The Blockchain – powered Siacoin (SC) increased by 4.09% during a day

January 13, 2018 - By Richard Conner

It was good day for Siacoin (SC), as it jumped by $0.00269999999999999 or 4.09%, touching $0.06873. International Cryptocoin Experts believe that Siacoin (SC) is looking for the $0.075603 goal. According to 2 analysts could reach $0.105073692846977. The highest price was $0.07299 and lowest of $0.06333 for January 12-13. The open was $0.06603. It last traded at HitBTC exchange.
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For a month, Siacoin (SC) tokens went up 496.10% from $0.01153 for coin. For 100 days SC is up 1,386.38% from $0.004624. It traded at $0.01548 200 days ago. Siacoin (SC) has 31.40 billion coins mined with the market cap $2.16 billion. It has coins in circulation. It was founded on 01/06/2015. The Crypto SC has PoW proof type and operates under Blake2b algorithm.

Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.

Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via smart storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file the host does not get paid.

The distrubuted nature of the Sia network enables many optimizations in latency throughput reliability and security. The decentralized nature of the Sia network enables anyone with storage to get paid lowering the barrier to entry and reducing the overall price of cloud storage.

The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta and only uploads that are 500mb or less in size are supported by the wallet.

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