Review on Siacoin by Mehdi hazni
SiaCoin
I did not know the purpose of this network before I was going to write a review for Siacoin. But now I think it is a wonderful project.
We're all familiar with cloud storage systems like iCloud and Google Drive, but sometimes data is still stolen or hacked. For this reason, we can not put our information in these networks with complete confidence.
But as we all know, blockchain technology is extremely secure and cannot be hacked. On the other hand, information is not stored in a specific space that, for example, steals information by accessing servers.
The SiaCoin network is also built for the purpose of a storage space but on a blockchain space, which is great.
As for the exchange rate of this project, SC, I have reviewed and it seems that there is a fundamental resistance in the range of 40 Satoshi that if it rejects it, it can achieve higher goals. (Resistance line is marked in the photo)
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Pros
- Provide cloud storage with extremely high security
Cons
- The price of SC currency is in a very low range due to its potentials and history
