What is Siacoin?
Sia is a decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.
Sia uses a new cryptocurrency, called the siacoin.
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
- Historical Data
- Bitcoin price hits $14,000 exactly 12 years after whitepaper releasedCointelegraph.com News - 5 hours agoThe price of Bitcoin has surpassed the critical $14,000 mark, the highest level since January 2018. The price of Bitcoin (BTC) surpassed $14,000 on Oct.…
- The evolution of crypto exchanges — What’s next for the industryCointelegraph.com News - 6 hours agoWe are now starting to see the crossover of regulation in the digital asset market and digitalization of the traditional market. From what started as…
- Why Bitcoin price and volume rising together is bad news for Ethereum, altseasonCointelegraph.com News - 7 hours agoBitcoin broke out of the $13,000 resistance level merely a week ago, which means those expecting Ethereum and altcoin prices to rise may have to…
- Ethereum price ascending channel breakout possible if Bitcoin consolidatesCointelegraph.com News - 8 hours agoConsolidation from Bitcoin would allow Ethereum to double bottom in its BTC pair and possibly breakout from the ascending channel in its USDT pair. In…
- Gotta collect ’em all: An overview of NFT marketplacesCointelegraph.com News - 10 hours agoAs NFTs gain traction, here are some of the top marketplaces for finding NFTs, as well as the future outlook of this industry. Currently worth…