SiaCoin heading towards ATH
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In the past couple weeks Sia Coin has shown strength. One reason is clearly related to alt season, but there are strong fundamentals in SIA.
Check out their website: sia.tech/
So where's the strength in SIA? Well, You all Google Drive, Microsoft OneDrive, DropBox and other cloud storage services. SIA comes into the game by providing a decentralized storage solution for the post-cloud world.
How does it work? Well, with centralized storage services like Google Drive, you upload your files to Googles servers, while with SIA, most of us have free storage in our computers hard drives, which we can rent out and get paid for it.
What's the advantage of using SIA for file storage? Privacy, security and cost. Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers.
When it comes to cost, on average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $1-2 per month, compared with $23 on Amazon S3.
And what about the safety of your files? Well, no worries, Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers.
Storage users can be individuals, developers, businesses, etc..., technically, anybody with free storage can use SIA to rent out their storage, and anyone who needs storage can use SIA to store their files.
In fact, as far as of today, SIA has 2.2 PB Storage Capacity, 321 Storage Providers ,538 TB Used Storage and 1.2M Downloads.
Siacoin is still cheap to buy, it trade at 0,013 USD, Coinbase is considering adding SiaCoin (ref. blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf)
** This is not an investment advice, it's just my point of view on SIA
Check out their website: sia.tech/
So where's the strength in SIA? Well, You all Google Drive, Microsoft OneDrive, DropBox and other cloud storage services. SIA comes into the game by providing a decentralized storage solution for the post-cloud world.
How does it work? Well, with centralized storage services like Google Drive, you upload your files to Googles servers, while with SIA, most of us have free storage in our computers hard drives, which we can rent out and get paid for it.
What's the advantage of using SIA for file storage? Privacy, security and cost. Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers.
When it comes to cost, on average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $1-2 per month, compared with $23 on Amazon S3.
And what about the safety of your files? Well, no worries, Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers.
Storage users can be individuals, developers, businesses, etc..., technically, anybody with free storage can use SIA to rent out their storage, and anyone who needs storage can use SIA to store their files.
In fact, as far as of today, SIA has 2.2 PB Storage Capacity, 321 Storage Providers ,538 TB Used Storage and 1.2M Downloads.
Siacoin is still cheap to buy, it trade at 0,013 USD, Coinbase is considering adding SiaCoin (ref. blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf)
** This is not an investment advice, it's just my point of view on SIA
Nota
Sia reached very close to ATH, on Binance it reached 0.065$, where many traders took profits, which caused the price to retrace back to 0.04$ zone. It seems that SIA is currently consolidating and preparing to retest the 0.06$ zone and eventually break out.
Penafian
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