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What is Siacoin and the Sia Blockchain?

Written By Ivan on Tech

Apr 03, 2021

Sia is a decentralized blockchain-based cloud storage network. Using underutilized hard drive storage space, the Sia Storage Platform has created a marketplace for data storage. This provides higher levels of reliability than centralized alternatives. Furthermore, this comes at a much lower cost and is more reliable than centralized cloud storage platforms. As Sia users hold their own private keys, no outside entity can access user data held on the Sia blockchain. Moreover, Sia helps to prevent hacking and censorship by providing a tamper-proof system for data storage. The Sia blockchain is powered by the native Siacoin, which is used for renting out hard hard drive space. Also, Sia has recently introduced the Skynet content delivery network (CDN). This enables developers to build decentralized applications (dApps) that integrate seamlessly with the Sia blockchain.

In this article, we’ll dive deep into the Sia network ecosystem and discover how the blockchain works on a...

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