You ever heard of SIA coin and it important uses

in #cryptocurrency6 years ago

Sia coin is this really cool coin. It allows you to host your files anonymously all over the internet. You do not know the location of your files because it is hosted in several different places in pieces. So no one can hold you information hostage. This also allows you security from people trying to decrypt your files. The big thing is you are anonymous and free from any trace of who you are or where you are from.

How it works. First you must buy some coin and download the wallet. Next transfer the coin you bought to your wallet. What you need is the receive address to the wallet. Now don't be scared if the number seems to change every time you ask for the address. This is done to allow you to be even more anonymous. These addresses can be used to host and number of different files all over the place. Your wallet is the only place that knows the location of the files. I must mention to never loose your passphrase/password. The one created when you first start your wallet. Keep it safe or loose all your coins and data for good.

This begs the thought that people in crime can use this to store all there information and get it anywhere in the world any time they want. All you need is your SIA wallet and a computer to get your files. How easy can it be. You can wipe all the data when your done and never have to worry about loosing any valuable information. This could be useful for bookies, crime bosses, money laundering, and much more. The sky is the limit on what can be stored with SIA coin. Since everything is encrypted and never wholly stored in one place it is safe from prying eyes.

Please comment your thoughts on this provocative information. Don't forget to like, comment and resteem. Thanks for reading this article on SIA coin cryptocurrency.

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Very interesting. I haven´t know that in detail.

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