SIA Later Data Takers

By DeeCentralized | DeeCentralized | 23 May 2022

Almost every site or application you use wants your information. Your data helps them to perform better by identifying your needs as a user. Plus, it can usually be sold for a pretty penny. Decentralized applications and platforms are changing this narrative. Sia, a decentralized cloud storage platform, is offering a more secure and private storage solution for your information on the blockchain.

Simply upload to the platform to become a "renter". Your information will be divided up, encrypted, and sent to multiple nodes on the network to be stored. These nodes are known as "hosts" and they have contributed their excess storage space to the Sia network in exchange for Sia rewards. Since the hosts only receive pieces of your encrypted file to store, you will be the only person able to access your data. 

With a price of $0.00003447 USD on 8/28/2015, Sia reached it's all time high on 1/6/2018 with a price of $0.1117 USD. It's value has decreased since, resting at $0.005493 USD on 5/22/22 9:00PM EST. Always make sure to do your own research prior to making any financial investments or consult an financial expert. If you would like to learn more about Sia, consider checking out their website here. Also see if their community meets your standards with their Discord, Reddit, and Twitter

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I'm Danielle, I put the Dee in Deecentralized.


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