What is SiaCoin(SC)?
Siacoin (SC) is an open-source, blockchain-based, decentralized cloud storage platform like Google Drive, Dropbox, and Amazon Cloud. SiaCoin unites together a large amount of unused storage space and couples it with a blockchain to make encrypted and decentralized cloud storage. Thus, it eradicates the need for trusting centralized data centers.
Sia started in September 2013 as a project by David Vorick and Luke Champine when they were both undergraduate computer science students at Rensselaer Polytechnic Institute in Troy, New York. The original Sia project was conceived at HackMIT 2013. The first beta was launched in March 2015. The stable Sia network officially launched on June 2, 2016, after few more Beta releases. Nebulous has received funding from companies like Procyon Ventures, Raptor Group, IN Blockchain, Fenbushi Capital and investor Xiaolai Li for development.
How does SiaCoin(SC) work?
Siacoin is the cryptocurrency used by Sia. Blockchain technology is used in two different ways on the Sia network. The first use is its cloud storage services. Siac and Siacoin may seem familiar to traditional peer-to-peer file sharing networks, but its differences are in the blockchain technology. Sia offers users encrypted file sharing across the network and stores data files across some different “nodes,” or hard drives, across the network. By decentralizing and encrypting the data, Sia can provide unprecedented data security.
Siacoin is similar to other cryptocurrencies in some ways. All siacoin transactions are confirmed through the open-source blockchain. This particular cryptocurrency is used to enable decentralized payments via file contracts. To pay for this storage, users must use Siacoin.
How to buy SiaCoin(SC)?
Based and fully regulated in the USA, Bittrex is the go-to spot for traders who demand lightning-fast trade execution, stable wallets, and industry-best security practices. Shapeshift is an innovative new low-friction cryptocurrency exchange that doesn’t have a lengthy signup process. Simply set your input to a currency that you have, set the output to Siacoin, put your Siacoin address in the box, and click start. Poloniex is a US-based cryptocurrency exchange offering maximum security and advanced trading features. Another way is to buy bitcoin and go for an exchange. Exchanges of Bitcoin and Siacoin can be done through Shapeshift. Then trade for SiaCoin.
SiaCoin(SC) Price prediction 2018
SiaCoin(SC) can be a profitable investment option. Siacoin price equal to 0.0620 USD at 2018-01-12. If you buy Siacoin for 100 dollars today, you will get a total of 1612.310 SC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 0.09038 US Dollars. With a 5-year investment, the revenue is expected to be around +45.72%. Your current $100 investment may be up to $145.72 in 2022. The price today is $0.062686 and having a current supply of 31,396,146,174 SC. The market cap value marked is $1,968,101,959 and volume is $116,111,000. SiaCoin(SC) price today, SiaCoin(SC) price chart, how to buy SiaCoin(SC), where to buy SiaCoin(SC), SiaCoin(SC) mining, SiaCoin(SC) mining software, SiaCoin(SC) features, SiaCoin(SC) history, SiaCoin(SC) exchanges.