What is Siacoin?
Sia is a decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.
Sia uses a new cryptocurrency, called the siacoin.
The most important features of Sia can only be accessed by using siacoins. All storage contracts and all Sia payment channels require owning siacoins. This requirement means that as Sia grows in usage, so too will demand for siacoins.
As demand grows, the price will increase. If Sia is being used for billions of dollars of storage, billions of dollars of siacoins will be required. The value of the siacoin is inextricably tied to the amount of storage in use on the Sia network.
Siacoin News And Market Price Data
- Historical Data
- Bitcoin network settling an average of $95K for every $1 in feesCointelegraph.com News - 10 hours agoBitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees. The Bitcoin network’s value settlement efficiency has been…
- Hedera and Korea's Shinhan Bank partner on KRW stablecoin pilotCointelegraph.com News - 10 hours agoA new proof-of-concept will be tested to send fiat-backed stablecoins between banks to reduce fees and transaction times on international payments. South Korea’s Shinhan Bank…
- Kelly Strategic Management files for Ethereum futures ETFCointelegraph.com News - 12 hours agoFollowing Kelly Strategic Management’s filing for an Ether futures ETF, analysts questioned whether SEC chairman Gary Gensler is “mentally ready” to approve anything other than…
- South Korean lawmakers inch closer to deal to delay crypto tax by one yearCointelegraph.com News - 12 hours agoThe long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until…
- Wen moon? Data shows pro traders becoming more bullish on Bitcoin priceCointelegraph.com News - 14 hours agoMicroStrategy’s purchase of 7,002 BTC might have helped boost Bitcoin price today, but derivatives data also shows that pro traders are becoming more bullish. The…
Siacoin Frequenty Asked Questions
Where does Siacoin (SC) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Siacoin currently ranks in position 116 out of the top 1000 cryptocurrencies. Another important factor in popularity is Siacoin‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Siacoin has a market cap of $ 1,219,042,231, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,105,955,515,022, Litecoin at $ 14,857,053,763, Ethereum at $ 553,472,768,149, Tether at $ 74,461,688,078, and XRP at $ 48,054,743,703.
What is the price of Siacoin (SC) today (updated in realtime)?
The current price of Siacoin is $ 0.024654 in USD. (The price in Euros is 0,021889 €; and the price in Bitcoin is Ƀ 0.00000042 BTC.)
How has Siacoin (SC) performed recently?
Siacoin‘s price has decreased in the last 24 hours by -5.70%. The change in price over the last seven days was 17.02%. The trading volume over the last 24 hours was $ 123,781,609. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Siacoin‘s (SC) market supply?
The total circulating (available) supply of Siacoin is 49,445,445,000 SC. The total supply of Siacoin is 0 SC.
What is the 24 hour volume for Siacoin (SC)?
The 24 hour volume of Siacoin is $ 123,781,609.
What is Siacoin (SC) official website?
Siacoin‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
All Supported Currencies
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