x



Guide: Eight Ways You Can Earn Free Bitcoin

Join our Mailing List ...for free giveaways and altcoin deals!
Let's get this crypto!

Siacoin (SC)

$0.004696 (-9.21%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
93 $212,781,000.00 $9,531,860.00 45,309,700,000 SC -- -9.21% 2.77% $0.43

Exchange Pair Volume (24h) Price
HitBTC SC/BTC 596,507.00 0.0000001265
Binance SC/BTC 282,642.00 0.0000001200
Upbit SC/KRW 1,832,353.00 5.1600000000
Binance SC/USDT 1,633,449.00 0.0046760000
Kraken SC/USD 167,507.00 0.0046700000
Bittrex SC/BTC 102,881.00 0.0000001200
Kraken SC/EUR 270,379.00 0.0038600000
Binance SC/ETH 164,457.00 0.0000038100
Kraken SC/XBT 89,538.00 0.0000001266
OKEx SC/USDT 1,710,516.00 0.0046900000
Digifinex SC/ETH 231,177.00 0.0000038300
BKEX SC/USDT 1,060,293.00 0.0046900000
Huobi Global SC/BTC 115,382.00 0.0000001263
Huobi Global SC/ETH 79,042.00 0.0000038300
Binance SC/BNB 65,721.00 0.0001079000
Hotbit SC/ETH 576,853.00 0.0000038302
Hotbit SC/USDT 5,020.46 0.0046899900
Kraken SC/ETH 24,526.00 0.0000037900
Bittrex SC/USDT 113,126.00 0.0047160000
WazirX SC/USDT 9,997.11 0.0047700000
OKEx SC/BTC 359,614.00 0.0000001260
Digifinex SC/BTC 13,797.69 0.0000001220
OKEx SC/ETH 203,171.00 0.0000038000
Bittrex SC/USD 76,260.00 0.0047800000
Atomars SC/USDT 9,027.39 0.0046890000
Bittrex SC/ETH 20,328.00 0.0000037700
Atomars SC/ETH 1,290.08 0.0000038000
Poloniex SC/USDT 17,293.63 0.0046527700
VCC Exchange SC/USDT 947,255.00 0.0047010000
VCC Exchange SC/ETH 48,706.00 0.0000038200
Poloniex SC/BTC 14,396.87 0.0000001200
Upbit SC/BTC 2,919.76 0.0000001300
XT SC/USDT 312,495.00 0.0046790400
CoinEx SC/USDT 56,983.00 0.0046852200
Upbit SC/USDT 2,242.92 0.0045351000
VCC Exchange SC/BTC 104,716.00 0.0000001300
CoinEx SC/BTC 17,148.67 0.0000001275
Upbit Indonesia SC/BTC 5,399.30 0.0000001300
BitBNS SC/INR 1,881.52 0.3410000000
OKEx Korea SC/USDT 117.18 0.0042600000
CoinAll SC/BTC 63.52 0.0000001280
SouthXchange SC/BTC 0.73 0.0000001260
XT SC/BTC 61,466.00 0.0000001130
BigONE SC/BTC 9,889.16 0.0000001267
BigONE SC/USDT 3,407.23 0.0046500000
SouthXchange SC/DOGE 1.48 0.5176402900
SouthXchange SC/USDC 8.59 0.0052430000
SouthXchange SC/USD 0.83 0.0043530000
SouthXchange SC/LTC 0.85 0.0000305200
SouthXchange SC/DASH 0.01 0.0000314200
SouthXchange SC/PAX 0.00 0.0050000000
SouthXchange SC/TUSD 0.13 0.0044405700
SouthXchange SC/BCH 0.00 0.0000098700

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