decentralized cloud storage.
If you want to put your spare disk space to use, contribute to the future of cloud storage, and get paid, the StorX node is for you. Anyone can run a network node and earn SRX tokens. The network combines Google Drive with trusted open source technologies. It also rewards good performers and punishes poor performers. It assesses node reputation using an AI system.
The three main components of StorX Ecosystems are the User, the Star, and the Satellites. On the StorX platform, the SRX token serves as a payment currency. The user who hosts the data must pay in SRX, and the farmer who hosts the node will receive it in SRX.
Operators of Nodes
The primary role of storage node operators is to assist the network in establishing storage supplies. The inclusion of nodes in the network, as well as their reputation, is determined by node reputation.
Reputation of Nodes
StorX is built on a scalable and reliable node reputation system. The advanced StorX AI system measures the Node’s stability and performance. The system uses reputation measurements to keep adversaries out of the network, thereby improving security, dependability, and durability.
Inclusion of a Network Node
The network has a one-of-a-kind procedure for adding new nodes. When a storage node joins the network, its reputation is set to 0 by default. When a new file is uploaded to the StorX network, the Satellite adds unvetted nodes to the target list while preserving file durability. A satellite is a set of machine learning methods used to improve payload distribution on a node.
Unvetted nodes must provide proof-of-work in order to store data. The Node is chosen for broad upload after being vetted. The reputation of a node grows over time as it stores data and generates proof-of-work for it.
Choosing a Node
The standard storage nodes are selected based on their throughput, latency, dependability, uptime history, and geographical location. All uploads are forwarded to qualified nodes as part of the load-balancing process, with a preference for recommended nodes but a possibility for any qualified node. The system keeps track of the Node’s activity. If it provides download statistics, passes audits, and maintains uptime, its reputation score grows over time.
Node Reputation, Rewards, and Penalties
The node wallet’s reward eligibility is determined by its node reputation. The StorX Governance team is well-known. The mark denotes the Node’s status as an active network member who is eligible for $SRX incentives. To accommodate the growing network, the StorX Governance team may modify this barrier. Penalties are in the form of $SRX tokens for low-reputation nodes. Token staking/reward penalties are automatically deducted by AI. For community accountability, the entire procedure is kept within the smart contract.
When Storage Node operators maintain Good Node Reputation, the StorX Ecosystem runs smoothly. Poor-performing nodes may be disqualified, resulting in no “hosting and staking incentives.” Staked SRX may be burned as a punishment if it causes repeated damage to the StorX Storage Network.
Reasons for a Positive Node Reputation:
Establish a solid cloud infrastructure. Stake in $SRX boosts “Good” Node Reputation Ensure that there is no downtime. Always keep nodes up to date with the most recent patches and operating system updates.
Reasons for a Node’s Bad Reputation:
Incorrect node configuration, such as being unable to connect to the specified port. Response time of nodes The primary app receives little traffic. If you configure the Node correctly, it will be considered for storage and its reputation will improve.
Keeping a Good Reputation
A robust node meets all of the readme’s requirements. As it remains active in the network, its reputation will grow. Because a node’s reputation is determined by its contribution to the network, increased network activity results in a higher reputation. To build a reputation, node owners (farmers) are encouraged to distribute and use the StorX App as much as possible. To check a farmer’s reputation, go to the farmer dashboard. The team is developing a dedicated dashboard to display the Node’s data.
Community that is open
Another advantage is that StorX is always open to suggestions and ideas to improve the farm node’s reputation-based reward and punishment mechanism. They take recommendations seriously because they will aid in the establishment of a better and more simplified node reputation environment.
To summarize and conclude, SRX is a utility token that drives the StorX data storage marketplace on the StorX mainnet. Operators must install Node and earn SRX. Also, use SRX to save data and pay. Node operators must maintain a good node reputation in order for the StorX Ecosystem to function properly and for operators to earn money through the Node and its reputation.