About
What is SIACOIN
Welcome to Sia Coin
Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space.
Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet.
Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.
Siacoin
Siacoin Unique
According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft. Because of its decentralized nature, Sia is able to offer competitive storage rates.Files stored on the Sia network are divided into 30 encrypted segments, with each segment uploaded to a unique host for redundancy. The agreements between uploaders and hosts are recorded on Sia's blockchain and enforced using smart contracts. Siacoin acts as the method of payment on the network, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral.
Siacoin
Where Can You Buy Siacoin (SC)?
Siacoin can be purchased on cryptocurrency exchanges such as Binance, OKEx, Huobi Global and Upbit, among others. It can be traded on spot markets against fiat currencies such as the U.S. dollar and the South Korean won, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and the stablecoin Tether (USDT). Are you interested in buying Siacoin or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.
SIACOIN
Why choose SIA CLOUD WALL
Completely Private
Sia encrypts and distributes your files across a decentralized network. Unlike traditional cloud storage providers, you truly own your data: no third party can access your files or prevent you from accessing them.
Highly Redundant
Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and achieving uptime and throughput that no centralized provider can compete with.
Far More Affordable
On average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1 TB of files on Sia costs about $1-2 per month, compared with $23 on Amazon S3 - bandwidth is also a magnitude cheaper.
Designed for integration
The Sia software exposes highly modular JSON-speaking endpoints. renterd can even scale horizontally: in stateless mode, it provides raw access to the Sia renter-host protocol, with no UI, no blockchain, and no disk I/O — perfect for massive renting operations.
R&D leader
Sia encrypts and distributes your files across a decentralized network. Unlike traditional cloud storage providers, you truly own your data: no third party can access your files or prevent you from accessing them.
Open Source
Sia's software is completely open source, with contributions from leading software engineers. Sia has a thriving community of developers and companies building innovative applications and businesses on top of Sia.
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Contact
Have questions? We’re happy to help.
- info@siacloudwall.com
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