Siacoin
SC
Siacoin (SC) Feed: Events, News & Roadmap
Siacoin to Host Community Call on May 6th
Siacoin is set to hold a community call on May 6th. The discussion will cover updates on renterd, hostd, walletd, and the company’s roadmap.
Siacoin to Participate in Paris Blockchain Week in Paris on April 9th
Siacoin is set to participate in the Paris Blockchain Week in Paris from April 9 to April 12. The focus of Siacoin’s participation will be on showcasi…
Siacoin to Host Community Call on February 5th
Siacoin will host a community call on February 5th at 21:00 UTC. The discussion will cover the latest updates on renterd, hostd, walletd, and the comp…
Siacoin to Hold Hackathon on December 15th
Siacoin will host a hackathon, a month-long event starting on December 15 and will be finished on January 15th.
Community Call
Siacoin will host a community call to provide updates on the latest developments in their new renting and hosting apps, share insights into their road…
Delisting From WazirX
WazirX will be delisting the following trading pairs on 2nd February 2023
Listing on Bitrue
Source Code License Update
Big Announcements
Hard Fork
Bounty Deadline
New SC/USDT Trading Pair on Binance
Listing on BKEX
Mainnet 2020
Online Meetup on Hangout
Skynet Hackathon
Online Hackathon
Palo Alto Meetup, USA
Listing on Kraken
Los Angeles Meetup, USA
Siacoin Events on the Chart
What is Siacoin?
Sia serves as a trustless and secure marketplace for cloud storage, where users can rent out their unused storage space. The primary objective of Sia is to position itself as the backbone storage layer of the internet, aiming to compete with major cloud storage providers like Amazon, Google, and Microsoft by offering more competitive storage rates due to its decentralized nature.
In the Sia network, files are divided into 30 encrypted segments, each stored with a different host for redundancy purposes. The relationships between those who upload and those who host files are governed and enforced through smart contracts on Sia’s blockchain. Siacoin facilitates transactions within this network, with renters paying hosts in SC for storage services, and hosts using SC as collateral within these smart contracts to ensure reliability and trust.
Siacoin (SC) is the native utility token of Sia, a decentralized cloud storage platform built on blockchain technology. Siacoin has an unlimited supply to match the potentially limitless demand for data storage and transactions on the network. New Siacoins are minted as mining rewards via a proof-of-work algorithm, with the mining reward now fixed at 30,000 SC per block. The introduction of The Sia Foundation has led to a doubling of the block reward, with half going to the Foundation. Siacoins are removed from circulation when hosts forfeit their tokens due to bad actions. The Sia team plans to implement a proof-of-burn mechanism where hosts must burn a portion of their earnings to demonstrate their legitimacy. The Sia development team pre-mined approximately 30 million SC before public release, but the team and investors hold less than 0.1% of the total Siacoin supply.