Digital Asset Fundamentals (Digital Asset) - TiTdoi (TiTdoi.com)


coin summary Siacoin (sc)


- Sia is a decentralized #cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers.
- The only difference is Sia uses blockchain to facilitate transactions Nodes provide storage to clients using the Sia blockchain as contracts.
- Before storing the data, the data is encrypted into many pieces and uploaded to different hosts.
- Siacoin is created by David Vorick and Luke Champine of Nebulous Inc.
- As the traditional storage platforms are higher in cost, more expensive and data is not well protected.
- Siacoin promises to offer secured storage transactions with smart contracts which is more affordable and reliable.
- Moreover, it is completely open source which means many individuals have contributed to Siacoin’s software hence there will be an active community building innovative applications on top if the Sia API.
- In 2018, Siacoin aims to introduce file sharing and be the goto cloud storage platform for companies.
- Their goal is divided into 3 time frames which are shortterm, mediumterm and longterm development.
- Shortterm development focuses on file sharing between Sia users.
- This allows Sia users to share files in the platform without having to take it off the cloud while increasing network utilization.
- Mediumterm development’s goal is to enhance partnerships.
- This means reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework.
- Lastly, longterm development aims to expand its horizon to share files with nonSia users and support mobile wallets.
- .

Summary of the coin Siacoin

Summary of the coin Siacoin


market value (Market Capital) Ranked 178

Current Price: 0.01 $USD (+0.79%)
highest price statistics: 0.09 $USD
circulated (Circulated): 56,952,767,066.27 coin
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Siacoin


SC<->USDT

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at news date
1 S Korea proposes FSC screening of crypto execs before employment 2024-02-05
2 Global securities body IOSCO unveils crypto regulatory framework proposals 2023-11-17
3 US FSC to discuss illicit activity in crypto at upcoming hearing 2023-11-13
4 UNESCO and Netherlands design AI supervision project for the EU 2023-10-06
5 Base Network hits almost 2M transactions in a day still lags Polygon BSC 2023-09-17
6 Nigeria to issue verifiable blockchain certificates for NYSC 2023-08-10
7 US FSC Chairman eyes regulatory clarity for crypto stablecoin ecosystems 2023-07-24
8 Bitcoin forks BCH BSC and XEC soared last month but are the gains organic and sustainable 2023-07-06
9 Crypto should mimic TradFi rules Global securities regulator IOSCO 2023-05-23
10 Intl securities body IOSCO prepares crypto regulation report for 2023 2023-04-07
11 Taiwan watchdog FSC to assume authority on crypto regulation 2023-03-20

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Bitcoin's Greed and Fear Index.

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