Learn about the current market dynamics. Download the exclusive Q3 2017 Cryptocurrency Report
SC
Exchange
USD
Market Cap
$517,182,263
24h Low / 24h High
$0.01107 / $0.01800
24 Hour Trading Volume
$45,276,773
Complete Metrics Score
Total64%
Major Exchanges Trading Activity
Liquidity53%
Source Code Repository Activity
Developer88%
Social Media & Discussion Board
Community53%
Market Cap $517,182,263
24h Low / 24h High $0.01107 / $0.01800
24 Hour Trading Volume $45,276,773
Complete Metrics Score
Total64%
Major Exchanges Trading Activity
Liquidity53%
Source Code Repository Activity
Developer88%
Social Media & Discussion Board
Community53%
SC
Exchange
USD

Siacoin (Overview)

About

Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers. Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts.

The Sia developers mined the first 100 blocks of Sia where the rewards begin with 300,000 Siacoins for the first block and each subsequent block reward decreases by 1 SC until the block reward stabilizes at 30,000 Siacoins per block.

Sia has a second cryptocurrency called Siafund where 3.9% of all successful storage contract payouts go to the holders. The Siafund is 100% premined with 10,000 units in total, of which 87.5% is owned by Sia's parent company, Nebulous Inc. Siafund is created to finance the early development of Sia without relying on donations or premine.

Genesis Date June 06, 2015 (over 2 years)
Hashing Algorithm

Blake2b

Hashrate
Block Time

10.0 Minute

Available/Total Supply

31.4 Billion /