Key metricsKey metrics
PricePrice$0.0032
Asset TypeAsset TypePlatform
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorData Storage
IndustryIndustryCloud Computing
FoundedFounded7-Jul-1905
Funds raisedFunds raised3.1M
CountryCountryUnited States
Key personKey personDavid Vorick

Siacoin (SC) Information{coin_name} ({symbol}) Information

Fully decentralized cloud storage is finally here.

Sia is the first 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.

OrganizationsOrganizations

Nebulous Inc

Company NumberCompany Number CIK : 0001615628
67 Batterymarch St., Floor 4, Boston, MA 02110 USA

Questions and AnswersQuestions and Answers

What is Sia?
Sia, in a nutshell, is the concept for a new way to store data “in the cloud”. It takes advantage of users all over the world with spare hard drive space who wish to rent it out in order to create a huge, decentralized platform for distributed cloud storage. Data is broken into pieces, encrypted, and distributed to many hosts in order to maintain security and redundancy.Sia aims to compete with (or totally replace) conventional cloud storage platforms like Amazon S3.
What are some of the new features coming to Sia?
You can see currently planned features in https://trello.com/b/Io1dDyuI/sia-feature-roadmap. Updates are also posted every quarter or so to https://blog.sia.tech/
What is Siacoin?
Siacoin is the cryptocurrency of the Sia platform. It is the coin that is intended to be used for renting and hosting cloud storage on the Sia Cloud Network.
Who are Sia's developers?
As of August 2017, Sia's core team consists of: David Vorick: Cofounder, CEO, Core Developer Luke Champine: Cofounder, President, Core Developer Ava Howell: Core Developer Chris Schinnerl: Core Developer Marcin Jachymiak: Software Engineering Intern Zach Herbert: VP of Operations Steve Funk: Community Manager
What is Sia's business strategy for breaking into the data storage space? What is the end goal?
From Core Developer and CEO David Vorick: Sia is going to change the face of cloud storage. That's a $20 billion market, and it's projected to become a $200 billion market. Sia is not some niche either, it's a full upgrade to how cloud storage works. We aren't aiming at 1%, we are aiming at 70-90% market share, because the core technology is that good. Today, most Internet infrastructure is owned by a small number of companies. When you put your data in the cloud, you give up control. They can choose to delete your data, they can choose to hold your data hostage, they can change their terms of service on you. These are not uncommon situations either. Here's a story about photobucket requesting ransom prices from Ebay and Amazon. About a month ago, atlassian.com announced massive price increases for their platform, which left many people out to dry. Several months ago, Amazon pulled the unlimited tier from their Amazon Cloud Drive, giving users 180 days to download the data and find a new home. When you put your data in the cloud, you give it to someone else. The traditional cloud is controlled by humans. There can be downtime, terms changes, price changes, companies can go under (like Soundcloud). We have built a fragile internet that puts the power in the hands of a few. Sia changes that equation. Sia allows people to use the cloud without giving up control. This is a feature that resonates deeply with IT admins. The majority of IT admins will agree that they don't like using the Cloud, and that they would rather use another option if they could, except that the cloud offers so many advantages that they are willing to accept the loss of control of their data. Sia changes this equation. IT admins can have all the benefits of the cloud, without giving up control. It's a big step forward, and it's the core reason for blockchains existing in the first place.
What are the differences among Sia and other decentralized storage solution providers such as Storj, Maidsafe, Filecoin, etc?
Sia is cheaper, faster, more reliable, more secure, and has better uptime than the traditional cloud. The software today is not fully able to realize these benefits, but that's no fault of the protocol. The protocol itself is the foundation for a superior cloud platform, even if you don't care about trust. Sia is a full fledged CDN, with storage points in over 50 countries and on all 6 continents. Amazon can't claim numbers like those. Sia has hosts within 50 milliseconds of every major city in the world. Amazon can't claim that either. If you want low-latency storage to every city in the world (useful if you are YouTube, Netflix, Imgur, etc.), Sia is the best technology to use. The world's leading CDN (Akamai) charges >$50/TB. Sia charges $0.50, and that's a sustainable price.
Will Sia comply with existing data storage regulations (PCI, HIPAA, etc), both in the U.S. and around the world?
In general, the layers built on top of Sia that involve storage of this type of data will be the entities responsible for ensuring compliance. HIPAA, for example, does not “certify” cloud storage providers. Instead, it provides a comprehensive audit protocol for use in ensuring compliance. Many items in the audit protocol are in no way relevant or applicable to Sia as a standalone data storage solution; they would be applicable to whatever application utilized Sia to store data and ultimately control access to that information.
What can I do to help with Sia's development effort?
You can contribute in many ways. See the https://siawiki.tech/development/contributing of Sia page.
What are Siafunds?
Siafunds are tied to fees that hosts and renters pay related to a contract (about 3.9% of a host's collateral). These fees are ultimately distributed to Siafund holders. The developers of Sia hold most of the Siafunds as a long-term method of financing development, but some Siafunds are available to the general public.
When will Siafunds be profitable?
It depends on when you acquired your Siafund(s) and at what price. It will likely be several years before Sia sees the adoption that will generate fees high enough to make Siafunds profitable.

