Siacoin - SC - cryptocurrency (Why it will grow)

in #cryptocurrency6 years ago (edited)

Cloud storage is about to change. Are you ready?

What is Sia? Sia is the first decentralized storage platform that is secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is far more reliable and cost efficient than any traditional cloud storage providers.

Here is the map with current active Sia Hosts (You can also follow updated map on Sia offical website http://sia.tech)

Now lets focus on some points why Siacoin - SC will and should grow rapidly and why is it better than the current storage providers that most of the humanity use today. 

1. It's completely private

Sia encrypts and distributes your files across a decentralized network. Only you control your private encryption keys and you own the data. No outside company or third party can access or control any of your files, like they can at current traditional cloud storage providers.

2. It's far more affordable

On average, Sia's decentralized cloud storage costs 90% less than at other cloud storage providers. Storing 1TB of files on Sia costs about 2$ per month, compared with 23$ on Amazon S3.

3. Highly redundant

Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers.

4. Open source

Sia’s software is completely open source, with contributions from leading software engineers and a thriving community of developers building innovative applications on the Sia API.

5. Marketplace on Blockchain

Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for your business, which leads to the lowest possible prices. Renters pay using Siacoin, which can also be mined and traded.

Current price of Sia - SC - you can check here:

https://coinmarketcap.com/currencies/siacoin

Here you can see the yearly chart of growth which you can also visit on the link above: 

I personaly belive in Sia, i haven't invested too much, but i do need to have some shares of this cake. I always make investments with money 'i don't miss', and just leave it be for a while.

You can buy Siacoin - SC on the following 7 exchanges:

  • Bittrex
  • Upbit
  • Poloniex
  • HitBTC
  • Abucoins
  • Bisq
  • BITHOLIC

 Tell us what you think about Siacoin in the comments below.

Tags: #siacoin #sia #bitcoin #cryptocurrency #steem #steemit #crypto #life #money #wealth #investment #dtube #hr1 #bue #vcelier #craig-grant #jerrybanfield #acidyo #sndbox #slowwalker #brian-rhodes #UpvoteForUpvote , #TrevonJB , #CraigRant 

Special thanks and support to: @hr1 , @bue@welcoming , @trevonjb , @jerrybanfield , @craig-grant , @knozaki2015 , @gavvet , @papa-pepper , @curie , @stellabelle , @sweetsssj , @kevinwong , @kingscrown , @officialfuzzy , @steemtrail , @kaylinart , @eveuncovered , @slowwalker , @sndbox , @acidyo , @vcelier , @brian-rhodes . Keep up the great work, without you Steemit would not be the same. 

 

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Siacoin for sure is a great project and probably the most hyped in the storage sector, but while it may have an advantage over Storj, in my opinion PRL has the better tech

I think yes, if i am not wrong bitmain has made the hardware miners for mine sia coin and it is good for sia because there is support from bitmain, but let's wait for it.

Really great and informative article! Siacoin is definitely a great long-term investment and has a lot of potential to succeed.

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