The price of Siacoin (SC) has been up and down lately and no one knows if the cryptocurrency will continue rising. However…
For those of you who don’t know what Sia is, it is basically empty storage much like Google Drive or Dropbox.
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It is decentralized and encrypted and no one is holding in their own hands the information you are storing. Your information is encrypted and then are sent around in million small bits to different hosts. So when you need your information all these little bits come together as one and voila you get your file in one piece.
If you want to use Sia, you have to participate in the network by buying someSiaCoin and that way you can join the creation of the value and distribution of the network.
One thing to keep in mind with Sia is that you may lose all your money if your computer is not online 24/7. Sia network uses this as a punishment for not making the files available.
However, Sia is good because instead of buying coins just because and watch the market being volatile, SiaCoin is one of the very few coins that exist for other reasons than just investing.
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