Algorithm Blake2B
Current Height 409841.0
Price $ 0.0040
High (24h) $ 0.0042
Low (24h) $ 0.0040
53606962991,-53606962992.0 Circulating Rate
Turnover Rate
215996971.8679112,-215996971.8679112 Dominance

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.