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Siacoin

SC
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Siacoin (SC)

What is Siacoin?

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 go-to cloud storage platform for companies. Their goal is divided into 3 time frames which are short-term, medium-term and long-term development. Short-term 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. Medium-term development’s goal is to enhance partnerships.

Key Facts & Snapshot

  • Symbol: SC
  • CoinGecko id: siacoin
  • Market cap rank (CoinGecko): #463
  • Categories: Smart Contract Platform, Storage, DePIN, Paradigm Portfolio, Proof of Work (PoW), DragonFly Capital Portfolio, Made in USA
  • Genesis / launch date: 2015-06-06
  • Circulating supply (snapshot): 49,751,295,000
  • Total supply (snapshot): 49,751,295,000
  • All-time high (USD, CoinGecko): $0.0929 (Jan 6, 2018)
  • All-time low (USD, CoinGecko): $0.00001262 (Dec 28, 2015)

Market (USD snapshot)

  • Market cap (USD, snapshot): $47.11M
  • 24h volume (USD, snapshot): $2.27M
  • Fully diluted valuation (USD, snapshot): $47.11M
  • 24h price change (snapshot): -3.04%

Network & protocol

  • Hashing / consensus (CoinGecko): Blake2b
  • Block time (CoinGecko): 10 min
  • Country of origin (CoinGecko): US

Official & Community Links

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Siacoin Sectors

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Siacoin is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.

Guides for Siacoin Holders

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