Siacoin (SC) targets $0.02222 while having 5.43% rise on May 20-21

May 21, 2018 - By reb123z

Siacoin (SC) had a good 24 hours as the cryptocurrency jumped $0.00104 or 5.43% trading at $0.0202. According to Top Cryptocoin Experts, Siacoin (SC) eyes $0.02222 target on the road to $0.0402461627961351. SC last traded at BitTrex exchange. It had high of $0.02082 and low of $0.019 for May 20-21. The open was $0.01916. About 10.91 million SC worth $220,352 traded hands.

Siacoin (SC) is up 5.15% in the last 30 days from $0.01921 per coin. Its down -16.11% in the last 100 days since when traded at $0.02408 and the annual trend is up. 200 days ago SC traded at $0.003653. SC has 33.10 billion coins mined giving it $668.59 million market cap. Siacoin maximum coins available are . SC uses Blake2b algorithm and PoW proof type. It was started on 01/06/2015.

Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.

Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.

The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.

The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.

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