[cryptocurrency_widget type=”leaderboard” symbol=”SC~USD” template=”basic” color=”default”]

Breaking news

Preview video

Siacoin provides a decentralized cloud storage, where you can rent your HDD space or buy storage space.

Verified network (?)

Live product (?)

Cheaper then competition (?)

HW wallet (?)

Competition to cloud storage giants (Dropbox, Google) (?)

Start date: 25/08/2015

 ICO Price: N/A

 System: Proof of work

Headquarters: Boston, USA

The authors introduce 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.

source: https://www.sia.tech/

Project timeline

[timeline id=1076]