Follow these three easy steps.
Sign up using Email or Google
Redeem Coupon Code "BUYUCOINFREEBTC" in reward section
Your Free Bitcoin will be added in your wallet.
Enter your email down here and you can find free cryptocurrency scratch card worth upto 2000 in your inbox
Easily Buy, Sell, and Hold Siacoin at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best credit card offers to buy Siacoin using a credit card today.
Easily Buy, Sell, and Hold Siacoin at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best debit card offers to buy Siacoin using debit cards today.
Easily Buy, Sell, and Hold Siacoin at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best MobikWik offers to buy Siacoin using Mobikwik today.
Easily Buy, Sell, and Hold Siacoin at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best Bank offers to buy Siacoin using Bank transfer today.
Trade on BuyUcoin with investment of 5000 or more and Get Cashback to be used in future trading and Orders. Cashback available one-time on OTC and multiple on Classic Trade.Save Now
Easily Buy, Sell, and Hold Siacoin at the BuyUcoin secure Cryptocurrency Exchange and Wallet. Get the best IMPS to offer to buy Siacoin using IMPS transfer today.
With the advancements in the field of blockchain, developers are expanding the presence of the technology into various fields and are trying to tap into the vast potential that blockchain holds. Over the few years, blockchain has evolved from being a substitute to fiat currency and has created a platform of its own where applications and programs can be developed, bought, and sold. Blockchain has also invaded the field of cloud storage with the invention of the Siacoin. Unlike other cryptocurrencies that have flooded the blockchain market, Siacoin stands out for its uniqueness and the multiple capabilities that it provides to its users.Earn Free Siacoin
If you are looking for the latest and cheapest Siacoin price USD or Siacoin price in India, search no more, as we have added more than 101 ways to Buy and Sell Siacoin in India at the cheapest and latest price. At BuyUcoin you can buy at the latest Siacoin and other cryptocurrencies at the latest Siacoin price without KYC at 0% Trading Fee.BUY Siacoin Here
Digital Gold of the Future, Siacoin is an asset that has provided financial freedom to millions across the globe. So if you believe in it, storing your Siacoins is a good option.
You can trade Siacoin for your other favorite Defi Tokens or Alt Coins to make short term portfolio advancements and higher profits as per your needs.
Trade on BuyUcoin OTC Platform to Direct Buy/Sell [Token] and Save both Time & Money. Pair Available in INR Pairs Only!Trade Now
Sell Your Siacoins to INR in your BuyUCoin Wallet and increase your portfolio buying other cryptocurrencies.
