05/30/2024
BTC67,787.0
ETH3,923.76
USDT0.998912
BNB593.24
SOL171.09
USDC1.0
XRP0.537005
DOGE0.171579
BUSD1.005

Siacoin (SC) Price

SC
4,6
$0.00733415
Market cap
420,146,432.0
Total volume
6,260,727
Circulating supply
57,287,424,483
Total supply
57,313,425,000
Sia represents a revolutionary approach to cloud storage, functioning as a decentralized network, akin to platforms like Dropbox but with a key distinction: it leverages peer-to-peer rentals over traditional centralized server use. This divergence is powered by blockchain technology, where storage obligations are encoded as blockchain-based contracts. All data is securely fragmented and dispersed across various hosts, ensuring enhanced protection and privacy.

Developed by David Vorick and Luke Champine from Nebulous Inc., Siacoin emerged as an innovative solution amidst costlier, less secure traditional cloud storage services. By utilizing blockchain's smart contracts, Siacoin introduces a more economical and trustworthy storage solution. Its open-source nature has spurred a vibrant community of developers dedicated to expanding its capabilities, paving the way for novel applications through the Sia API.

Looking ahead to 2018, Siacoin sets its sights on becoming the premier choice for corporate cloud storage through the roll-out of file-sharing capabilities. The roadmap is segmented into three strategic phases: immediate, mid-term, and long-term objectives. Initially, the focus is on enabling Sia users to seamlessly share files directly on the platform, thus boosting network efficiency. The mid-term vision involves forging partnerships with major entities like Netflix and Dropbox to potentially serve as their foundational storage and distribution mechanism. Finally, the long-term ambition extends towards facilitating file accessibility for non-Sia users and accommodating mobile wallets, broadening its usability and reach.

Homepage: https://sia.tech/
Twitter: sia__foundation
Reddit: siacoin

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