Home Events Mining Pools Wallets Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 6306
Markets: 95043
FxTradeGroup logo FxTradeGroup logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRO
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VEF
VES
VND
VUV
WST
ZAR
ZMW
ZWL
Market Cap
24h Vol
6306
Cryptocurrencies
95043
Markets
Siacoin Crypto Coin Rank 85
Website
56,462,647,606 SC
Buy / Sell
Changelly
Binance
Get Wallet
Free wallet

Store and manage digital currencies with ease

Blockchain wallet

Be your own bank

Siacoin
Siacoin
SC Coin Values SC

Siacoin valuesUSD Price
$ 0.0145

Siacoin BTC Price
0.00000028

Siacoin 24h Vol
$ 322,821,535

Siacoin Market Cap
$ 818,729,058

24h Vol
6,249 BTC
1 H
0.83 %
24 H
11.76 %
7 d
63.08 %
Today Siacoin price in US dollars is currently 0.0145 USD, and if converted to Bitcoin is 0.00000028 BTC. A total of 15,849 coin's are currently circulating in the Market. Siacoin prices are currently experiencing a change of 11.76 %, check all cryptocurrency. Over the past 24 hours 3.228 M US dollars Siacoin has been traded on Crypto Exchanges. Get Siacoin's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Siacoin
Symbol
SC
Algorithm
Blake2b
BTC Price
0.00000028 BTC
BTC Market
15,849 BTC
BTC 24h Vol
6,249 BTC
Total Coins Mined
56,462,647,606 SC
1h
0.83 %
24h
11.76 %
7d
63.08 %
Twitter
Siacoin
Facebook
Siacoin
SC Charts

Siacoin Price Charts

High/Low Price ChartHistorical DataMarkets
SC High/Low Price Chart

Siacoin Price High/Low Price Chart

Historical Data

Siacoin Crypto Technology

Markets

Siacoin Crypto Market

DescriptionTechnologyFeatures
Description

Siacoin Crypto ICO Description

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.

Technology

Siacoin Crypto Technology

The foundation of Sia is a proof of work blockchain. Storage contracts are a new type of transaction that get enforced by the blockchain. Sia's hashing algorithm is blake2b. p2pool and multisig wallets are both supported on Sia.

  When a file is uploaded to Sia, a storage contract is created containing the Merkle root of the file, a reward for the host, and a penalty for the host (both in siacoins). After an agreed-upon duration, the host is required to prove that the file is still available by providing a random Merkle proof. If the proof is valid, the host is rewarded; otherwise, the host is penalized.  Random numbers are generated deterministically using the most recent block as a seed.

Sia has support for two way payment channels, and two way contract diffs.  Among other things, this provides massive scalability, and eliminates the need for untrustworthy 0-confirmation transactions. Once you join a payment channel network, all transactions within that network will be instant and final, with no risk of a double spend.

Reliability is achieved by using erasure coding in a massively distributed environment. Erasure coding allows a file to be split into many pieces, such that the original file can be recovered using only a few of them. For example, you can take a 50 MB file, break it into 200 pieces that are 1 MB each, and then you can recover the original file from *any* 50 of the pieces. This method has the same overhead as creating 4 complete copies of the file, yet is much more reliable because it's much less likely that 151 out of 200 hosts will go offline than it is that 4 out of 4 hosts will go offline.

As the network grows, we will apply statistical analysis to determine the redundancy required to provide 99.9999% reliability on files. It is likely that 3x overhead is absurd overkill, and statistical analysis will give an accurate picture of how much overhead is required.

Using 200 hosts to store a file means that downloads can be massively parallel. Even if the average Sia host does not have quick upload speeds, the massive parallelism enabled by Sia means that downloads will be blazing fast anyway.  In addition, you can choose to connect only to the datacenters that are the closest and the fastest. This optimization (known as a CDN) is a hugely expensive project for a traditional cloud storage service, but for Sia it is a natural consequence of the decentralized network.

As security is a top priority of Sia, all encryption is performed locally; the people storing your files will have no ability to see what you have uploaded.  Not only is every file encrypted separately, every *piece* of every file is encrypted separately, and hosts are not told which pieces are part of the same file.

Features

Siacoin Crypto Features

Sia uses a new cryptocurrency, called the siacoin. The developers will mine the first 100 blocks or so before releasing the code + miner to the public.  Other than these first blocks, there is no premine for siacoins. The first block reward will be 300,000 siacoins. Each block reward after that will be one siacoin smaller than the previous block reward (299,999, then 299,998, and so on). When the block reward reaches 30,000, all remaining blocks will give a 30,000 siacoin reward. The block time is 10 minutes. Each siacoin is composed of 10^24 indivisible units.

The most important features of Sia can only be accessed by using siacoins. All storage contracts and all Sia payment channels require owning siacoins. This requirement means that as Sia grows in usage, so too will demand for siacoins. As demand grows, the price will increase. If Sia is being used for billions of dollars of storage, billions of dollars of siacoins will be required. The value of the siacoin is inextricably tied to the amount of storage in use on the Sia network.

Sia has a second cryptocurrency, called the Siafund. 3.9% of all successful storage contract payouts go to the holders of the siafunds. There are 10,000 siafunds total, and all 10,000 are completely premined. Sia's parent company, Nebulous Inc., holds approximately 8750 of these siafunds. The remaining siafunds were sold in a crowdfund which helped to finance Sia's early development. The primary goal of siafunding is to provide a way to finance the development of Sia without relying on donations or a premine. More people using Sia means more funding available to hire more developers.

Standard transactions are not subject to the fee, and neither are failed storage contracts (where the host was offline or lost the file).

Related Coins
Endor Protocol
Endor Protocol
Valuto
Valuto
Crypto Improvement Fund
Crypto Improvem...
TAI
TAI
Eroscoin
Eroscoin
BlowFish
BlowFish

Get Crypto Newsletter
Market Cap
24h Vol
57.75%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer
Error
Whoops, looks like something went wrong.