Siacoin is accepted globally for financial transactions online at various e-commerce sites as a mode of payment.
Don’t Worry If you are new to cryptocurrency. You can learn more about Siacoin and other cryptocurrencies, look for our price indicators or attend our monthly webinars to be a pro at Siacoin investing.
|BITCOIN (BTC)||₹ 4333805||Check BTC Price||Get Free BTC||Buy BTC in Real Time||Buy BTC on EZ/OTC Desk|
|ETHEREUM (ETH)||₹ 290426||Check ETH Price||Get Free ETH||Buy ETH in Real Time||Buy ETH on EZ/OTC Desk|
|DOGECOIN (DOGE)||₹ 48.53||Check DOGE Price||Get Free DOGE||Buy DOGE in Real Time||Buy DOGE on EZ/OTC Desk|
|RIPPLE (XRP)||₹ 114.69||Check XRP Price||Get Free XRP||Buy XRP in Real Time||Buy XRP on EZ/OTC Desk|
|TETHER (USDT)||₹ 73.37||Check USDT Price||Get Free USDT||Buy USDT in Real Time||Buy USDT on EZ/OTC Desk|
|CARDANO (ADA)||₹ 119.04||Check ADA Price||Get Free ADA||Buy in ADA Real Time||Buy ADA on EZ/OTC Desk|
|POLKADOT (DOT)||₹ 2908.57||Check DOT Price||Get Free DOT||Buy in DOT Real Time||Buy DOT on EZ/OTC Desk|
|BITCOIN CASH (BCH)||₹ 102896||Check BCH Price||Get Free BCH||Buy BCH in Real Time||Buy BCH on EZ/OTC Desk|
|LITECOIN (LTC)||₹ 25687||Check LTC Price||Get Free LTC||Buy LTC in Real Time||Buy LTC on EZ/OTC Desk|
|UNISWAP (UNI)||₹ 2954.12||Check UNI Price||Get Free UNI||Buy in UNI Real Time||Buy UNI on EZ/OTC Desk|
|CHAINLINK (LINK)||₹ 3549.19||Check LINK Price||Get Free LINK||Buy in LINK Real Time||Buy LINK on EZ/OTC Desk|
|ETHEREUM CLASSIC (ETC)||₹ 9024.34||Check ETC Price||Get Free ETC||Buy ETC in Real Time||Buy ETC on EZ/OTC Desk|
|USD COIN (USDC)||₹ 73.31||Check USDC Price||Get Free USDC||Buy in USDC Real Time||Buy USDC on EZ/OTC Desk|
|VECHAIN (VET)||₹ 16.52||Check VET Price||Get Free VET||Buy in VET Real Time||Buy VET on EZ/OTC Desk|
|STELLAR (XLM)||₹ 45.56||Check XLM Price||Get Free XLM||Buy in XLM Real Time||Buy XLM on EZ/OTC Desk|
|THETA (THETA)||₹ 910.9||Check THETA Price||Get Free THETA||Buy in THETA Real Time||Buy THETA on EZ/OTC Desk|
|SOLANA (SOL)||₹ 3323.32||Check SOL Price||Get Free SOL||Buy in SOL Real Time||Buy SOL on EZ/OTC Desk|
|FILECOIN (FIL)||₹ 10918.38||Check FIL Price||Get Free FIL||Buy in FIL Real Time||Buy FIL on EZ/OTC Desk|
|TRON (TRX)||₹ 10.59||Check TRX Price||Get Free TRX||Buy TRX in Real Time||Buy TRX on EZ/OTC Desk|
|EOS (EOS)||₹ 773.24||Check EOS Price||Get Free EOS||Buy in EOS Real Time||Buy EOS on EZ/OTC Desk|
|NEO (NEO)||₹ 8706.91||Check NEO Price||Get Free NEO||Buy NEO in Real Time||Buy NEO on EZ/OTC Desk|
|MONERO (XMR)||₹ 34041||Check XMR Price||Get Free XMR||Buy XMR in Real Time||Buy XMR on EZ/OTC Desk|
|BITCOIN SV (BSV)||₹ 27115||Check BSV Price||Get Free BSV||Buy BSV in Real Time||Buy BSV on EZ/OTC Desk|
