Sia is a decentralized cloud storage platform that uses a blockchain to facilitate payments
What is SiaCoin (SC)?
Sia is a cloud storage platform like Google Drive, Dropbox, and the Amazone Cloud. It is a decentralized, peer to peer online data cloud-storage service which runs over the blockchain network and also has a native currency of the network called Siacoin. In short, it is a decentralized cloud where data is stored on the blockchain. Sia joins together a large amount of unused storage space and couples it with a blockchain to make encrypted and decentralized cloud storage.
SiaCoin (SC): History
Sia is the brainchild of David Vorick and Luke Champine who established Neboulous Inc. in Boston. Sia was first founded in 2013 between the two founders, and the first beta was introduced in March 2015. The stable Sia network officially launched on 2nd June 2016 followed by many Beta releases.
After receiving a lot of positive response about the project, Vorick and Champine decided to pursue the project full time. Sia was able to raise money through a crowdfunding campaign where “Sianotes” were sold on the NXT platform, and then later exchanged for Siacoins.
How Does SiaCoin (SC) Work?
Sia works similar to the popular file-sharing technology called Torrents. Once the user uploads to Sia network, the file is encrypted and broken into tiny pieces which are then hosted by the hosters of the network. The original user holds the decryption key, and no hoster has a significant amount of data, so the data is safe. It is possible for the user to retrieve the data on demand. Sia works with Proof of Work (PoW) for validation. The users required to pay for this service using Siacoin, the native currency of the network.
How to Buy SiaCoin (SC)?
First of all, get a SiaCoin wallet for storing your coins safe. Now give a password for your wallet. Make sure that you won’t forget this password. Then buy Bitcoin by using Coinbase. The exchange for SiaCoin.
SiaCoin (SC) Price Prediction 2018
SC can be a profitable investment option. Siacoin price equal to 0.0277 USD at 2018-02-20. If you buy Siacoin for 100 dollars today, you will get a total of 3609.440 SC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-17 is 0.0596 US Dollars. With a 5-year investment, the revenue is expected to be around +115.16%. Your current $100 investment may be up to $215.16 in 2022. SiaCoin (SC) price today is $0.027652 and have the current supply of 32,599,781,097 SC. The market cap value is $901,449,147 and the volume is marked as $18,461,000. SiaCoin price prediction, SiaCoin price forecast, SiaCoin price and news, SC price forecast, SC price prediction 2018, What is the price of SiaCoin 2018.