http://www.ThinkingCrypto.com What is Sia? – Sia is a decentralized cloud storage platform that uses a blockchain to facilitate payments. On Sia you can rent storage, get paid to host files, mine Siacon, or contribute to the project!
What Problems Does It Solve
Existing cloud storage providers are centralized. Costs are high, data is often unencrypted, and each provider typically runs only several large data centers. Sia, by contrast, allows for private, decentralized, distributed cloud storage at a far lower price. Businesses could use this platform to reduce their cloud storage costs. Also its provides anonymity, let’s say you use Google Drive, Google displays Ads to you based on your content.
What is Siacoin
Sia uses a cryptocurrency, Siacoin, to enable decentralized payments via file contracts. All payments on the network happen in Siacoin, which is a critical component of our cryptographic SLAs. Siacoin allows us to do things that would not be possible with Bitcoin or traditional online payments.
Quick Takeaways
Could potentially remove the need for Amazon web servers while being much cheaper
Open source
Allows you to anonymously upload your files to the cloud and then through an algorithm and encryption being distributed all throughout the world
Take a file upload it and parts of that file is being stripped apart and being stored on different servers across the world with redundancy. More uptime
Provides privacy, security, anonymity and stability
You are going to hold the keys that unlocks the files and brings it back off the cloud.
2018 Price Prediction
$5 by the end of 2018
Sign up with Coinbase for Free to start investing in Bitcoin and get $10 free Bitcoin when you spend $100! – https://www.coinbase.com/join/59db057bed984302ff3b1275
Easily purchase Altcoins such as Ripple XRP, Cardano and more on the Binance exchange – https://www.binance.com/?ref=21575512
Get the Ledger Nano S to Safely store your Cryptocurrency! :
-Buy directly from Ledger – https://www.ledgerwallet.com/r/acd6
-Buy on Amazon – http://amzn.to/2zYgdAv
Mine Bitcoin and other Cryptocurrencies Daily with HashFlare! Free to sign up! – https://hashflare.io/r/373CC8F3
Mine Bitcoin and other Cryptocurrencies with Genesis Mining. Use code “he76Rc” and get 3% off every purchase – https://www.genesis-mining.com/a/2126471
Help support the channel! Donations :
BTC – 3GPcKwB3UGML4UiYqZM6BYx7Nu5Dj7GKDD
ETH – 0x7929e49cabe8d95d31392eaf974f378b508da2f4
LTC – MWMhsyGX7tsTPGS2EtSCAWpy3ywCv25r6B
XRP – rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv Destination Tag – 35594196
Follow on Facebook – https://www.facebook.com/thinkingcrypto/
Follow on Twitter – https://twitter.com/ThinkingCrypto1
Disclaimer – Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
Related Post:
- Siacoin: How Siacoin SC Works ? | Siacoin Price Prediction 2023 | Siacoin News Today | Siacoin (SC)?
- Siacoin Price Potential 2023 – Siacoin HUGE Price Potential! – SC Price Prediction – SC Siacoin
- SIACOIN NEWS TODAY | SIACOIN TECHNICAL ANALYSIS | SIACOIN REVIEW | DECENTRALISED FILE STORAGE
- siacoin I what is siacoin I siacoin future I how to buy siacoin l @SS CLIPS
- Siacoin SC Review and Price Prediction, The Future of Cloud Storage
- Pick Up Siacoin Going To Moon – Siacoin Perfact Buy Point – Will Siacoin Keep Running – Sia Update
- Siacoin : Whats issue On Siacoin – Why Siacoin Again & Again Crash – Siacoin Technical Support Level
- What Is Sia Coin ( SC ) ? Sia – Future Of Cloud Storage – Siacoin Price Prediction – Hindi
- Siacoin Warning! Siacoin price prediction || Siacoin news today || Siacoin analysis
- SIACOIN PRICE PREDICTION 0.1$ PRICE HIT | SIACOIN REVIEW | SIACOIN MINING #SIACOIN #GAMESZCRYPTO
