About Siacoin (SC)
Siacoin (SC) is a decentralized cloud storage cryptocurrency launched in 2015, designed to revolutionize data storage through blockchain technology. With a current circulating supply of 56 billion SC out of a total 60.7 billion, it enables users to rent unused hard drive space securely via smart contracts.
Key Metrics (Live Data)
- Current Price: $0.0030 USD (↑0.58% 24h)
- Market Cap: $159.97M
- 24h Trading Volume: $11.64M
- All-Time High: $0.11 (Jan 2018)
👉 Track real-time Siacoin price movements
Market Performance
Price History
| Period | Price | Change |
|---|---|---|
| 24 Hours | $0.0029 | ↘1.23% |
| 1 Week | $0.0030 | ↘4.84% |
| 1 Month | $0.0033 | ↘12.99% |
| 1 Year | $0.0044 | ↘34.98% |
Network Fundamentals
- Consensus: Proof-of-Work (Blake2b algorithm)
- Use Case: Payments for decentralized cloud storage
- Mining: Active with 60.7B total supply
How Siacoin Works
SC facilitates peer-to-peer cloud storage on the Sia network:
- Users pay SC to store encrypted files
- Hosts earn SC for providing disk space
- Smart contracts automatically enforce storage agreements
👉 Explore decentralized storage solutions
Frequently Asked Questions
What makes Siacoin unique?
SC powers the only blockchain-based decentralized cloud storage platform that undercuts traditional providers by 90% in cost while maintaining enterprise-grade security.
Who founded Siacoin?
Developed by David Vorick and Luke Champine at Skynet Labs (formerly Nebulous Inc.), originating from a 2013 MIT hackathon project.
Where can I buy Siacoin?
SC is available on 123 exchanges including Coinbase, with $5.92M daily trading volume. Always verify exchange security before trading.
Investment Considerations
- Pros: Disruptive use case, low-cost storage alternative
- Cons: High competition in decentralized storage sector
- Outlook: Adoption hinges on enterprise integration and network growth
Data updated automatically - refresh for live metrics
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