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.

Siacoin $SC confirms its weekly W !

25 Feb 2020 2 minute read 0 comments Kidsarow

Many traders and the Sia community were waiting for it. The "W" weekly has just been confirmed during the closing this Monday at 1 am but what does it mean and what to expect ? Quick reminder Sia is a decentralized storage platform secured by block...

Siacoin (SIA) Price Prediction 2020 - $0.012 Possible? 

25 Feb 2020 6 minute read 2 comments CryptoChartWizard91

Siacoin saw an interesting year of trading during 2019. It opened the year at a price of around $0.0026 and went on to finish the year trading at a price of around $0.00129, causing around a 50% price reduction from open to close. However, the crypto...

Is Siacoin (SC) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

21 Feb 2020 8 minute read 12 comments CryptoBoomer

The world of blockchain had been criticized for a very long time due to the lack of real use cases. Many newer altcoin projects were just trying to solve the exact same problems and did not really introduce anything new except for faster speed or di...

BIG news from Sia - Skynet has launched

20 Feb 2020 1 minute read 5 comments Farmer Chad

Sia, the decentralized CDN and file sharing platform secured on it's own blockchain, has shipped an awesome product, that makes decentralized hosting incredibly easy. It is indeed fair to say this is a big deal, and even though most will not be awar...

Skynet is coming! Shout out to the SIA team!

18 Feb 2020 1 minute read 1 comment DaniBom

The war for a free internet is ongoing and the tech developed by the SIA team is going to impact it! Siacoin (SC) is a leading cloud storage platform that does not have sign-ups, servers, or trusted third parties. Sia leverages blockchain technology...

SIACOIN (SC) launching SiaStream Beta!

1 Feb 2020 1 minute read 0 comments DaniBom

Siacoin genesis block was June 6th 2015, so this coins is over 4 years old, a very long time in crypto. Sia provides a decentralized cloud storage, where you can store your files and data on the cloud with privacy and without the risk of being kicked...

Siacoin (SC) Is Forming Bullish Butterfly And Completing The Bullish Setup For Upto 170% Big Gains

5 Jan 2020 1 minute read 0 comments moon333

The Priceline of World's 72th ranked cryptocurrency out of more than 2300 cryptocurrencies Band Protocol Siacoin (SC) is forming bullish Butterfly pattern and expected to enter in bullish potential reversal zone soon. Lets have a look on the Sia pric...

What is Siacoin (SC)? [A Comprehensive Guide to Understanding Siacoin]

9 Nov 2019 6 minute read 1 comment Mr.CryptoWiki

There’s no question that blockchain is a revolutionary and innovative technology. Its distributed framework allows transparency, automation, and decentralization to create a true peer-to-peer system – without middlemen – allowing people to truly own...

SC / BTC technical analysis [BINANCE]

29 Sep 2019 1 minute read 0 comments MrBullishSail

SC seen from the 1W temporary we can see how the previous candle has closed bullish above the consolidation but without testing the resistance located at 0.00000020, however, the RSI indicator shows bullish signal after the moving average of 14 m...

Siacoin: A file storage coin rewarding the host for renting their hard disk space to the renters

12 Sep 2019 4 minute read 0 comments QuintoTrader

            Siacoin is a native cryptocurrency created on Siacoin blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decentralized asset. Siacoin...