About the Siacoin – SC Cryptocurrency Review! Siacoin appears to disrupt the cloud-storage industry using a truly decentralized information storage option. Instead of a centralized static server address, the Sia network provides decentralized blockchain storage.
Siacoin brings both the blockchain technology into the cloud storage area. Rather than building gigantic servers that cost a whole lot of money to maintain, they’re actually building a network of people who anyone can join and lend their free space to others and make some cash.
Sia was created by David Vorick and Luke Champine of Nebulous Inc, a VC-funded startup in Boston. The thought of Sia was originally conceived at HackMIT 2013.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Siacoin’s wallet is the sole method to store SC, along with the money is utilized to electricity transactions in the Sia ecosystem. Essentially host servers are suppliers and client servers are customers. Users compensate hosts in Siacoin for hosting consumer data in a free-market crypto-economy.
There are now more than 1.1 petabytes of storage available on the Sia network where only 2 percent is presently used. If Sia would figure out how to acquire at least a single big company on board that available space would immediately vanish, which would indicate a higher need for space, then the purchase price of the Siacoin will skyrocket, because more people would be buying coins to be able to rent out their own space.
Sia’s exceptional p2p storage version could disrupt the cloud industry just like the transportation industry was disrupted by ride-sharing platforms such as Uber.
