1H
-0.06%$0.0000
24H
3.27%$0.0001
7D
-2.14%$0.0000
30D
-10.9%$0.0002
Siacoin (SC) aims to provide an open-source low-cost solution for cloud storage, offering encryption and distribution of files chosen for storage by users across a decentralized network of peers. User-controlled private keys give the assertion that no third parties should have access to or control over data stored on the network. As a result, the cloud storage marketplace made available to users of the Sia blockchain is meant to be highly redundant, completely private, and more affordable than many alternatives.
If you’re not familiar with blockchain technology, it can be challenging to understand what COTI is and does. This guide will break down the basics of blockchain technology and explain how COTI uses it to create a better payment system. We’ll also discuss some of the benefits that COTI offers over traditional payment methods.
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