Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Paha87 on July 21, 2018, 07:12:04 AM
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I keep this coin for a long time, the current situation on the market forces it to do so. Who thinks what about a coin and its technology?
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Every cryptocurrency that currently exists on the market owes its survival to the special benefits that it offers. Whether it is stability, a large distribution, big potential for a practical use, every crypto has its own thing that is keeping it afloat. For SiaCoin (SC), this is the security and a large practical use when it comes to its potential to store large amounts of data.
Data stored on the platform is only available to the user, and it is completely hack-proof, thanks to the fact that it is based on the blockchain technology. Additionally, SiaCoin’s entire ecosystem is encrypted, and files are reduced to small bits that do not alter the stored information in any way.
I believe SiaCoin is a promising coin with great future.
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Looks like you have no choice but to hold Siacoin now. Because market changes are happening. But I think this SC or Siacoin will go up in the future because the majority of coins are trying to recover from the slump.
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Sia is a good project. You can go and buy a sia cloud storage with that coin right now, which is brilliant. but this doesn't say that its price will rise.
As a project, promising. As an investment, hmm don't think so.
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Withholding is the best choice right now. Not only you, I'm also stuck with the coin that I chose at this time. So it's better to be patient waiting for the coin to recover. Do not despair and throw your coins at inappropriate prices.
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I don't think you should be discouraged because you are not the only one holding Siacoin, because I also have assets in this coin, Siacoin is a cloud storage platform based on a decentralized blockchain platform. Siacoin saves your data by separating, encrypting, and then distributing it in their decentralized network. Siacoin has been able to dramatically reduce cloud storage overhead by allowing users to host or in the sense of "renting out" their unused hard drives. For this reason, many people have started calling Siacoin "Airbnb from the hard drive". They have succeeded in disrupting a number of major players in the industry such as Dropbox, Amazon A3, Google Drive and Onedrive by offering inexpensive and decentralized storage solutions. Siacoin is entirely personal. It's broken and translates all data stored by users on the blockchain to many host devices. There is no device that has all the files and all files are copied on many devices, so if the hard drive fails your file will not be lost. Because you hold all the buttons, only you can control the file. It is not possible to reinstall files stored on the Sia network without this private key. This is different from traditional cloud storage companies. They are centralized, vulnerable to hacker attacks and companies that control storage systems fully control the file itself. Because it's impossible for anyone who doesn't have a private key to decrypt encrypted files, Siacoin will never be able to read your documents to target you in a marketing campaign. In addition, because Siacoin is fully decentralized, all files stored on their networks are spread across many nodes throughout the world. This ensures that not only there is no single point of failure, but also that the highest upload and download speeds will always be obtained.