|COSMOS (ATOM)||₹ 2051.53||Check ATOM Price||Get Free ATOM||Buy in ATOM Real Time||Buy ATOM on EZ/OTC Desk|
|IOTA (MIOTA)||₹ 155.9||Check MIOTA Price||Get Free MIOTA||Buy in MIOTA Real Time||Buy MIOTA on EZ/OTC Desk|
|AAVE (AAVE)||₹ 34034||Check AAVE Price||Get Free AAVE||Buy in AAVE Real Time||Buy AAVE on EZ/OTC Desk|
|TEZOS (XTZ)||₹ 514.2||Check XTZ Price||Get Free XTZ||Buy in XTZ Real Time||Buy XTZ on EZ/OTC Desk|
|FTX TOKEN (FTT)||₹ 4504.93||Check FTT Price||Get Free FTT||Buy in FTT Real Time||Buy FTT on EZ/OTC Desk|
|POLYGON (MATIC)||₹ 64.45||Check MATIC Price||Get Free MATIC||Buy in MATIC Real Time||Buy MATIC on EZ/OTC Desk|
|BITTORRENT (BTT)||₹ 0.5596||Check BTT Price||Get Free BTT||Buy in BTT Real Time||Buy BTT on EZ/OTC Desk|
|MAKER (MKR)||₹ 408242||Check MKR Price||Get Free MKR||Buy in MKR Real Time||Buy MKR on EZ/OTC Desk|
|THORCHAIN (RUNE)||₹ 1388.12||Check RUNE Price||Get Free RUNE||Buy in RUNE Real Time||Buy RUNE on EZ/OTC Desk|
|ALGORAND (ALGO)||₹ 108.88||Check ALGO Price||Get Free ALGO||Buy in ALGO Real Time||Buy ALGO on EZ/OTC Desk|
|DASH (DASH)||₹ 29353||Check DASH Price||Get Free DASH||Buy in DASH Real Time||Buy DASH on EZ/OTC Desk|
|KUSAMA (KSM)||₹ 32400||Check KSM Price||Get Free KSM||Buy in KSM Real Time||Buy KSM on EZ/OTC Desk|
|COMPOUND (COMP)||₹ 56006||Check COMP Price||Get Free COMP||Buy in COMP Real Time||Buy COMP on EZ/OTC Desk|
|NEM (XEM)||₹ 28.01||Check XEM Price||Get Free XEM||Buy in XEM Real Time||Buy XEM on EZ/OTC Desk|
|ZCASH (ZEC)||₹ 22458||Check ZEC Price||Get Free ZEC||Buy ZEC in Real Time||Buy ZEC on EZ/OTC Desk|
|QTUM (QTUM)||₹ 2118.79||Check QTUM Price||Get Free QTUM||Buy QTUM in Real Time||Buy QTUM on EZ/OTC Desk|
|LEO TOKEN (LEO)||₹ 222.25||Check LEO Price||Get Free LEO||Buy in LEO Real Time||Buy LEO on EZ/OTC Desk|
|SYNTHETIX NETWORK (SNX)||₹ 1352.97||Check SNX Price||Get Free SNX||Buy in SNX Real Time||Buy SNX on EZ/OTC Desk|
|ZILLIQA (ZIL)||₹ 16.77||Check ZIL Price||Get Free ZIL||Buy in ZIL Real Time||Buy ZIL on EZ/OTC Desk|
|SUSHI (SUSHI)||₹ 1194.96||Check SUSHI Price||Get Free SUSHI||Buy in SUSHI Real Time||Buy SUSHI on EZ/OTC Desk|
|DECRED (DCR)||₹ 15400.99||Check DCR Price||Get Free DCR||Buy in DCR Real Time||Buy DCR on EZ/OTC Desk|
|CHILIZ (CHZ)||₹ 36.25||Check CHZ Price||Get Free CHZ||Buy in CHZ Real Time||Buy CHZ on EZ/OTC Desk|
|Enjin Coin (ENJ)||₹ 179.75||Check ENJ Price||Get Free ENJ||Buy in ENJ Real Time||Buy ENJ on EZ/OTC Desk|
|BAT (BAT)||₹ 105.17||Check BAT Price||Get Free BAT||Buy BAT in Real Time||Buy BAT on EZ/OTC Desk|
|DIGIBYTE (DGB)||₹ 10.6||Check DGB Price||Get Free DGB||Buy in DGB Real Time||Buy DGB on EZ/OTC Desk|
|YEARN.FINANCE (YFI)||₹ 3960385||Check YFI Price||Get Free YFI||Buy in YFI Real Time||Buy YFI on EZ/OTC Desk|
