Don't have an account yet? Register now to start trading all your favourite coins.
  • 1D
  • 1W
  • 1M
  • 1Y

SiaCoin

Sia is a project that wants to make decentralized data storage possible. The concept behind this is relatively simple. Virtually everyone has unused storage on his computer. This storage can be used so that other people can use it. The users then pay the owner of the storage for their use. For example, people who need storage need a cheap solution and people with a lot of unused storage have a way to earn money here.

Siacoin started in September 2013 as a project of David Vorick and Luke Champine when they were both computer science students at the Rensselaer Polytechnic Institute in Troy, New York. The original Siacoin project was designed on HackMIT 2013. While most cryptocurrency projects were currently focused on digital assets as a means of exchange, theorists Vorick and Champine about a better system that would create intrinsic value for their holders by using their token as payment for file storage. In addition to storing data, Sia wants to develop applications that will make the service extra valuable to make. Because Sia is open-source, every programmer in the world can contribute to this. With a maximum circulation of 44.55 billion SC in July 2020 and thereafter 1.57 billion will be recovered every year by mines . Inflation will be around 3.4% at the beginning and then decrease to 2% per year.

Read more

Company

  • United States of America
  • Website
  • 2014

Information

Coin info

  • 41817000000
  • N/A
  • # 64

Fundraising

  • NA
  • NA - NA
  • NA

Social media

Promotions

Latest news

Swiss Bitcoin Bank: UBS, Credit Suisse Interest 'Clearly Picked Up'

23-09-2019 / 10:53
Read more

Bakkt Exchange's Bitcoin Futures See Slow Start on First Day of Trading

23-09-2019 / 10:30
Read more

Bitcoin Price: Bears Eye $7.7K to Capitalize on Lukewarm Bakkt Debut

23-09-2019 / 10:24
Read more

MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge

23-09-2019 / 10:11
Read more

Int'l Accounting Standards Body Defines Bitcoin as 'Intangible Asset'

23-09-2019 / 09:35
Read more

Sorry BitPay, New Bitcoin Upgrade Proposal Disables BIP70 by Default

23-09-2019 / 08:08
Read more

What Billions in Fed Repo Injections Reveal About the Promise of Bitcoin

23-09-2019 / 08:00
Read more

Bakkt Trades 18 BTC in First 7 Hours as Bitcoin Price Falls Below $10K

23-09-2019 / 07:27
Read more

Fake Bitcoin Investment Platform From 'Elon Musk' Promises 4,000% ROI

23-09-2019 / 07:19
Read more

VanEck, SolidX Drop Bitcoin ETF Race, SEC Approval Until 2020 Unlikely

23-09-2019 / 06:54
Read more

US Attorney's Office Indicts Two Suspects in EtherDelta Hack

23-09-2019 / 04:57
Read more

Bakkt Is Finally Launching Its Bitcoin Futures Today. Here's What to Expect

23-09-2019 / 01:00
Read more

Bakkt's Much-Anticipated Bitcoin Futures Trading Platform Goes Live

23-09-2019 / 00:01
Read more

Kraken and Coinbase Among the Cleanest Crypto Exchanges: BTI Report

22-09-2019 / 23:00
Read more

Hours Before Bakkt: Top-20 Cryptos See Major Losses, but Bitcoin Is Up

22-09-2019 / 21:04
Read more

Altcoins Soar, Zuckerberg Turns on Charm, North Korea's Coin: Hodler's Digest, Sept. 16–22

22-09-2019 / 18:05
Read more

Do Crypto Payment Restrictions Undermine Blockchain's Core Values?

22-09-2019 / 17:07
Read more

Top-5 Crypto Performers: XLM, MIOTA, ETH,TRX, XRP

22-09-2019 / 16:05
Read more