Siacoin (SC)

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Siacoin (SC) is a decentralized cloud storage platform that was originally conceived of in 2013, before launching a public beta in 2015. 

Decentralized cloud storage systems have several advantages over centralized cloud systems including being more secure and less expensive. The Sia team, like other cloud computing-focused projects, have made it clear that the technology now exists where individuals can form communities that rent out computing resources, as opposed to the current system where these services are handled by a select few companies. 

Written in GO, through smart contracts and the blockchain, Siacoin lets users rent out free space on their computer to other users on the network and are rewarded for doing so with Siacoin tokens. The network utilizes a Proof-of-Work (PoW) consensus mechanism.

Achievements in the past year include releasing a metadata backup solution, which ensures a reliable backup solution. This was later improved with seed-based file recovery. Sia’s current development objectives, in the short term, are to release more developer features, improve the user experience and improve network infrastructure. 

In order to attract and retain more users on the network, the Sia team is improving the user experience to make it more intuitive. While a GUI already exists, the team plans to introduce an alert system and a partial chunk upload system, letting them pay for smaller quantities of data. Developer goals include creating an SDK library and preparing documentation to help developers build applications on the platform. 

Long term goals include file sharing and multi-device file systems i.e. being able to use Sia on different devices.

In this tag, read Siacoin (SC) news, price predictions, opinions and analyses created by users.

What is Filecoin? How is it Different From Storj or Siacoin?

24 Jan 2022 3 minute read 4 comments 0xbeetee

We’re living in an exciting transitional time wherein the Internet is slowly shifting to its next evolution, primarily geared towards a more decentralized user experience. Cryptocurrencies, NFTs, and other blockchain technologies are just the beginni...

Siacoin (SC) Dropped At The Support Of A Pennant For Another Possible Reversal Move

9 Jan 2022 1 minute read 0 comments moon333

  Hi dear friends, hope you are well and welcome to the new trade setup of Siacoin ( SC )Bearish Pennant:On a daily time frame, Sia has reached at the end of a bearish pennant and the movement is squeezed. Therefore, at any time it can breakout or b...

Siacoin (SC) Is Getting Extremely Oversold

29 Dec 2021 1 minute read 0 comments moon333

Hi friends, hope you are well, and welcome to the new update on Siacoin ( SC ).Brokedown a channel:On a weekly time frame, priceline of Sia was moving in a down channel but now it has left the channel and now moving below the support. But the Stochas...

5 and Below

30 Nov 2021 8 minute read 2 comments Zoharks

Cryptocurrency, or what I like to call Crypto-assets, had the 8th largest economy in 2021. The boom of centralized exchanges made it easier to be a part of the future. As a result, stores of value are slowly becoming what people think especially con...

Skynet and Siacoin: The Project to Keep Your Eyes On

22 May 2021 2 minute read 0 comments knowltox

Siacoin is an altcoin that is tied to a specific project: Skynet. If you’re like me, the first thing you said is: “wait, isn’t that from Terminator?” And yes, Skynet is from the Terminator movie franchise, but this project has nothing to do with cybo...

CC274 - SIA Astonishing Decentralized Cloud Storage Infrastructure

15 May 2021 1 minute read 0 comments Chesatochi

  ⏰ Time Stamps ⏰ 00:00 Introduction00:36 The main page of SIA05:03 About SIA06:11 Technology of SIA11:32 Welcome to SIA12:45 Documentation of SIA13:37 Decentralized internet for a free future Introduction of SIA Centralized cloud storage is very...

What Is Siacoin Cryptocurrency? All About SC Coin. How To Mine Siacoin? Where To Exchange Siacoin? How Do You Buy Siacoin?

26 Apr 2021 3 minute read 9 comments StealthEX

What Is Siacoin Cryptocurrency? Sia is a decentralized platform that provides a cloud storage service. With it, users can provide free space to others or place their files in encrypted storage, and all contracts, proof of content, and transactions ar...

The Magnificent Seven: HOT, FIL, BTT, SC, HNT, RUNE, DENT – Biggest Gainers from March 26th to April 2nd

3 Apr 2021 2 minute read 1 comment 0xJonnyDee

In this article, I will take a look at the seven altcoins that increased the most over the past seven days (March 26th – April 2nd). Note these are top gainers in top 100, there are other projects that have gained more that have smaller market caps....

Blockchain Cloud Storage: Filecoin (FIL), Storj (STORJ), Burst (BURST)... oh yeah, & SiaCoin (SC)

29 Mar 2021 12 minute read 4 comments NOVAX

Checkout my recent update on Filecoin here: IPFS is the HTTP of the decentralized internet. Filecoin (FIL) & IPFS are complimentary protocols. Now I understand why FIL is mooning I recently wrote about how I started doom-scrolling airdrop boards as...

Five Biggest Altcoin Gainers From March 15th to 22nd

22 Mar 2021 2 minute read 0 comments 0xJonnyDee

During the week of March 15 – March 22, these were the biggest altcoin gainers: Dent (DENT) – 201% VeThor Token (VTHO) – 134% BitTorrent (BTT) – 118% Pundi X (NPXS) – 107% Siacoin (SC) – 88%   Biggest Altcoin Gainers DENT has increased consid...