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.

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Coin’s Details

  • Market Capitalization

    $130.7 M

  • Volume 24H

    $5.0 M

  • Blockchain

  • Circulating supply

    41 817 047 634

  • Total supply

    41 817 047 634

  • Proof type

    Proof of Work (PoW)

  • Algorithm

    Delegated Proof of Stake (DPoS)

  • Team Location

  • First announced

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