Question 1

What is StorageChain (WSTOR)?

Accepted Answer

StorageChain (WSTOR) is a decentralised cloud storage and file-sharing platform that utilises blockchain technology. It integrates the InterPlanetary File System (IPFS) to offer a highly secure and distributed file storage solution. The platform relies on a network of "storage nodes" to store and retrieve data in a peer-to-peer manner, ensuring security, availability, and speed. Built on the Substrate framework, StorageChain is compatible with Ethereum, allowing users to benefit from Ethereum-based smart contracts and features. StorageChain employs a Proof-of-Stake (PoS) consensus mechanism to maintain network integrity and energy efficiency.

Question 2

What is StorageChain (WSTOR) used for?

Accepted Answer

StorageChain's primary use case is decentralised data storage. By leveraging a distributed network, it aims to offer a more secure alternative to traditional cloud storage services like Google Drive or Amazon S3. The platform is particularly focused on ensuring data privacy and integrity, which is enhanced through its integration with IPFS. The native cryptocurrency, STOR, is used to reward participants who provide storage and bandwidth services. WSTOR, an ERC-20 token, acts as the wrapped version of STOR, facilitating trading on the Ethereum network and decentralised exchanges (DEXs).

Question 3

Who created StorageChain (WSTOR)?

Accepted Answer

StorageChain is developed by StorageChain LLC, with its headquarters focusing on pioneering decentralised file-sharing and storage solutions.


WSTOR	ERC20	ETH	0x346B46280f559DEF274f80c5d16471b4b7EF2f14	2024-08-30
WSTOR	ERC20	POL	0xcFa0BFA4972423eAf8d3B7AF7E2AcE41C56515F7	2024-01-22
WSTORV1	ERC20	ETH	0x50B275a15E4F5004AA96F972a30E6A9C718b203f	2023-07-11