Review on Siacoin by Eve Vallenilla

With the advent of technology, new smart solutions have also emerged that make it easier for us to manage document storage and digital content. This allows us to save space and time in the use of physical files, in addition to guaranteeing security in the manipulation of valuable information, depending on the storage resource that we use.

In this regard, Siacoin offers a storage source based on the use of blockchain technology, which guarantees the immutability of the data registered in the global distributed ledger and facilitates its visualization at any time by using an open and free coding mechanism. custody.

With this storage resource, the Siacoin platform seeks to create a reliable and decentralized virtual library, which uses a secure technological environment, thanks to the use of the blockchain.

How does the ecosystem work?

Sia represents a storage solution for any user at a global level, in exchange for the payment of this service in the native Siacoin currency.

It also allows users with availability of space on the hard drive of their computer equipment, obtain Siacoin in exchange for the lease of this digital resource by third parties, in this case becoming providers of storage spaces on the network.

Suppliers have total autonomy to establish the rates and conditions of the storage lease, and may even reserve the right of admission to potential customers.

All the stipulations of the contracting of the service are registered in the infrastructure of the Sia network through the modality of a smart contract.

The Sia platform receives income derived from the upload of digital content that is processed in each contract issued.

One of the qualities that Sia possesses is the affordable storage rates compared to other platforms on the market.