Review on Siacoin by Mohammad Shuja
Siacoin is one of the great projects.
The aim behind a project that is now doing well is to create a blockchain architecture for an open and decentralized market for cloud storage. Anyone may use Sia to rent storage space, host data, or participate in the network.
Sia utilises its own money, Siacoin, to handle transactions on the network (SC). Siacoin, like Bitcoin, is a digital currency that can be used to buy or sell decentralized cloud storage space inside the Sia network.
These initiatives promote the platform's overall progress in collaboration with its users and followers, resulting in noticeable changes on the platform day after day. In addition to soliciting suggestions and recommendations from all of its users, as they are the ones that contribute to the improvement of these wonderful initiatives.
Pros
- All Sia network files are encrypted and safe and can only be viewed by the renter.
- It acts like a market which is open.
- Very easy to get to.
- Fees are cheaper than on standard cloud storage services.
Cons
- There are several big players in the market.
