Siacoin (SC) Price

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About Siacoin (SC)

Siacoins (SC) are the utility tokens powering the Sia network and are essential for any activity on the network. Siacoins serve a singular purpose – facilitating network operations – yet are utilized in various ways, such as:

Uploading files to Sia, you use Siacoins to pay for storage.

Earning Siacoins for storing others' data.

Transferring by sending them to others or receiving them at your wallet address.

Siacoins can be securely stored using our official software on a hardware or paper wallet. Initially, obtaining Siacoins is simple: having someone send them to you, purchasing them on an exchange, or engaging in mining activities.

The Sia Foundation is a non-profit organization committed to advancing and enhancing the Sia decentralized storage network. Our vision revolves around a future where individuals entirely own their data. This future is devoid of walled gardens, vendor lock-in, or the risk of a single provider accessing your information or holding your files hostage. Sia paves the way for this future by establishing a trustless marketplace where peers can buy and sell cloud storage directly.

Sia is a decentralized cloud storage platform secured by blockchain technology. The Sia storage network leverages underutilized hard drive capacity worldwide to create a data storage marketplace that is more reliable and cheaper than traditional cloud storage providers. Sia has its blockchain and a utility token that powers it – the Siacoin (SC).