Everything You Need To Know About Siacoin (SC)What is Siacoin (SC)?The blockchain makes for some great applications. One of those is cloud storage space. While the market is currently dominated by providers like Google Drive, Dropbox and others, the blockchain is making its way into this space and is poised to revolutionize it, thanks to cryptocurrencies like Siacoin.
Siacoin: The BasicsSia is a digital cloud storage space, powered by blockchain technology. It creates a decentralized online cloud storage for users, who can rent out their unused digital space for a certain fee, which is paid in the Siacoin cryptocurrency - the SC token. What is SC, you ask? It is the abbreviation.
As compared to other cloud storage services, Sia offers storage at a much cheaper rate, since it is being paid out to a large number of individual users. All payments are done using the SC cryptocurrency.
Sia’s concept was developed in 2013 in a hackathon organized by Massachusetts Institute of Technology. It was started by Luke Champine and David Vorid, with the first version being released in June 2016, and the most recent version in December 2017.
Siacoin (SC) Price for TodayCurrently, Siacoin (SC) price is up by 2.57% and it's now trading $0.006664 today. The market capitalization of Siacoin now stands $249,326,465 million with 37,415,279,805 SC circulating. The 24-hour price movement indicates that $4,914,940 million worth of SC were trading. The price peaked to $0.006833 in the last 24 hours while the lowest price was $0.006190. Source:
https://coinmarketcap.com/currencies/siacoin/