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.

ICON (ICX), Zilliqa (ZIL) and Siacoin (SIA) are showing very promising signs during the dump !

6 Sep 2020 2 minute read 1 comment Djordi

Hi everyone, This will be a quick post that will show something very interesting. During the dump we are experiencing right now, I always like to watch the weekly chart and the indicator OBV, which stands for On Balance Volume. This indicator shows a...

Securing Your SIA: Best Siacoin (SC) Wallets

22 Jul 2020 4 minute read 0 comments ChangeNOW

The advent of cryptocurrencies heralded subsequent advancement in alternative payment solutions as well as diverse investment options. As an aspiring investor or trader, you certainly understand the importance of securing your portfolio. In this piec...

Did Anyone Notice This Incredible Pattern Of Sia Coin??? | Get Ready For 4500% Big Move

16 Jul 2020 2 minute read 2 comments moon333

Hi friends hope you are well and welcome to the new update on Sia coin. On 24th of June I posted two ideas one was Sia with US dollar pair and other one was Sia with Bitcoin pair both ideas executed successfully as below: Sia with US Dollar pair:   B...

How Siacoin is powering the decentralized cloud storage?

4 Jul 2020 4 minute read 14 comments PVM

What is Siacoin (SC) ? Siacoin (SC) is the utility token that powers the Sia Storage Platform, used by hosts and renters for transactions. The current Siacoin price is  $0.0038, being an affordable option for investors. The All-Time-Low was in the e...

Siacoin (SC) Has Surged More Than 460% And Ready For Next Move | Theta Coin Price Analysis (Update)

24 Jun 2020 3 minute read 0 comments moon333

Hey friends hope you are well and welcome to the new update on Sia coin and the Theta coin as well. The Sia coin has formed bullish harmonic patterns in the USD market and the Bitcoin market as well. So in today's post 1st we will discuss about Sia c...

Why you should consider investing in Siacoin (SC) for the long term future !

28 Apr 2020 5 minute read 14 comments Djordi

Siacoin (SC) Siacoin project originally got conceived in 2013 by David Vorick and Luke Champine and got officially announced in 2015. The goal of Sia is to create a cloud storage platform that is decentralized. They are different from the cloud stor...

What is FileBase?

27 Mar 2020 1 minute read 0 comments carlkidcrypto

Filebase Filebase is the new kid on the block when it comes to online storage. They are currently offering each user 5 GB of decentralized storage. It is backed by SIA Network. (Source here) What drew my attention to them was their S3-Compatiable API...

Siacoin ( SC ) Is Forming Bullish Shark | Upto 142% Big Profit Move Ahead

5 Mar 2020 1 minute read 0 comments moon333

Hi friends hope you are well, here I have found another profit potential trading idea for you and this time on 12 hour chart the Siacoin (SC) is forming bullish Shark pattern and soon it will be entered in potential reversal zone to move up. Click H...

SIA launch Skynet Hackathon with 2 Million SC in Prizes

28 Feb 2020 1 minute read 0 comments DaniBom

Another week and another great news for SIACOIN ($SC) fans, followers and holders. Last week the Sia team launched Skynet, a decentralized CDN and file sharing platform for application developers. Skynet enables high speed, low cost, and superior inf...

Skynet lauch his first Virtual Hackathon with a reward of 1,000,000 SC!

27 Feb 2020 1 minute read 0 comments Kidsarow

Sia, has just announced its first Hackaton in partnership with Gitcoin with more than $2700 or more than a million SC (1,000,000 SC) for the winner. This announcement comes a week after the announcement of the new Skynet platform which aims to establ...