Siacoin

SC Price

What is Siacoin about?

Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage providers, where instead of renting storage space from a centralized entity, clients rent storage space from other peers. The only difference is Sia uses blockchain to facilitate transactions. Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts.

What makes Siacoin unique?

Siacoin promises to offer secured storage transactions with smart contracts, which is more affordable and reliable. Moreover, it is completely open source, which means many individuals have contributed to Siacoin’s software, hence there will be an active community building innovative applications on top of the Sia API.

What's the history of Siacoin?

Siacoin is created by David Vorick and Luke Champine of Nebulous Inc. As traditional storage platforms are higher in cost, more expensive, and data is not well protected.

What's next for Siacoin?

In 2018, Siacoin aims to introduce file sharing and be the go-to cloud storage platform for companies. Their goal is divided into 3 time frames: short-term, medium-term, and long-term development. Short-term development focuses on file sharing between Sia users, allowing Sia users to share files in the platform without having to take it off the cloud while increasing network utilization. Medium-term development’s goal is to enhance partnerships, reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework. Lastly, long-term development aims to expand its horizon to share files with non-Sia users and support mobile wallets.

What can Siacoin be used for?

Sia is a decentralized cloud storage platform, allowing clients to rent storage space from other peers, with the potential for file sharing and other innovative applications.

Where can you buy Siacoin?

SC tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Siacoin is Binance, where the most active trading pair SC/USDT has a trading volume of $271,121.18 in the last 24 hours. Other popular options include Kraken and MEXC.

What is the daily trading volume of Siacoin (SC)?

The trading volume of Siacoin (SC) is $3,255,622.21 in the last 24 hours, representing a 3.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Siacoin (SC)?

Siacoin (SC) reached an all-time high of $0.09287 and an all-time low of $0.00001262. It’s now trading -98.90% below that peak and 7,954.60% above its lowest price.

What is the market cap of Siacoin (SC)?

Market capitalization of Siacoin (SC) is $50,552,202 and is ranked #476 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SC tokens (50 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Siacoin (SC)?

The fully diluted valuation (FDV) of Siacoin (SC) is $50,552,202. This is a statistical representation of the maximum market cap, assuming total number of 50 Billion ETH tokens are in circulation today.

How does the price performance of Siacoin compare against its peers?

With a price increase of 3.90% in the last 7 days, Siacoin (SC) is outperforming the global cryptocurrency market which is up 0.60%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 0.20%.