|SIACOIN (SC)||₹ 2.98||Check SC Price||Get Free SC||Buy in SC Real Time||Buy SC on EZ/OTC Desk|
|THE GRAPH (GRT)||₹ 115.37||Check GRT Price||Get Free GRT||Buy in GRT Real Time||Buy GRT on EZ/OTC Desk|
|DECENTRALAND (MANA)||₹ 104.81||Check MANA Price||Get Free MANA||Buy in MANA Real Time||Buy MANA on EZ/OTC Desk|
|BITCOIN DIAMOND (BCD)||₹ 673.74||Check BCD Price||Get Free BCD||Buy BCD in Real Time||Buy BCD on EZ/OTC Desk|
|OMISEGO (OMG)||₹ 890.79||Check OMG Price||Get Free OMG||Buy OMG in Real Time||Buy OMG on EZ/OTC Desk|
|ICON (ICX)||₹ 190.38||Check ICX Price||Get Free ICX||Buy in ICX Real Time||Buy ICX on EZ/OTC Desk|
|UMA (UMA)||₹ 1932.71||Check UMA Price||Get Free UMA||Buy in UMA Real Time||Buy UMA on EZ/OTC Desk|
|0X (ZRX)||₹ 141.13||Check ZRX Price||Get Free ZRX||Buy in ZRX Real Time||Buy ZRX on EZ/OTC Desk|
|RAVENCOIN (RVN)||₹ 12.72||Check RVN Price||Get Free RVN||Buy in RVN Real Time||Buy RVN on EZ/OTC Desk|
|IOST (IOST)||₹ 4.69||Check IOST Price||Get Free IOST||Buy in IOST Real Time||Buy IOST on EZ/OTC Desk|
|XINFIN (XDC)||₹ 7.61||Check XDC Price||Get Free XDC||Buy XDC in Real Time||Buy XDC on EZ/OTC Desk|
|LISK (LSK)||₹ 637.58||Check LSK Price||Get Free LSK||Buy LSK in Real Time||Buy LSK on EZ/OTC Desk|
|1INCH (1INCH)||₹ 524.71||Check 1INCH Price||Get Free 1INCH||Buy in 1INCH Real Time||Buy 1INCH on EZ/OTC Desk|
|WINKLINK (WIN)||₹ 0.0934||Check WIN Price||Get Free WIN||Buy in WIN Real Time||Buy WIN on EZ/OTC Desk|
|VOYAGER TOKEN (VGX)||₹ 303.45||Check VGX Price||Get Free VGX||Buy in VGX Real Time||Buy VGX on EZ/OTC Desk|
|REN (REN)||₹ 73.35||Check REN Price||Get Free REN||Buy in REN Real Time||Buy REN on EZ/OTC Desk|
|PUNDI X (PUNDIX)||₹ 227.94||Check PUNDIX Price||Get Free PUNDIX||Buy in PUNDIX Real Time||Buy PUNDIX on EZ/OTC Desk|
|BALANCER (BAL)||₹ 5126.54||Check BAL Price||Get Free BAL||Buy in BAL Real Time||Buy BAL on EZ/OTC Desk|
|OCEAN PROTOCOL (OCEAN)||₹ 106.5||Check OCEAN Price||Get Free OCEAN||Buy in OCEAN Real Time||Buy OCEAN on EZ/OTC Desk|
|BAND PROTOCOL (BAND)||₹ 1282.34||Check BAND Price||Get Free BAND||Buy in BAND Real Time||Buy BAND on EZ/OTC Desk|
|SERUM (SRM)||₹ 775.99||Check SRM Price||Get Free SRM||Buy in SRM Real Time||Buy SRM on EZ/OTC Desk|
|GOLEM (GLM)||₹ 36.58||Check GLM Price||Get Free GLM||Buy in GLM Real Time||Buy GLM on EZ/OTC Desk|
|STEEM (STEEM)||₹ 91.14||Check STEEM Price||Get Free STEEM||Buy in STEEM Real Time||Buy STEEM on EZ/OTC Desk|
|KAVA (KAVA)||₹ 455.48||Check KAVA Price||Get Free KAVA||Buy in KAVA Real Time||Buy KAVA on EZ/OTC Desk|
|DODO (DODO)||₹ 269.73||Check DODO Price||Get Free DODO||Buy in DODO Real Time||Buy DODO on EZ/OTC Desk|
|SWIPE (SXP)||₹ 358.21||Check SXP Price||Get Free SXP||Buy in SXP Real Time||Buy SXP on EZ/OTC Desk|
|CIVIC (CVC)||₹ 44.35||Check CVC Price||Get Free CVC||Buy CVC in Real Time||Buy CVC on EZ/OTC Desk|
