Siacoin Price
SC
How Much is 1 Siacoin (SC)
Convert SC to your currency
Last Updated on Dec 31, 2025 09:04 AM
What is Siacoin?
About the coin
Sia is a decentralized cloud storage platform similar to Dropbox and other centralized storage providers. Instead of renting storage space from a centralized entity, clients rent storage space from other peers. The platform uses blockchain technology to facilitate transactions, ensuring secure and efficient storage solutions.
Main features
Siacoin, created by David Vorick and Luke Champine of Nebulous Inc., offers secured storage transactions with smart contracts, making it more affordable and reliable compared to traditional storage platforms. It is completely open source, allowing a community of developers to contribute to its software and build innovative applications on top of the Sia API.
How it works
Nodes on the Sia network provide storage to clients using the blockchain as contracts. Before storing data, it is encrypted into many pieces and uploaded to different hosts. This ensures data security and redundancy. Siacoin aims to introduce file sharing and become the go-to cloud storage platform for companies, with development goals set in short-term, medium-term, and long-term time frames. These include enhancing file sharing, forming partnerships with large companies, and expanding to support mobile wallets.
Tangem supports networks for Siacoin
Temporarily not supported
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Siacoin FAQ
- Siacoin is a crypto asset running on its own blockchain. It supports peer-to-peer transactions and offers features shaped by the project’s technical framework.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- They refer to the same cryptocurrency. SC is the abbreviated code used in trading platforms.
- Siacoin (SC) is a digital currency designed fordecentralized cloud storage services. It allows users to rent out unused hard drive space to others, ensuring secure and reliable data storage through blockchain technology.
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