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.

SWOT Analysis: Siacoin (SC)

26 Aug 2023 7 minute read 0 comments Andrey Didovskiy

*Note: a SWOT analysis is an evaluation of the fundamental, operational, technical, social, economic, and even to some degree administrative elements of a project. This is not a model to be used for trading purposes. (NFA, DYOR) Composed of four e...

Should You Invest In Storage Tokens?

11 Jan 2023 1 minute read 10 comments Cryptofab

The storage tokens on Coingecko (a category gathering several storage tokens like Filecoin, Storj or Arweave) has increased by 15% in the last 7 days. Should you invest in blockchain-based storage solutions? There are several different blockchain-bas...

How to Trade Sia?

15 Sep 2022 2 minute read 0 comments 7b Crypto Trading Wallet

With the launch of its native utility token SC, Siacoin is a significant contributor to the DeFi space. If you are considering investing in the Sia cryptocurrency, here are a few essential facts you should know before you decide to trade. What Is S...

List of 5 Utility Tokens: Exploring What Is A Utility Token?

29 Jun 2022 4 minute read 1 comment Swapzone

Unaware to most, the term cryptocurrency is a blanket word used to describe all types of digital assets. In reality, there are actually several types of cryptocurrencies. The majority of them fall into two distinct categories; coins or tokens. Tokens...

SIA Later Data Takers

23 May 2022 1 minute read 0 comments DeeCentralized

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 n...

This Bullish Reversal Pattern Is Another Life Changing Opportunity By Siacoin (SC)

8 Feb 2022 1 minute read 0 comments moon333

  If you like the video then don't forget to upvote/tip and share, thanks   You can also support my work at Patreon for more ideas:   In order to play and watch the current performance of the chart you need at least a...

Final Moments For Siacoin (SC) To Decide The Direction | Siacoin Price Prediction 2022

24 Jan 2022 1 minute read 0 comments moon333

  Don't forget to upvote/tip and share the post, thanks   You can also support my work at Patreon for more ideas:   In order to play and watch the current performance of the chart you need at least a free account on t...

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...