What is SC?
SiaCoin is a distributed cloud storage platform, which liberates unused storage space. It competes with centralized legacy competitors such as Dropbox, Amazon, Apple, and Microsoft. It is a decentralized storage platform secured by the blockchain technology. The storage platform uses underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and at a lower cost than the available traditional storage providers. The idea of SiaCoin allows anyone around the world to rent out their storage space and in return, reward them for their contribution. Additionally, the cold storage services are presently decentralized, and data is stored on a third party server. SiaCoin allows the storage to be decentralized since all the users contribute all the resources. Using SiaCoin makes your files completely private because Sia encrypts and distributes the files across a decentralized system. In fact, all users can control their private encryption keys, and they own their data.
Official Website: https://www.sia.tech
Block Explorer: https://explore.sia.tech/
White papers: http://sia.tech/assets/globals/sia.pdf
Disclaimer: This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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