TechnicalTechnical

Key metricsKey metrics

Source Code Repositories

NebulousLabs/Sia 2722 Stars 60 Contributers 189 Open Issues

Blockchain-based marketplace for file storage. Project has moved to GitLab: https://gitlab.com/NebulousLabs/Sia

EconomicsEconomics

Tradeable CoinsTradeable Coins
41,210,558,789 (100% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance SC/BTC $0.0032 0.46% $663,652 3.2% 3.2%
Upbit SC/KRW $0.0033 1.6% $296,121 0.52% 1.3%
Binance SC/ETH $0.0032 0.31% $250,842 0.09% 0.75%
Bittrex SC/BTC $0.0031 -2.9% $174,598 3.3% 3.3%
Binance SC/BNB $0.0032 -0.58% $96,274 1.1% 2.2%
Poloniex SC/BTC $0.0031 -2.9% $68,202 3.3% 6.5%
Bittrex SC/USDT $0.0032 -0.06% $40,327 1.1% 1.4%
Poloniex SC/USDT $0.0032 -0.88% $25,345 0.3% 1.9%
Bittrex SC/ETH $0.0032 0.49% $18,010 1% 1.4%
Bittrex SC/USD $0.0031 -4.5% $6,349.27 2.8% 15%

Latest Siacoin NewsLatest Siacoin News

Sia on Twitter

We detailed Siafunds in our 2014 whitepaper and launched them with the Sia network in 2015! Learn more on our support website https://t.co/dBhejFpAUs… https://t.co/0mjGOmBpRE

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Goobox on Twitter

We are excited to announce that you can now backup your files to the Sia decentralized cloud using Synology NAS & Goobox!! Read our blog post below for a step by step guide to getting started https://t.co/0bVrPj3dYe! @SiaTechHQ @Synology #blockchain #crypto

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Sia on Twitter

We just published the Sia Weekly Update! https://t.co/GjwvqrevTN…

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Florian on Twitter

I just published "Goobox, a zero-knowledge, end-to-end encrypted file sharing service built on Sia" https://t.co/kb3K9Ale7Q @GooboxCloud @SiaTechHQ #storage… https://t.co/mh5lvWMxRs

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Sia on Twitter

Getting more into Sia? Learn some of the advanced commands with our newest support center article: https://t.co/6msZHZjzGW

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Sia on Twitter

The first ever upload to and download from the Sia network on a mobile device - without running a full node on the phone - has been accomplished! Read below to see the proof of concept demo for using Sia on iOS from @dangercze and @lukechampine https://t.co/ViDPzZC5n1… https://t.co/MEoyJsimL8

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Sia on Twitter

Sia is hiring for an Office & Operations Manager in Boston! We are looking for candidates excited about blockchain technology and decentralized storage. Learn more and apply today on AngelList! https://t.co/3uYNTATt1p

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Sia on Twitter

The Sia Weekly Update - say hello to our newest team member! https://t.co/dBKeEiGKFA…

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Sia on Twitter

Do you use @arqbackup? Follow this great tutorial from @_Filebase to back up your computer to the Sia network!…

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Sia on Twitter

Great tutorial from @GooboxCloud enabling Sia to serve as the backend for a sharing-enabled network drive! Give it a try today.… https://t.co/2ppAt9ER6A

Siacoin on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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