$439 994 804
35 735 618 619 SC
Sia is a project that offers a private decentralized and secure cloud storage platform hosted on a blockchain for a small part of the cost of other popular storage platforms such as Dropbox, Amazon S3, and Google Drive. Sia, as a concept, first appeared in HackMIT, the annual student hackathon, in 2013 and was officially launched in June 2015. The main idea is that instead of renting the storage from the central bank of servers, as in the case with traditional cloud platforms, peers on the Sia platform lease space from each other through their "distributed cloud storage platform". Sia uses erasure coding (redistributes encrypted fragments of data over the network) and an independent blockchain with tokens called "Siacoins" to support the network. Sia can destroy the multi-billion dollar industry, namely, file storage in the world, and create more confidential, safe and economic system than ever before. Without the need for a central bank, on which data is stored, Sia can absolutely revolutionize the cloud storage industry using blockchain technology to provide peer-to-file storage. It is estimated that by 2021 the cloud storage market could cost $ 74 billion. If Sia can somehow capture part of this market from companies like Dropbox, Microsoft, and Google, then this can be a very profitable investment. If you want to know the latest information about Siacoin, visit its telegram account @siacoin.