When we are new to the Blockchain world, we tend to think that a "decentralized platform" is solely responsible for the purchase and sale of cryptocurrencies, but this idea would limit the multiple functionalities that ahead in the virtual world of the block chain. Such is the case of the SIA platform, which despite having a native cryptocurrency called "Siacoin", the services offered to its users are related to the storage of information in the cloud. Interested in knowing what it is about? Well, we invite you to another informative post from the Emeeseese Team!
Knowing SIA
As we said in the Intro of the post, we are talking about a decentralized platform, so if you were hoping to get information about the Australian singer Sia Kate Isobelle Furler, we regret to disappoint you,
Although the information may be of your interest too :-D
The different feature between SIA and the other platforms is that with it you can get space to store information, rent spaces for others to keep, making use her native cryptocurrency "Sicoins " to make payments for service.
Therefore, if we wanted to summarize its meaning in a sentence it would be:
"Cloud storage through the Blockchain"
Born on June 6, 2015, its creators David Vorick and Luke Champine, baptized so the plataform with the name of SIA for its Egyptian meaning "God of perception". You can currently download version 1.3.3 for Windows, Linux and MacOs available on their site official
The web allows you to translate the page into the language you master and aesthetically it is a simple and clear platform where you can find information so that you can use it, as well as the functions it offers, as the following image shows:
The most accurate definition of the platform can be found on its official site and well says:
"Sia is a decentralized storage platform secured by blockchain technology.The Sia storage platform takes advantage of underutilized hard disk capacity worldwide to create a data storage market that is more reliable and lower cost than traditional data storage providers. cloud storage."Source
The intention of your currency (Siacoins) is to support the platform and serve as a means of payment for the services offered:
1.- Either by users who rent their HDD, receiving Siacoins as a means of payment (for storing information from other users). If you want to download SIA to offer this kind of services you can do it through this link.
2.- As well as for those users who want to practice the cryptocurrency mining in the platform, helping to improve the SIA network (receiving rewards in Siacoins blocks). If you want to download SIA to offer this kind of services you can do it through this link
As a curious fact, SIA has outstanding miners, all with curious names, among them we can mention three, starting with their official miner:
- Obelisk SC1
- DragonMint B52 Blake2b and
- Antminer A3 Blake2b
It should be noted that the rental service costs will vary depending on the space needed, being the prices very competitive with those of the market, avoiding the figure of a centralized intermediary.
And continuing with the ways you can get Siacoins, we explain two other ways:
3.- Receiving the cryptocurrency from other users,
4.- Buying them in exchange houses like: Bittrex, Shapesift, Yunbi and Poloniex.
As we have already explained in the ABC dictionary about the world of finance and the Blockchain, this kind of transactions is backed by intelligent contracts and SIA does not escape this kind of treatments, since storage transactions are supported by intelligent contracts, which represents more security and seriousness to users.
Its creators believe that Sia's decentralized and distributed storage technology is more robust, more secure, more efficient and more equitable for the entire ecosystem and they hope that in the long term Sia will become the main storage layer of the Internet.Source.
If you want to check the opinion of the creators of SIA, we leave several means so you can check it:
If you want to know the latest news from the SIA world you can access your twitter
If you are encouraged to participate in forums or leave comments on the SIA platform, you can access here
If you like to interact with people who share this same world, you can accept the invitation and join their channel Discord
If you want to know in depth all the conditions of the decentralized platform SIA, we leave you the link so you can read their white paper
As you can see the world of Blockchain shows promising advantages, all focused on the premises of: security, fairness, equality and opportunity for all its users, decentralization eliminates intermediaries with individual interests that enrich the large corporations, for this reason we continue to bet on Blockchain and we hope that this kind of information gives them a broader vision of where the future is pointing.
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