Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.
Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography.
Coin: Siacoin (SC)_x000D_
Algorithm: Blake2b_x000D_
Proof Type: PoW_x000D_
Fully Premined: 0_x000D_
Total Coin Supply: 0
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