#siacoin
Siacoin Price Prediction 2018: Siacoin at $1.00 is a Possibility
Profit Confidential via profitconfidential.com
Siacoin is a cryptocurrency that can only work on the Sia network. Unlike the first and most sought after cryptocurrency, Bitcoin, whose origin remains pretty cryptic, Siacoin’s creation has been more transparent.
The founders of this cryptocurrency had a problem in mind and Siacoin turned out to be their solution. Here’s what supposedly happened: The founders of Sia were looking for a way to put the excess storage available on their native hard drives to good use.
But for exclusivity, buying and renting storage space on Sia required Siacoin–the only currency the network accepted. You must first buy some other cryptocurrency–say, Bitcoin–which you can then exchange for Siacoin.
Then, you use some other cryptocurrency to exchange it for Siacoins on an altcoin exchange like Bittrex or Poloniex. Since you need Bitcoin or Ethereum or some other altcoin to buy Siacoin, it’s important we consider the future potential of cryptocurrencies as a whole.