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  • [Video] Sia Weekly Update – Week of December 2nd December 10, 2018
    submitted by /u/sia-steve [link] [comments]
  • 12/10/18 Development update for week of 12/2/18 December 10, 2018
    2 Nebulous repos were updated. 36 issues were created, 8 were closed. 14 MRs were merged. GitLab user starius, ChrisSchinnerl, eddiewang, MSevey and lukechampine had code contributions merged into Sia. Lukechampine made progress on the new RPC protocol, that will be used for host-renter communications. The new contract formation and contract renewal protocols were merged […]
  • Question about my Siacoin December 8, 2018
    So I have a small position in Siacoin and left all of them on my Binance account rather then transferring them to my ledger since it isn’t supported yet. Are the coins that I left on my Binance the new Siacoins or do I need to do anything with them? Plus what is this Sia […]
  • Sia was added to Abra, the best Fiat option exchange (personal opinion) December 8, 2018
    Title submitted by /u/ImaSNARKSNARK [link] [comments]
  • Comments from Devs on getting Coinbase to list us as an asset? Our competitor Storj seems to be in the running :/ December 8, 2018
    submitted by /u/bookakelord [link] [comments]
  • Announcing Goobox Alpha, Built on the Sia Decentralized Cloud December 6, 2018
    Coming in mid-December, here's a preview of what's to come. Join the mailing list to get notified when we go live. ​ submitted by /u/MeijeSibbel [link] [comments]
  • Sia in December 2018 - Draco, Advent of Code, Art Contest December 6, 2018
    This month we're excited to announce several things. The first is that we are preparing to release v1.4.0, and have included the following major feature schedule for the upcoming releases: # v1.4.x - Draco The v1.4.x line of releases will be called the Draco releases, and have the following release schedule. ​ v1.4.0: File contract […]
  • Developer release of Sia app for Ledger Nano S December 6, 2018
    Today I'm excited to announce that Sia is available in the Ledger Manager! I know many of you have been waiting eagerly for this. I appreciate your patience -- regrettably, the approval process took longer than I expected. You can install the Sia app today by opening Ledger Live and searching for "Sia" in the […]
  • Disappointed December 5, 2018
    Let me just start by saying that I understand perfectly that the Sia devs don't give a shit about breaking the expectations of the community with regards to the roadmap. After the announcement of Draco today, I see that (David clicks the back button right about now) file sharing has been kicked down the road […]
  • My first submission for the Draco (v 1.4 of sia) artwork contest, hope you like it! December 5, 2018
    Hey guys, this is my first submission of the concept i'd like to work on for the Draco Contest. Would you mind giving me some thoughts? what do you guys think?Disclaimer: this is just a concept, 5 minutes work on microsoft paint 😀 ​ Edit: New Version here: Edit: final Draco Concept img. More […]

What Is Siacoin ?

SIACOIN is a decentralized cloud storage platform that is built using the blockchain technology. It hopes to change the game for the big cloud storage companies like Amazon, Google and Microsoft. It’s basic working principle is that whenever a user plugs in and wants to store certain files on the cloud, the file is divided into many tiny bits, then these tiny pieces are multiplied, encrypted and sent across its network to be stored  over dozens of nodes.

SIACOIN aims that with its entry into the Cloud Storage industry, we will see prices for cloud storage slashed to a fraction for the user. An example being that storage on the big cloud storage providers costs $10 to store 1TB while on the SIACOIN network that will only cost $2!

SIACOIN is a product of Nebulous Inc from Boston, led by David Vrick and Luke Champine

Practical Uses
SIACOIN’s only use is in the practical realm of things, being the liberalization of cloud storage. With SIACOIN, a user stands to gain many benefits to their cloud storage experience among which are:
 Affordability: Prices of using cloud storage will crash with SIACOIN. This is only possible because instead of chunking up a file at a single storage facility, SIACOIN will chop it to pieces, multiply it and send the very tiny encrypted pieces of it to its miners and individual storage providers.
 Privacy: With SIACOIN the user’s file are only accessible to them alone and not anyone else! Unlike the traditional cloud storage companies where your file is open and at their mercy. After being encrypted and sent on the cloud, the user is the only person that has the key to recall their file, reassemble it and decrypt it for use.
 Uninterrupted Access: The fact that the file is multiplied and sent over dozens of nodes means that the user has several backups instead of just one. Downtime is extremely unlikely unless the whole network is shut down which is virtually impossible due its decentralized nature. Therefore the user has uninterrupted continuous access to their file whenever the need arises.

There are presently just over 26 Billion SIACOINs mined with a total of 48 billion expected to be the maximum cap for the cryptocurrency. SIACOIN is mined using industry standard ASIC miners that are used in mining other cryptocurrencies as Bitcoin and Ethereum. The mining is veered towards SIACOIN though the use of software that is available on their site for download.

Notes for Investors
SIACOIN is one of the cryptocurrencies with very real world applications and aims to serve a very real need for cheaper and more private cloud storage. Both its attractive prices and high encryption will likely win it a large following. However, it remains to be seen if there will be further blockchain start-ups pursuing the same industry. SIACOIN looks set to become one of the key players before any competitors begin to emerge.
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