|ARK (ARK)||₹ 179.53||Check ARK Price||Get Free ARK||Buy in ARK Real Time||Buy ARK on EZ/OTC Desk|
|BITSHARES (BTS)||₹ 9.86||Check BTS Price||Get Free BTS||Buy in BTS Real Time||Buy BTS on EZ/OTC Desk|
|POLYMATH (POLY)||₹ 29.88||Check POLY Price||Get Free POLY||Buy in POLY Real Time||Buy POLY on EZ/OTC Desk|
|STRATIS (STRAX)||₹ 227||Check STRAX Price||Get Free STRAX||Buy in STRAX Real Time||Buy STRAX on EZ/OTC Desk|
|AMPLEFORTH GOVERNANCE TOKEN (FORTH)||₹ 2662.9||Check FORTH Price||Get Free FORTH||Buy in FORTH Real Time||Buy FORTH on EZ/OTC Desk|
|REPUTATION (REP)||₹ 3404.34||Check REP Price||Get Free REP||Buy in REP Real Time||Buy REP on EZ/OTC Desk|
|TOMOCHAIN (TOMO)||₹ 201.82||Check TOMO Price||Get Free TOMO||Buy in TOMO Real Time||Buy TOMO on EZ/OTC Desk|
|DIVI (DIVI)||₹ 6.47||Check DIVI Price||Get Free DIVI||Buy DIVI in Real Time||Buy DIVI on EZ/OTC Desk|
|PAXG (PAXG)||₹ 136431||Check PAXG Price||Get Free PAXG||Buy in PAXG Real Time||Buy PAXG on EZ/OTC Desk|
|PACCOIN (PAC)||₹ 0.9755||Check PAC Price||Get Free PAC||Buy in PAC Real Time||Buy PAC on EZ/OTC Desk|
|PIVX (PIVX)||₹ 135.73||Check PIVX Price||Get Free PIVX||Buy in PIVX Real Time||Buy PIVX on EZ/OTC Desk|
|SOLVE CARE (SOLVE)||₹ 17.56||Check SOLVE Price||Get Free SOLVE||Buy SOLVE in Real Time||Buy SOLVE on EZ/OTC Desk|
|DENTACOIN (DCN)||₹ 0.0074||Check DCN Price||Get Free DCN||Buy DCN in Real Time||Buy DCN on EZ/OTC Desk|
|NXT (NXT)||₹ 5.27||Check NXT Price||Get Free NXT||Buy in NXT Real Time||Buy NXT on EZ/OTC Desk|
|SCALA (XLA)||₹ 0.174||Check XLA Price||Get Free XLA||Buy XLA in Real Time||Buy XLA on EZ/OTC Desk|
|FACTOM (FCT)||₹ 204.8||Check FCT Price||Get Free FCT||Buy in FCT Real Time||Buy FCT on EZ/OTC Desk|
|TENXPAY (PAY)||₹ 8.54||Check PAY Price||Get Free PAY||Buy in PAY Real Time||Buy PAY on EZ/OTC Desk|
|KOEL COIN (KOEL)||₹ 0.085||Check KOEL Price||Get Free KOEL||Buy KOEL in Real Time||Buy KOEL on EZ/OTC Desk|
|KYBER NETWORK (KNC)||₹ 0||Check KNC Price||Get Free KNC||Buy in KNC Real Time||Buy KNC on EZ/OTC Desk|
|BITRON COIN (BTRN)||₹ 0.043||Check BTRN Price||Get Free BTRN||Buy BTRN in Real Time||Buy BTRN on EZ/OTC Desk|
|FACE KINDLE (FKD)||₹ 0||Check FKD Price||Get Free FKD||Buy FKD in Real Time||Buy FKD on EZ/OTC Desk|
|BELDEX (BDX)||₹ 4.35||Check BDX Price||Get Free BDX||Buy BDX in Real Time||Buy BDX on EZ/OTC Desk|
|VALOBIT (VBIT)||₹ 1.07||Check VBIT Price||Get Free VBIT||Buy VBIT in Real Time||Buy VBIT on EZ/OTC Desk|
|BITICA COIN (BDCC)||₹ 74.85||Check BDCC Price||Get Free BDCC||Buy BDCC in Real Time||Buy BDCC on EZ/OTC Desk|
|COINLANCER (CL)||₹ 0.7255||Check CL Price||Get Free CL||Buy CL in Real Time||Buy CL on EZ/OTC Desk|
|BITCOIN HEDGE (BTCHG)||₹ 410.94||Check BTCHG Price||Get Free BTCHG||Buy BTCHG in Real Time||Buy BTCHG on EZ/OTC Desk|
