Kill Switch Engage: Sia Cryptocurrency to Block Bitmain and Other Big Miners
After months of debate, Siacoin's founder is announcing a fork. That's good news for his other project, which will have the coin's only working ASICs.
As part of the settlement, the SEC will not take enforcement actions against Siacoin maker Nebulous or current activity on the Sia network.
Nebulous, the startup behind the Sia network for decentralized file storage, is doubling its staff and focusing on media streaming.
Skynet Labs has raised a $3 million funding round led by Paradigm, aiming to offer developers decentralized storage solutions for all types of applications.
Innosilicon's mining equipment no longer works on Sia following a planned algorithm change. But not everyone went along with the fork.
Sia has released the formal code for an imminent hard fork that will block cryptocurrency mining firms like Bitmain from its blockchain network.