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Siacoin current price is $0.008897.

siacoin Siacoin (SC)

$0.008897
-8.05% (24H)
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Market CapVolumeAvailable Supply
$499.08 M $13.05 M56.72 B SC

Siacoin current price is $0.008897 with a marketcap of $499.08 M. Its price is -8.05% down in last 24 hours.

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 Siacoin... Read More

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