Siacoin current market price is $0.002970 with a 24 hour trading volume of $3,074.27K. The total available supply of Siacoin is 51.48B SC. It has secured Rank 190 in the cryptocurrency market with a marketcap of $153.67M. The SC price is 1.8% down in the last 24 hours.
The lowest price of the Siacoin is $0.002970 & the highest price is $0.003088 in the last 24 hours. Live Siacoin prices from all markets and SC coin market Capitalization. Stay up to date with the latest Siacoin price movements. Check our coin stats data and see when there is an opportunity to buy or sell Siacoin at best price in the market.
$0.002970 / $0.003088
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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 2018, Siacoin aims to introduce file sharing and be the go-to cloud storage platform for companies. Their goal is divided into 3 time frames which are short-term, medium-term and long-term development. Short-term development focuses on file sharing between Sia users. This allows Sia users to share files in the platform without having to take it off the cloud while increasing network utilization. Medium-term development’s goal is to enhance partnerships. This means reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework. Lastly, long-term development aims to expand its horizon to share files with non-Sia users and support mobile wallets.Storage Near Protocol Ecosystem
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