|BACKPACKER (BPC)||₹ 28.38||Check BPC Price||Get Free BPC||Buy BPC in Real Time||Buy BPC on EZ/OTC Desk|
|FUNJO (FUNJO)||₹ 6.99||Check FUNJO Price||Get Free FUNJO||Buy FUNJO in Real Time||Buy FUNJO on EZ/OTC Desk|
|BUYUCOIN TOKEN (BUC)||₹ 0.0018||Check BUC Price||Get Free BUC||Buy BUC in Real Time||Buy BUC on EZ/OTC Desk|
|ADORE FINANCE TOKEN (XFA)||₹ 0||Check XFA Price||Get Free XFA||Buy XFA in Real Time||Buy XFA on EZ/OTC Desk|
|MAKE MORE MONEY (M3C)||₹ 0||Check M3C Price||Get Free M3C||Buy M3C in Real Time||Buy M3C on EZ/OTC Desk|
|HEY BITCOIN (HYBN)||₹ 10.16||Check HYBN Price||Get Free HYBN||Buy HYBN in Real Time||Buy HYBN on EZ/OTC Desk|
|MAHADAO (MAHA)||₹ 533.53||Check MAHA Price||Get Free MAHA||Buy MAHA in Real Time||Buy MAHA on EZ/OTC Desk|
|CLOAKCOIN (CLOAK)||₹ 93.21||Check CLOAK Price||Get Free CLOAK||Buy in CLOAK Real Time||Buy CLOAK on EZ/OTC Desk|
|SMARTOFGIVING (AOG)||₹ 3.75||Check AOG Price||Get Free AOG||Buy AOG in Real Time||Buy AOG on EZ/OTC Desk|
|THE CHAMP COIN (TCC)||₹ 0.329||Check TCC Price||Get Free TCC||Buy TCC in Real Time||Buy TCC on EZ/OTC Desk|
|BINTEX FUTURES (BNTX)||₹ 61.57||Check BNTX Price||Get Free BNTX||Buy BNTX in Real Time||Buy BNTX on EZ/OTC Desk|
|C2C TOKEN (C2C)||₹ 0.1466||Check C2C Price||Get Free C2C||Buy C2C in Real Time||Buy C2C on EZ/OTC Desk|
|HYDRO (HYDRO)||₹ 0.0864||Check HYDRO Price||Get Free HYDRO||Buy HYDRO in Real Time||Buy HYDRO on EZ/OTC Desk|
Siacoin provides its users with decentralized cloud storage options. This means that any investor or user who owns a particular amount of SC coins will be able to access or host encrypted storage through the platform. The data that is stored within these storages such as transaction records, contracts, and storage proofs can be verified too using the blockchain’s public ledger. This ability to decentralize cloud storage by taking it out of the hands of the multi-national companies and handing it to individuals has the potential to turn the market into Siacoin’s favor. This allows people to utilize a peer to peer storage ecosystem where individuals can rent out free space on their hard disks. The services that are provided on the platform are compensated in the form of SC coins and the transactions that are made on the platform are made secure through filing contracts and storage proof.
Sia, as a concept was first come into mind of at HackMIT, an annual student-run hackathon in 2013. David Vorick is co-founder and CEO of Sia. It was determined by Nebulous development team which contains a core team of five industry people.It was officially launched in June of 2015; it is now backed by Boston-based firm Nebulous Inc., whose self-proclaimed mantra is: ‘Re-decentralizing the Internet.
