What Is Siacoin?

SiaCoin (SC), the cryptocurrency usable in Sia Network. SC is a distributed cloud storage platform, ultimately liberating unused storage space. Anyone can rent out extra space on their PC to the Sia decentralized network and get paid in Siacoin. Similarly, any user who wants to use Sia storage needs to pay Siacoins to a host.

Siacoin is a cloud data storage service similar to something like Google Drive, but also much different. Why is it different, because it is totally decentralized and private storage, also it is extremely cheap compared to the other competitor.

New Type Of Cloud Storage – SiaCoin

SiaCoin is the first decentralized storage platform guarded by blockchain system. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.

Founder Of SiaCoin

Sia was created by David Vorick and Luke Champine of Nebulous Inc, a VC-funded startup in Boston.The idea of Sia was originally conceived at HackMIT 2013.

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