

Siacoin price
- Last price:
Siacoin course
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Siacoin course in BTC
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0.00000020 BTC
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Market capitalization
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Trade volume 24h
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Minimal price for 24h
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Maximum price for 24h
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Market cap rank
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#94
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Absolute maximum
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Absolute maximum date
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From absolute maximum
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-89.86%
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1d Volatility
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10.44%
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7d Volatility
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17.48%
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Changes for 24h
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4.2435%
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Changes for 7d
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-1.6345%
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Changes for 14d
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3.9001%
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Changes for 30d
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-29.4502%
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Changes for 60d
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-44.2594%
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Changes for 1y
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-65.9671%
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A smart contract on the blockchain ensures through the use of cryptographic proofs of storage that hosts are only paid if they keep the file for the entire duration of the contract. Employment of erasure codes such as Reed Solomon codes guarantees high file uptime even if most of the hosts on the network are unreliable or have frequent outages. All data is encrypted client-side and padded, preventing hosts from snooping the contents of the files and even from guessing what the file might be based on the filesize. The distributed 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.