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SC

Rank #621
Siacoin logo

Siacoin

0.00064126552
-0.00001262170
-1.93%
Aug 25, 13:54 UTC

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About

Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider 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.

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