Siacoin Crypto Price Prediction, Value and Chart (SC) $0.0058 -0.0002 (-2.83%) (As of 11/21/2024 03:34 AM ET) Add Share Share 1-Hour Range$0.0058▼$0.0058 24-Hour Range$0.0058▼$0.0058 7-Day Range$0.0047▼$0.0068 1-Day Volume$42.35 million Market Cap$336.13 million BTC Price0.00000006 BTC Circulating Supply57.74 billion Total Supply57.77 billion Maximum SupplyN/A Currency ProfileHeadlinesAdvanced ChartSocial Media 30 days | 90 days | 180 days | Advanced Chart Receive SC News and Prices via Email Sign-up to receive the latest news and price data for Siacoin and its competitors with MarketBeat's CryptoBeat newsletter. Email Address About Siacoin (SC)Siacoin (SC) is the native token of the Sia network, a decentralized storage platform facilitating global disk storage contributions to create a secure and private alternative to centralized cloud storage. Users can rent storage from hosts using Siacoin, with transactions managed by smart storage contracts on the Sia blockchain. These contracts ensure that hosts are paid only after securely storing a client's file for a specified duration, incentivizing reliable storage. The concept for Sia and Siacoin was conceived by David Vorick and Luke Champine, founders of Skynet Labs, at an MIT hackathon in 2013. Skynet Labs, formerly Nebulous, continues to evolve the platform, aiming to build a decentralized internet through its application hosting and storage. (Description provided by CryptoCompare.)Read More Siacoin NewsTop Crypto Gainers Today Aug 13 – Saga Protocol, Convex Finance, Echelon Prime, Siacoininsidebitcoins.com - August 13 at 11:04 AMSee All Recent Headlines “This Changes Everything” - Trump Hands Millions Massive IRS Gift (Ad)Now it's your time to return the favor by taking advantage of this tax "revenge loophole." Because even as we wait for Trump's agenda to kick in…>> YES! Send Me My FREE Gold Guide!Siacoin Currency Details Name Siacoin SymbolSC Market Capitalization$336.13 million Coin or TokenCoin AlgorithmBlake2b Proof TypePoW Genesis Date6/1/2015 Mineable?Yes Official Links Official Websitesia.tech Official Website (Alt)N/A BitcoinTalk AnnouncementView Twitter Account@sia__foundation Facebook PageView Github AccountViewCommunity Discussion Reddit Communityr/siacoin Telegram GroupN/A Discord GroupView Message BoardN/A Message Board (Alt)N/AResearch Tools Blockchain Explorersiastats.info Blockchain Explorer (Alt)sc.tokenview.com CoinMarketCapView CryptoCompareView CoinGeckoView About Siacoin (SC) Ad Weiss RatingsTrump won. Buy this coin now.Juan Villaverde called the top and bottom of every crypto bull market since 2012. He believes Bitcoin will go to $150,000 — or more. But there’s one coin he thinks could go even higher.This could be his favorite coin. Siacoin (SC) Frequently Asked Questions How do I buy Siacoin? It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Siacoin. What do investment analysts think about Siacoin? Weiss Research, an investment research firm that rates cryptocurrencies, has given Siacoin an overall rating of "D", a technology and adoption rating of "D+", and a market performance rating of "E+". What technology is included in Siacoin? The foundation of Sia is a proof of work blockchain. Storage contracts are a new type of transaction that get enforced by the blockchain. Sia's hashing algorithm is blake2b. p2pool and multisig wallets are both supported on Sia. When a file is uploaded to Sia, a storage contract is created containing the Merkle root of the file, a reward for the host, and a penalty for the host (both in siacoins). After an agreed-upon duration, the host is required to prove that the file is still available by providing a random Merkle proof. If the proof is valid, the host is rewarded; otherwise, the host is penalized. Random numbers are generated deterministically using the most recent block as a seed. Sia has support for two way payment channels, and two way contract diffs. Among other things, this provides massive scalability, and eliminates the need for untrustworthy 0-confirmation transactions. Once you join a payment channel network, all transactions within that network will be instant and final, with no risk of a double spend. Reliability is achieved by using erasure coding in a massively distributed environment. Erasure coding allows a file to be split into many pieces, such that the original file can be recovered using only a few of them. For example, you can take a 50 MB file, break it into 200 pieces that are 1 MB each, and then you can recover the original file from *any* 50 of the pieces. This method has the same overhead as creating 4 complete copies of the file, yet is much more reliable because it's much less likely that 151 out of 200 hosts will go offline than it is that 4 out of 4 hosts will go offline. As the network grows, we will apply statistical analysis to determine the redundancy required to provide 99.9999% reliability on files. It is likely that 3x overhead is absurd overkill, and statistical analysis will give an accurate picture of how much overhead is required. Using 200 hosts to store a file means that downloads can be massively parallel. Even if the average Sia host does not have quick upload speeds, the massive parallelism enabled by Sia means that downloads will be blazing fast anyway. In addition, you can choose to connect only to the datacenters that are the closest and the fastest. This optimization (known as a CDN) is a hugely expensive project for a traditional cloud storage service, but for Sia it is a natural consequence of the decentralized network. As security is a top priority of Sia, all encryption is performed locally; the people storing your files will have no ability to see what you have uploaded. Not only is every file encrypted separately, every *piece* of every file is encrypted separately, and hosts are not told which pieces are part of the same file. (Information provided by CryptoCompare.) Where can I get Siacoin wallet? Siacoin produces its own wallet software that is available for download on its website, which allows you to store Siacoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits. What is the value of Siacoin? One Siacoin (SC) is currently worth $0.01 on major cryptocurrency exchanges. You can also exchange one Siacoin for 0.00000006 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Siacoin in U.S. dollars is $334.99 million. What hashing algorithm does Siacoin use? Siacoin is a proof of work (PoW) coin that uses the Blake2b algorithm. How do I mine Siacoin? Siacoin can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Siacoin and access to a mining pool that pools your effort with other miners and a wallet to store the Siacoin that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search. What is the Reddit page for Siacoin? The official Reddit community (subreddit) for Siacoin is https://reddit.com/r/siacoin. Siacoin (SC) Price Chart for Thursday, November, 21, 2024 Siacoin (SC) Twitter Feed Tweets by @sia__foundationLoading…Siacoin (SC) Reddit Feed This page was last updated on 11/21/2024 by MarketBeat.com Staff Adding Siacoin Please log in to your account or sign up in order to add this asset to your watchlist. Adding Choose a watchlist: Watchlist Adding You have already added five holdings to your watchlist. Upgrade to MarketBeat All Access to add more holdings to your watchlist. 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