Let’s check the situation of Siacoin cryptocurrencies in 2018. The SC implementation team managed to implement a working system of data storage with an unprecedented level of security. The data is stored not only in blockchain technology, but additionally data is also divided into small pieces, basically preventing a direct attack on privacy.
Siacoin rate on the largest cryptocurrency markets
The main change was the introduction of Siacoin cryptocurrency to the investors on the Binance cryptocurrency market. A large volume of trade and the size of the market provides the best price and the lowest commission, even a 0.075%. The presence of Siacoin cryptocurrencies on the largest stock exchanges helped to maintain the value of the token during declines since the beginning of the year: the Siacoin rate is still 5 times higher, comparing eg to December 2017.
Mining Siacoin on the GPU has lost its sense
Another revolutionary change is the fact that mining Siacoin on graphics cards no longer makes sense. The emergence of specialized ASIC systems dedicated to SiaCoin, Pascal and Decred mining has increased the mining difficulty by many orders of magnitude. On the other hand, the increase in computing power for maintaining the SC token network has certainly contributed to the increase in network security. In addition, the Siacoin rate stabilizes faster with relatively secure mining endavour. Siacoin wallet also gained stability and more users.
It is worth following the development of the blockchain of storage?
Competition on the data storage market is fierce. There are standard hosting ventures, mainly using centralized Amazon or Google servers. There are also non-standard, decentralized, such as Siacoin. The main advantage of using new technology is, unexpectedly… price. Currently, you can acquire 1TB of data in Sia tokens network for a few dollars. For comparison, Amazon will require more than $20 for a similar service. Is it worth using? And more importantly, is it worth investing in the Siacoin cryptocurrency? What are forecasts for SC development?
Cryptocurrency Siacoin (Sia, SC) reached the podium of the most popular storage altcoins in the autumn of 2017. It is a solution that aims to stir up the data storage market and aims to compete with data storage powers such as Amazon, Google or Dropbox. The use of blockchain technology in this field is a creative approach with the potential for a revolutionary change in the data storage industry. Instead of centralized storage, data is divided into pieces, encrypted and distributed over the network. This concept let users avoid many centralized downsides, such as the threat of unauthorized access or data leakage.
What is truly revolutionary is the fact that the Sia cryptocurrency architecture allows everyone to participate in this system. Anyone who has a free disk space can provide it at the disposal of a blockchain-based network and get paid back with cryptocurrency. A smart contract is created for this operation. SC is certainly cryptocurrency with great potential in 2018 and future years. What has changed in 2018? Fewer and fewer people ask: What is Sia, and there are more and more inquiries about the Siacoin rate or about the possibility of Siacoin’s personal storage in the wallet. It means growing interest in this token.
How to buy Sia coin?
How and where can you buy Sia cryptocurrency? American and European cryptocurrency exchanges are rather trustworthy, but they charge high commissions. The exchange with the lowest commissions (0.15% for the entire transaction) is Binance.
There are several advantages of Binance coin market:
- no necessity of verification,
- simple interface,
- lowest commissions (0.075%,
- availability of rare cryptocurrencies (including IOTA, Tron, Ripple and many more).
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