Siacoin – SC

Siacoin Info
Today Price 0.00347918$
ATH (ALL TIME HIGH) 0.092868$
ATH Price Percentage Change To Now -96.257041480973%
ATH Date 2018-01-06T00:00:00.000Z
ATL (ALL TIME LOW) 1.262E-5$
ATL Price Percentage Change To Now 27441%
ATL Date 2015-12-28T00:00:00.000Z
Market Cap 178733536$
Total Volume 2348902$
High 24h 0.00351271$
Low 24h 0.00339167$
Price Change Percentage in 7 Day -0.51917%
Price Change Percentage in 30 Day -13.14387%
Price Change Percentage in 60 Day -21.5269%
Price Change Percentage in 200 Day -60.69459%
Price Change Percentage in a Year -75.60869%

Siacoin is the Number 170 Cryptocurrency in the World.
The 0.00347918 symbol is sc and Market Cap is 178733536 Dollars.
sc ATH Was 0.092868 at 2018-01-06T00:00:00.000Z and ATL was 1.262E-5 at 2015-12-28T00:00:00.000Z.
In the last 24h, sc high was 0.00351271$ And the low was 0.00339167$

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.

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