Siacoin Cryptocurrency Review – Potential

Siacoin Cryptocurrency Review – Potential! There are now more than 1.1 petabytes of storage available on the Sia system from which only 2% is presently being used. If Sia would manage to become at least a single huge company on board that accessible space would quickly disappear, which would indicate a higher need for space, then the purchase price of the Siacoin will skyrocket, because more people are buying coins to be able to rent out their space.

Sia’s unique p2p storage model could interrupt the cloud industry just like the transportation industry has been disrupted by ride-sharing platforms such as Uber.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Siacoin brings the blockchain technology to the cloud storage space. Instead of building substantial servers which cost a lot of money to keep, they’re actually building a community of people that everyone can join and give out their free area to other people and make some money. Siacoin Cryptocurrency Review – Potential

Sia Was Made by David Vorick and Luke Champine of Nebulous Inc, a VC-funded startup in Boston.The idea of Sia was originally imagined at HackMIT 2013.

Siacoin looks to interrupt the cloud-storage industry using a truly decentralized information storage option. Instead of a centralized static machine the Sia network offers decentralized blockchain storage.

Siacoin’s wallet is the sole method to store SC, and the currency is utilized to electricity transactions in the Sia ecosystem. Essentially host servers are providers and customer servers are customers. Users compensate hosts in Siacoin for hosting consumer information in a free-market crypto-economy.

Siacoin Cryptocurrency Review – Potential