Data is the most important component of today’s information-based business. Decision makers better understand their employees’ requirements, industry developments, and customer expectations. Also, he can plan more strategically for future growth. This need has led to a massive development in decentralized cloud storage.
StorX aspires to be the pioneer of decentralized cloud storage. Convenient enterprise-grade storage options such as Google Drive are combined with powerful open source technologies. It wants to democratize the monopolistic cloud services industry. Its technology allows consumers to rent storage units from individual farms rather than from a central service provider. Furthermore, it is an open source initiative.
The StorX node is for you if you want to run up empty disk space, contribute to the future of cloud storage, and get paid. StorX is a decentralized cloud storage service powered by the XinFin blockchain network. Anyone can run a node on the network and earn SRX tokens. The network integrates Google Drive with reliable open source technologies. It also encourages good performers and eliminates bad performers. An artificial intelligence system is used to evaluate a node’s reputation.
User, star, and satellite are the three essential parts of the StorX ecosystem. The SRX token is a payment currency on the StorX platform. The user hosting the data must pay in SRX format, and the farm’s hosting node will receive it in SRX format.
The primary role is to help the network as storage node operators create storage supplies. The inclusion and reputation of nodes in the network depends on the reputation of the node.
StorX is based on a robust and scalable node reputation system. The advanced StorX AI system measures Node’s stability and performance. The system uses reputation metrics to exclude adversaries from the network, enhancing security, reliability, and durability.
Network Node Include
The network offers a unique procedure for adding additional nodes. When a storage node enters the network, its reputation is set to 0. When someone uploads a new file to the StorX network, the satellite adds unrealized nodes to the target list while maintaining file robustness. Satellite is a series of machine learning methods that optimize payload distribution on a node.
Uncorrected nodes must provide proof of work for data storage. After checking, the node is selected for the wide load. A node’s reputation rises over time because it stores data and produces proof of work for it.
Standard storage nodes are chosen based on throughput, response time, reliability, uptime history, and geographic location. As part of the load balancing process, all downloads are redirected to eligible nodes, with the recommended nodes being preferred but with the possibility of any eligible node. The system monitors the activity of the node. Its reputation grows over time if it provides download statistics, passes audits, and maintains uptime.
Rewards, penalties and reputation node
A node’s reputation is used to determine the eligibility of a node’s wallet reward. The StorX Governance team has a good reputation. The mark indicates Node’s reputation as an active member of the network who is eligible for the $SRX Incentive. The StorX Governance team may change this barrier to accommodate the growing network. Penalties for nodes with a low reputation amount to SRX tokens in USD. The AI automatically deducts the reward/token fines. The entire procedure is kept within the smart contract to hold the community accountable.
The StorX ecosystem works flawlessly when storage node operators maintain a good reputation for the node. Poorly performing nodes may be disqualified, resulting in no “host incentives”. Staked SRX may be burned as a penalty if it repeatedly damages the StorX Storage Network.
Reasons to support Node’s good reputation:
- Provide a solid cloud infrastructure
- SRX’s dollar stake increases the ‘good’ node’s reputation
- 100% uptime guarantee
- Always keep your nodes up to date with the latest patches and OS updates.
Reasons for poor reputation of the node:
- Incorrect node configuration, such as not accessible on the specified port.
- Node response time
- Low traffic on the main app
- If you configure the node correctly, it will be considered for storage, and its reputation will rise.
Maintain a good reputation
Strong knot meets all primer criteria. Its reputation will grow as it remains active in the network. Since a node’s reputation depends on its contribution to the network, more network activity means a higher reputation. Contract owners (farmers) are requested to distribute and use the StorX app as much as possible to build a good reputation. Access the farm dashboard to check reputation. The team is working on a dashboard dedicated to displaying node data.
One of the other plus points, StorX is always open for input and ideas to improve the reputation-based reward and punishment mechanism for the farm node. They take recommendations seriously as they will help create a better and simpler reputation environment for Node.
To summarize and conclude, in simple terms, on the StorX mainnet, SRX is a useful token driving the StorX data storage market. Operators need to set up Node and earn SRX. Also, save data and pay with SRX. Node operators need to maintain a good reputation for the node to ensure that the StorX Ecosystem operates optimally and win over operators through Node and its reputation.