Siacoin: your decentralized private cloud!

in #crypto-news7 years ago (edited)

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Welcome to a new era of cloud storage on the blockchain.

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Completely private

Sia splits apart, encrypts, and distributes your files across a decentralized network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers.

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Far more affordable

Sia's decentralized cloud is on average 10x less expensive than current cloud storage providers. Storing 1TB on Sia costs about $2 per month, compared with $23 on Amazon S3. Calculate your savings below!

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Highly redundant

Sia stores tiny pieces of your files on dozens of nodes across the globe. This eliminates any single point of failure and ensures highest possible uptime, on par with other cloud storage providers.

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Open source

Sia is completely open source. Over a dozen individuals have contributed to Sia's software, and there is an active community building innovative applications on top of the Sia API.

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Blockchain marketplace

Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for your business – this leads to the lowest possible prices. Renters pay using Siacoin, which can also be mined and traded.

@source: sia.tech

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WOW GREAT STUFF !! UPVOTED

Welcome to Steemit! Great project. I'll be sure to look into Sia.

welcome to steem! followed & upvoted. hope u will do the same.. https://steemit.com/@ika497

Please resteem to share this with the community! Thank you for that

Is the price of storage directly related to the price of Siacoin? If so, it would lose its competitive edge quickly after a runup in price. That would be build-in failure.

Can anyone explain how this works?

My vote for you! Good analysis done in my long-term preferred Crypto!
SC has a good project with promising future!
Following you!