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Siacoin

Siacoin

SC
#351
$0.0₃7478Down 0.47 percent($0.00)

Key Stats

Market Cap$41.90MDown 0.47 percent
Volume (24h)$2.80M
Fully Diluted Value$46.53M
Vol/Mkt Cap (24h)6.68%
Total Supply62.22B SC
Max Supply∞
Circulating Supply56.03B SC
Launch Date2015-06-01

Siacoin Information

Websites
sia.techWhitepaper
Block Explorers
sc.tokenview.io
Hashing Algorithms
BLAKE2b
Industries
Decentralized Infrastructure

Siacoin Price Converter

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Siacoin Markets

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InstrumentExchangeBenchmark DataPrice24h Change
SiacoinUSDT logo
SC-USDT
SCUSDT
binance logobinance
AA
0.0₃7450USDT
0.40%
SiacoinUSD logo
SC-USD
SCUSD
kraken logokraken
AA
0.0₃7470USD
1.08%
SiacoinUSDT logo
SC-USDT
SCUSDT
bybit logobybit
A
0.0₃7462USDT
0.55%
SiacoinUSDT logo
SC-USDT
SC_USDT
gateio logogateio
A
0.0₃7443USDT
0.54%
SiacoinUSD logo
SC-USD
SC_USD
cryptodotcom logocryptodotcom
AA
0.0₃7460USD
0.74%

About Siacoin

Siacoin (SC) is the native token of the Sia network, a decentralized storage platform facilitating global disk storage contributions to create a secure and private alternative to centralized cloud storage. Users can rent storage from hosts using Siacoin, with transactions managed by smart storage contracts on the Sia blockchain. These contracts ensure that hosts are paid only after securely storing a client's file for a specified duration, incentivizing reliable storage. The concept for Sia and Siacoin was conceived by David Vorick and Luke Champine, founders of Skynet Labs, at an MIT hackathon in 2013. Skynet Labs, formerly Nebulous, continues to evolve the platform, aiming to build a decentralized internet through its application hosting and storage.

Frequently Asked Questions

Siacoin (SC) is the native cryptocurrency that powers the Sia platform. Sia is a robust decentralized storage platform where users globally contribute disk storage from their computers to create a decentralized network. This active project focuses on providing users with a secure and affordable cloud storage solution that prioritizes privacy and reduces dependency on centralized data centers.

Siacoin serves as a medium of exchange in the Sia network, mainly used to rent storage from hosts. This process is executed through smart storage contracts recorded on the Sia blockchain. The smart contract ensures that payment is released to the host only after they have securely stored the client's file for a predetermined duration. If the host loses the file before this period, they are not paid, thereby creating an incentive for hosts to reliably store files.

Siacoin was developed by David Vorick and Luke Champine, the founders of Skynet Labs, formerly known as Nebulous. Vorick and Champine first conceived the idea for the decentralized file storage network at a hackathon held at MIT in 2013 when they were computer science students at the Rensselaer Polytechnic Institute in New York. Following the hackathon, they pursued this idea and eventually launched Sia, with Siacoin as its native token. The company later rebranded to Skynet Labs to focus on Skynet, a decentralized application hosting and storage platform aimed at building a decentralized internet.