#174 rank
Siacoin

Siacoin sc

Siacoin Price in USD

$0.005

-0.79%

0 ETH

0 BTC

Price Change

MIN

MAX

Siacoin Price Statistics

Current Price

$0.005

Fully Diluted MarketCap

$576,378,980

Total Volume

7,231,682

Total Supply

56,802,495,000

Circulating Supply

56,777,871,943.268

What is Siacoin?

Siacoin is a decentralized, peer-to-peer, cloud data storage platform built on blockchain technology. Siacoin provides a platform that allows for peer-hosted storage of files without a single centralized entity to control the data. Sia itself would store only the storage contracts formed between the parties. In the platform, files of individual users will be broken up and spread across several storage providers, known as hosts. These hosts will need to regularly provide proof of file storage to receive payment and not be penalized

The Team Behind Siacoin

Sia’s public beta version was launched in March 2015 by developers David Vorick and Luke Champine. Sia was founded by Vorick and Champine in 2013 when the pair were computer science students at the RPI in New York. Champine and Vorick are still actively involved in their project and have since added a number of developers and executives to their team

Top Value Drivers For Siacoin

The main reasons to invest in Siacoin gold include:- - Sia is able to offer competitive storage rates because of its decentralized nature. As a result, it is a direct competitor to major cloud storage providers such as Amazon, Google, and Microsoft. - Skynet has announced several products built on top of the Sia network, such as SiaStream, Skynet network - Sia is a decentralized service, there's no single point of failure

FAQs

The current price of Siacoin is USD 0.005.

The total supply of Siacoin is 56,802,495,000 and circulating supply of Siacoin is 56,777,871,943.268

The trading volume of Siacoin is 7,231,682 in the last 24 hours.