ALL CRYPTOS
74
Siacoin
SC
$0.0098
-9.4% (-$0.001, )
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  • Market Cap$441,727,650
  • Volume$37,684,777
  • Circulating Supply45,208,702,992
  • Max Supply
  • High$0.011
  • Low$0.0093
  • Change (1H)1.83%
  • Change (7D)-25%
  • Change (1M)128.21%
  • Change (1Y)349.70%

Siacoin (SC) is a utility token powering the Sia Storage Platform, a decentralised cloud system that offers its users underutilised hard drive space. In practice, a ‘renter’ (user uploading data) and ‘host’ (user providing storage) are both protected by a smart contract escrow, with the hard drive capacity paid for in Siacoin (SC). The Sia Platform is open-source and believes individuals and institutions shouldn’t be beholden to large corporations. More robust and affordable than traditional cloud storage marketplaces — where costs are often high and data unencrypted — Sia runs without an intermediary and sees itself as a more equitable model for distributed, decentralised storage technology. Their vision is to become ‘the backbone storage layer of the internet’.

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