WOW, It just keeps getting exciting!
Earlier, i introduced a new crypto by name Golem. And here i am, introducing yet another coin with similar but more specific goal known as SIACOIN
While SIA as a company wants to give you SiaCoin which can appreciate in value in the future, Golem wants to use your Entire PC and rent it out to people who need what you are not using at the moment.
Learn More about Golem here: Golem Cryptocurrency Investment Discussion! Rent Out Your Pc Resources & Get Paid!
In this thread, we will have a look at SIA coin and how you can get in the front line of what’s happening here because this is the trick: Siacoin is still very young and it will grow… you surely wanna be there when it finally grows!
Let’s talk SIA…
About Sia’s Technology:
Sia is a proof of work blockchain just like Bitcoin. A single feature is added that which enables clients and hosts to make storage contracts that will automatically be enforced by the network.
Siacoin is the designated cryptocurrency used on the Sia decentralized data storage platform which is essentially a peer-to-peer network of hard disk drives individually connected to the network allowing the disk space on those hard drives to be used or recovered for data storage by people all over the world.
….Sia will be the first fully functional, remote peer-to-peer data storage network allowing users to store data on a decentralized network where it is available for retrieval anywhere, any time, provided you have the appropriate identifiers in place to access that data.
SIA is not the first to provide cloud storage but it does it differently:
– Peer to peer
– BlockChain Tech!
Similar to centralized, remote cloud storage services provided by companies like Amazon and Dropbox, Sia has found a way to put control of personal data back into the hands of its users. Sia is a decentralized network of data centers that when combined becomes the world’s quickest, least expensive and most secure data storage platform in existence.
How SIA is different from other Centralized storage systems…
This differs from the monopolistic Amazon or Dropbox versions, where they own and operate their own private data centers, giving them access to and complete control of how your personal data is managed, often selling this data to a 3rd party without user knowledge or consent.
How about Security on the SIA network?
Data files on the Sia network are securely and automatically encrypted with industrial-grade algorithms, using blockchain technology to track and ensure full integrity of the network. Cryptographic secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere.
Defining SIAcoin as an Investor!
Yes, we all know what it’s all about. Let’s see what SIA means to the ordinary investor who wants to buy and keep the cryptocurrency.
How can SIA be truly Useful?
We are in the computer age and information rules. Information/Data needs storage and a secured one. The cost of this storage can be costly though it’s constantly becoming cheaper.
Sia network will give the cost of storing data a new approach. Allowing anyone who has a computer to be able to earn some SIACOIN by storing info for some other person that needs some extra storage.
It’s usefulness is more observable in situations like Hosting video games, streaming movies and music online because these are all things that require large bandwidth and storage space which is costly.
SIA will make it easier and even faster to do these things!
Tip: SIA might be the disrupter that YouTube has always needed!
Investing in SIAcoin?
If you want to invest in this cryptocurrency, you just have to purchase it and keep although you can Mine sia but I think the best thing to do now is to purchase it as it’s still In very early stages where you can buy a lot of it with just one dollar!
At the time of writing, 1 SIACOIN = $0.000392
SO, DO me a favor and DON’T MISS OUT ON THIS COIN. $1 investment is ok to make you a lot of money in the future here.
So that’s that for SIACOIN people.
Question is… Now that you know all of these, Are you investing or are you still waiting for what?