SRX StorX Rank #627

StorX (SRX) is a decentralized cloud storage protocol built on the XDC Network. The platform enables users to encrypt, fragment, and distribute their files across a global network of independent hosting nodes, eliminating reliance on centralized storage providers. By leveraging blockchain technology, StorX creates an open marketplace where data hosts and storage seekers interact directly, with smart contracts coordinating the storage, verification, and retrieval of data. Users retain full control and ownership of their information, granting access only to authorized parties without any intermediary. The SRX token functions as the native utility asset of the network, used to pay for storage services, reward node operators who contribute disk space and maintain uptime, and govern participation within the ecosystem. StorX falls within the decentralized physical infrastructure networks (DePIN) category, applying blockchain-based coordination to real-world storage hardware, and aligns with the broader XDC Ecosystem as a utility layer serving enterprise and developer use cases on that network.