Siacoin (SC)

$0.001532 (2.43%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
71 $64,076,500.00 $933,163.00 41,817,000,000 SC 28 2.43% 5.09% -$0.04

Exchange Pair Volume (24h) Price
Upbit SC/KRW 96,467.00 2.2000000000
Kraken SC/EUR 3,262.32 0.0013400000
Binance SC/ETH 5,704.08 0.0000089300
Bittrex SC/ETH 897.04 0.0000089900
Binance SC/BNB 1,049.81 0.0000851000
Kraken SC/XBT 595.71 0.0000001753
Kraken SC/ETH 1,161.54 0.0000089400
Kraken SC/USD 1,243.16 0.0015000000
Binance SC/BTC 15,521.10 0.0000001800
Bittrex SC/BTC 6,002.65 0.0000001800
VCC Exchange SC/BTC 6,056.44 0.0000001800
HitBTC SC/BTC 30,041.00 0.0000001720
Poloniex SC/BTC 5,732.48 0.0000001700
Huobi Global SC/BTC 11,090.80 0.0000001730
OKEx SC/BTC 95,877.00 0.0000001720
CoinAll SC/BTC 88,811.00 0.0000001720
Huobi Global SC/ETH 2,094.39 0.0000089400
OKEx SC/USDT 4,532.11 0.0014900000
Poloniex SC/USDT 743.96 0.0014897900
Atomars SC/ETH 303.08 0.0000089200
SouthXchange SC/BTC 35.08 0.0000001700
Bittrex SC/USD 621.57 0.0015100000
Bittrex SC/USDT 584.91 0.0015000000
QBTC SC/USDT 719,794.00 0.0015800000
XT SC/USDT 604,233.00 0.0015096500
XT SC/BTC 235,737.00 0.0000001711
OKEx Korea SC/BTC 1.72 0.0000001730
Digifinex SC/BTC 47,880.00 0.0000001700
CHAOEX SC/ETH 4,179.78 0.0000089700
CoinEx SC/USDT 19,653.14 0.0014946100
Digifinex SC/ETH 4,816.19 0.0000090300
OKEx SC/ETH 681.92 0.0000089000
LBank SC/BTC 129.04 0.0000001600
Atomars SC/BTC 861.79 0.0000001700
SouthXchange SC/BCH 0.72 0.0000041600
CoinEx SC/BCH 423,035.00 0.0000041600
CoinEx SC/BTC 14,941.39 0.0000001746
Bvnex SC/USDT 261,345.00 0.1473550000
SouthXchange SC/PAX 0.00 0.0015268400
Livecoin SC/BTC 1.51 0.0000001700
SouthXchange SC/DOGE 0.00 0.6385753900
Upbit SC/BTC 433.62 0.0000002100
Livecoin SC/USD 6.54 0.0017700000
Upbit SC/USDT 7.19 0.0015900000
VCC Exchange SC/ETH 874.16 0.0000088000
VCC Exchange SC/USDT 583.09 0.0015000000
OKEx SC/OKB 0.66 0.0005100000
BuyUcoin SC/INR 27,562.00 0.1210000000
Upbit Indonesia SC/BTC 658.13 0.0000002100
Upbit Indonesia SC/USDT 34.33 0.0015900000
SouthXchange SC/DASH 0.01 0.0000750000

Background

Sia is a platform for decentralized cloud data storage, getting built by a team at Boston-based Nebulous Inc., founded in 2014. The aim is to provide a platform that allows for peer-hosted storage of files, without the need for a single centralized entity. Sia itself would store only the storage contracts formed between the parties. In the platform, files of individual users will be broken up and spread across a number of storage providers, known as hosts. These hosts will need to provide proof of file storage on a regular basis in order to receive payment and not be penalized. Payment is in the form of Siacoin and penalties involve the host losing Siacoin collateral that was put up. The proofs provided by hosts are available on the Sia blockchain for verification by miners, who also receive payment in the form of Siacoin for their verification work. Instead of pre-mining a certain amount of Siacoin, Nebulous intends to generate revenue from a fees on all contracts. This is done through the existence of so-called siafunds. When a contract is created, 3.9% of the contract fund is removed and distributed to the holders of siafunds. Nebulous Inc started off holding 88%, with the remainder held by early crowd-fund backers of Sia.. Siafunds can be transferred to other addresses but not used as payments on the platform.

Technology

Sia is being built as a derivative of Bitcoin, with the additional required support for the creation and enforcement of contracts. These contracts contain a number of items of information including a hash, duration of the contract, frequency of challenges and payment parameters including the reward for a valid proof and for an invalid or missing proof. If a valid proof is provided during the required window an automatic payment goes to the host. If the proof is missing or invalid the coins are sent to a “missed proof” address, likely an unspendable address. Hosts will be able to advertise themselves in different ways, e.g. as highly reliable, requiring a higher price and with higher penalties for losing files, or as less reliable, with lower prices but with lower penalties for losing files. The intention is for this to result in an optimized, efficient market place.



Trading Simulator

Buy

Sell

Trades



Back to Coin Listing

"Always buy the dip, never buy the rip."

Please Donate To Bitcoin Address: [[address]]

Donation of [[value]] BTC Received. Thank You.
[[error]]
© 2019 AltcoinDeals.io. All rights reserved.
Privacy Policy Terms of Service