Sia And Siacoin
With many altcoins hitting all time highs, the interest in cryptocoins is increasing, and lots of people are looking for new investments.
Sia is a cloud storage platform that accepts payments in Siacoin. The project was devised in 2013 at the Massachusetts Institute of Technology with the idea of allowing anyone to rent out their unused storage space and reward them for their computers work.
The project’s source code has no dependencies on any of the Sia servers which is a very positive decision, as the team wanted to launch a fully decentralized peer-to-peer blockchain from the start.
This has gotten the team a lot of praise, as it is the only correct approach to embracing decentralization the way it was envisioned.
You can download the Sia software HERE.
If you want to contribute your personal hard-drive space to other users, you can become a hoster, select the storage folder you want the files to get sent to and click the announce button to show your area is available for file hosting.
The files will be encrypted so you won’t be able to access the data hosted on your system.
At the moment Siacoin is worth $0.008679
There are a couple of faucets available so if you set up your wallet you can get some free Siacoins from there.
Bitcoin: 1F7TMMc1LwUu626sUcBoPr5bNL2dpP5gz
Ripple: rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy tag: 251072656
Ethereum: 0x8f52872c8263286fd160fc88c08d802e0d927e56
Reddcoin: RqjV3ZWnzsC7oz6CpG1KKVuMWWFUJpRdDG
Litecoin: LScHXjn9Nq4gJUU177P5nCSzo4EwMEuUFA