Siacoin Price today
Siacoin, also known as SC, has a price today of 0,0018$ and a market capitalization of 58.371.212$, which is 0,02% of the total. Siacoin has a total of 33.098.297.344 coins in circulation.
In the last 24 hours, the price of Siacoin has decreased -0,0001$, which is -5,56% of its valuation.
What is Siacoin?
Siacoin, in short Sia, is a network of cryptocurrency that provides a decentralized cloud storage option. It takes the control of cloud storage out of the massive providers. It puts the control of the cloud storage into the hands of individuals.
The main competitors of Siacoin are centralized storage providers like Microsoft, Apple, Amazon, and DropBox. Sia offers better and more secure cloud storage than them and it’s also decentralized.
Anyone can access or host the encrypted storage through the Sia platform. Sia uses public ledger of blockchain to verify all the transactions, storage proofs, and contracts. Sia keeps them all secure.
Siacoin offers its users a peer to peer storage ecosystem. Anyone can use personally or rent out the spare spaces of the hard drive. Users need to pay in Siacoin for all services and transactions in the Sia network.
The Sia platform includes both clients and providers; clients as users and providers as hosts. Hosts provide free space from their storage to users. And the users pay for those services in SIacoin. Siacoin offers clients an option to reward providers including with the additional storage fees.
- It offers secure and redundant storage.
- Siacoin is too affordable. It offers flexible market pricing options for its users.
- Siacoin provides full privacy with the storage data. All the processed data on Sia’s network is encrypted. The provider can access his stored data only using a private key.
Sia uses the blockchain technology to combine peer-to-peer networks and create the first decentralized storage platform in the world. Siacoin uses Reed-Solomon erasure coding technology to create file segments. This erasure coding assists Sia to split files in a redundant way. Sia also uses the Twofish algorithm. It’s a secure and open source encryption standard.Visit website open_in_new
|Price in BTC||0.00000017 BTC|
|Current Supply||33.098.297.344 SC|
|24h Volume (coin)||346.538.688 SC|
|24h Volume (currency)||$611.146|
|Last updated||2019-09-12 21:45:09 +01:00 BST|
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