Siacoin is primarily aimed at securing your data. It is creating decentralized cloud storage. The platform will be based on the blockchain technology. As a result, it will become easier for you to use the storage which is provided by Siacoin.
Rather than ignoring this cryptocurrency, it is a good idea to find out more information about this cryptocurrency. We will today share with you some of the facts about Siacoin.
Siacoin platform means decentralized cloud storage:
Siacoin is allowing you to monetize the hard drive space which is available in your machine. As a result, it will become much easier for you to make use of that extra hard drive space which is available. Even normal individuals with normal machines will be able to rent out the hard drive space. As a result, it will indeed become much easier for people to monetize the extra hard drive space which they have. Similarly, other companies are taking a centralized approach towards monetizing cloud storage like Amazon, Google Drive, Dropbox.
Secure data sharing with Siacoin (SC):
With the help of Siacoin, you will be able to keep your data entirely secure. It will be encrypted. The cost of purchasing data with the help of Siacoin will be on the lower side. It will be around $ 2 for each and every terabyte. As a result, people will be able to rent the storage space quite easily. It will also make it much more affordable.
Buying storage space through Siacoin (SC):
The only cryptocurrency which will be supported and in fact the only currency which will be supported is Siacoin. As a result, all the transactions will be done in Siacoin. This will definitely increase the usability of Siacoin.
Globally decentralized the storage space with Siacoin (SC):
With the help of Siacoin, your data will be stored in a completely decentralized manner. This will provide added security. Moreover, since it will be encrypted, there will be no problem at all.
As you can see, Siacoin is actually addressing a real-world problem. The cloud storage is becoming more and more expensive. On the other hand, when you look at the storage solutions which are provided by Siacoin platform, they are much more affordable. As a result, individuals will be able to make use of decentralized cloud storage space quite easily. Also, individuals who have extra hard drive space can easily monetize their space. As a result, it is a win-win situation for the person who is renting the storage space and also for the person who is monetizing the extra hard drive space. Keywords: Siacoin, decentralized cloud storage, Amazon, Google Drive, siacoin news, how to buy siacoin, what is siacoin, siacoin wallet, siacoin price, siacoin review, siacoin reddit, siacoin price prediction