The important thing to know about Siacoin storage is that it’s a native token, which requires a dedicated wallet. Once you’ve decided to find a secure way to store your Siacoins it’s time to choose the crypto wallet fitting your requirements. Where to store Siacoin?Ī Crypto wallet is always a good choice for investors who plan to protect their crypto funds from hackers and scammers. Consequently, a common question among investors is “where to store Siacoin?”, which we’ll address within the scope of this article. All these advantages make Sia a unique project and have attracted a tremendous amount of attention from investors in recent years. Compared to traditional storage like Dropbox, it does not exceed $1-2 per month and you pay for hosting your data by the end of the smart contract period, which typically lasts 90 days. The cherry on top is the price of keeping your files on Sia. You’re the only person who can access your files on Sia cloud storage and that’s a moment when the magic of blockchain technology takes place. Such an approach guarantees the highest level of security for your assets because each host can only see one small piece of encrypted data and does not have any access to your data. You can store your files on the hard drives of hosts and once you decide to do that the system splits your files into thirty pieces in such a way that each piece is stored on one of the hard drives existent within the system. Users who are providing space to your data are called hosts. ![]() ![]() The project’s main idea is to introduce a new form of cloud storage when you’re becoming a renter once storing your data on the platform. The history of the Sia blockchain goes back to 2013, although the launch of the project took place only two years later. This storage has a lower cost and higher level of security in comparison to other cloud storages. Sia is a decentralized cloud storage platform, which is secured by the Sia blockchain. Siacoin can be exchanged to other cryptocurrencies and then to fiat in case of necessity. It’s used for the purchase of storage space on the Sia cloud platform. Siacoin is a cryptocurrency created for the purpose of Sia network support. In this article we’ll talk about Siacoin in detail: what it is, is it a good investment, what is Sia wallet, and how to choose the one most suitable for your investment purposes. And what is more, this decentralized storage solves all the concerns of users who considered Google Drive, Dropbox, and others not secure. As we currently have decentralized finance and exchanges, it’s not surprising that decentralized cloud storage becomes our reality as well. ![]() Sia does the same but in a decentralized format. Have you ever heard about Google Drive, Amazon S3, Dropbox? Cloud storage is one of the things that people use regularly to get access to their files from multiple devices.
0 Comments
Leave a Reply. |