In India you can Buy Bitcoin through BuyUcoin easily using credit/debit card, UPI, mobikwik wallet and more in less than 10 minutes. Try Now! Your crypto investment is a click away
In India you can Sell Bitcoin through BuyUcoin easily and withdraw INR directly into your bank account, no questions asked. The whole process will not take more than 10 minutes. Try Today!
The system consists largely of clients who commission storage space from hosts, who are compensated with sc coins for their services. Since the service is largely free-market driven, most of the power lies within the hands of the provider as they can set their own prices for their services, cost of penalties, and advertise the level of security and reliability they are capable of providing to the client. Clients also have a certain degree of measures in order to ensure the retrievability and safety of their data. Clients can create copies of their data and send it to multiple providers in case there occurs an issue of file corruption.
Other safety measures that are in place are file contracts. File contracts are terms and conditions of the deal that are defined by both the host and the client. The contract ensures that both the parties live up to their end of the deal and in case of a violation of the contract, a mutually agreed-upon penalty is given to the violator. Since the contract is saved in the blockchain’s public ledger, the contract remains verifiable and immutable.
After the hard fork that the cryptocurrency experienced on the market, an alternative currency was developed named Siacoin Classic in its response. The currency was meant to be as a last haven for Innosilicon and Blake2b coin miners. After the hard fork, the Siacoin discontinued the use of third-party blake2b ASICs while leaving its offical Sia ASIC operational. This forced the cryptocommunity to come up with its own blake2a alternative coin in order to ensure that the Antminer A3 and other former algorithm users could remain operational post hard fork.
Siacoin was developed not as a viable alternative to fiat currency or as an alternate cryptocurrency to Bitcoin. The cryptocurrency was specifically designed in order to facilitate peer to peer cloud storage facilities to its users. One of the biggest benefits of investing in Siacoin is that the platform provides unmatched privacy to its users. The data cannot be accessed by anyone unless the provider is in possession of the data’s private key. This is a strong deterrent against multi-national cloud storage companies that makes its customers relinquish all their data as soon as it is stored in their servers.
Another notable benefit of investing in Siacoin is its affordability. The value of 1 Siacoin value in INR stands at 0.2335 INR, thus owning the cryptocurrency is quite easy for various investors who are testing the waters. The cost of the cryptocurrency is dictated by the market and thus the platform offers and accordingly priced service rates for its users. The blockchain network also provides its users with cloud storage options for as low as $2 USD for a month, compared to other multi-national companies that offer their services for an average of $23 USD per month.
Since the entire system of Siacoin is decentralized and encrypted, the network provides its users with unparalleled security by keeping your data safe from vulnerabilities that are rampant in most centralized cloud storage companies. The ability to split documents between multiple hosts also protects the client data from a single point of failure. Siacoin is definitely attracting the interest and investment of more and more investors as the current Siacoin market cap stands at $137,220,052 USD.
As of 2nd July 2020, Siacoin’s price in INR stands at a value of 0.2335 INR. This value is liable to rise or fall according to the cryptocurrency market and the amount of investment Siacoin generates. Since June 16, the cryptocurrency so a rise of almost 15 percent. The price of sc coin in USD stands at $0.00310 USD and has a circulating supply of 44 billion coins as of now. The cryptocurrency has a 24-hour trading volume of $3,819,767 USD.
Just like every other cryptocurrency that is in circulation, the Siacoin also relies on miners in order to supply computational power to its blockchain platform, who in turn are rewarded with Siacoin for their services and contribution to the blockchain. The process of mining ensures that the network remains secure while advancing the blockchain further. Miners enable the transactions that occur on the platform by verifying it and storing it in the blocks of the network. Transactions are considered complete only when they are verified and stored in a block. The process also ensures that the transactions remain secure as it is computationally impossible to go back and change a previous block in the blockchain. Miners are also awarded with a sum of 35,000 SC coins as of June 2020 upon the successful verification of a block in the blockchain.