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What is Siacoin (SC)?

May 10, 2018 By admin_coin

What is Siacoin Crypto Currency?
What is Siacoin Crypto Currency?
A brief description of Siacoin.
Sia is a decentralized cloud storage platform that intends to compete with existing storage solutions, at both the P2P and enterprise level. Instead of renting storage from a centralized provider, peers on Sia rent storage from each other. Sia itself stores only the storage contracts formed between parties, defining the terms of their arrangement.

Siacoin Video

The purpose of Siacoin 

Data storage, Distributated storage

Siacoin Abstract

Sia, a platform for decentralized storage. Sia enables the formation of storage contracts between peers. Contracts are agreements between a storage provider and their client, defining what data will be stored and at what price. They require the storage provider to prove, at regular intervals, that they are still storing their client’s data. Contracts are stored in a blockchain, making them publicly auditable. In this respect, Sia can be viewed as a Bitcoin derivative that includes support for such contracts. Sia will initially be implemented as an altcoin, and later financially connected to Bitcoin via a two-way peg.

More information can be found in the Siacoin whitepaper https://www.sia.tech/whitepaper.pdf

Other Siacoin facts

  • Trading symbol: SC
  • Governance: Centralized > Hierarchical
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Proof of work
  • Emmission rate: No new tokens created
  • Transactions per second:  n/a
  • Total Supply: N/A
  • Release date: 2015-03-17

Usefull Siacoin links

  • Siacoin’s Website
  • Siacoin pricing data & fundamental Siacoin information
  • Siacoin’s Website
  • Siacoin official blog
  • Siacoin’s Bitcointalk Forum
  • Siacoin’s Reddit Forum
  • Siacoin’s block explorer
  • Siacoin’s Alexa site stats
  • Siacoin’s official forum: Unfortunately we don’t have this data available.
  • Siacoin’s Github code repository:
    https://github.com/NebulousLabs/Sia
  • Siacoin’s roadmap:
    https://trello.com/b/Io1dDyuI/sia-public-roadmap
  • Siacoin’s team page: https://www.reddit.com/r/siacoin/comments/4o1tu4/we_are_the_sia_core_team_aua/
  • Siacoin’s whitepaper: https://www.sia.tech/whitepaper.pdf

Filed Under: Siacoin Tagged With: Altcoin, Crypto, Currency, SC, What is?

Other questions related to this cryptocurrency:

  • Is Siacoin (SC) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Siacoin (SC)?
  • How can I contact the Siacoin (cryptocurrency) team?
  • Who is leading Siacoin (SC) crypto?
  • Where to find Historical trading info and past performance on Siacoin (crypto)?
  • Where can I find fundamental analysis of Siacoin (SC)?
  • How to buy Siacoin (SC) cryptocurrency?
  • What is Siacoin (SC)?

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