SiaCoin (SC) Lucrative Investment for Traders

With many digital currencies smarting from the January crypto-crash SiaCoin (SC) seems focused in giving the investor the best value that blockchain based coin should offer. With the market still in its virginity, more coins are still coming up with promises of better features and solving different real world problems.

In a very short time, the list of cryptocurrencies keeps growing and the competition is getting intense every other day. Tokenizing ICOs has become the norm prompting Know Your Customer (KYC)to step in; with each coin claiming total anonymity and privacy, fighting dark web dealings has also become a global concern.

Coins are virtually disrupting every industry with use cases becoming a reality. Industries that are seen to be malfunctioning are the most hit by the blockchain revolution and disruptions. There is a coin for healthcare, sports cloud computing and banking among the most hit sectors.

SiaCoin (SC) Market Impact

The SiaCoin (SC) entered the market in 2015 and has seen tremendous growth. It has always been sandwiched between the major players like Bitcoin, Ethereum and Ripple among others. The steady growth of SC has drawn a lot of interest from investors looking for a stable trading digital asset.

SiaCoin has gained in term of market capitalization and price despite the current price shift being experienced across the digital money markets. It is interesting to see how the market behaves. Below are some points to note and a good reason to hold SC.

SiaCoin (SC) Goal

The reason behind the development of SiaCoin is to provide a permanent and scalable solution in the cloud storage sector. Cloud storage has been dominated by few internet based providers like Google Drive, Droppox and Amazon S3. The providers are way too expensive for the normal user hence the need for a cheaper alternative.

SiaCoin uses the blockchain technology to provide encrypted storage depository for all its users. This is s decentralized platform where you can store and access your information from any corner of the globe. The good news about SiaCoin is that it provides the best security and guards you information against editing and hacks.

The SiaCoin (SC) Architecture Efficiency

In is interesting to note that the SiaCoin architecture for efficiency is built on three key pillars:

The storage Feature: This is what the entire SiaCoin ecosystem thrives on. The storage function helps clients and other users interact with the network. You can rent out any unwanted space in your computer or rent space from the system. This is a flexible platform and as a user, you are at liberty to set your own price.

Contracts: As a SiaCoin ecosystem participant, you can draft your custom made file contracts. These are simple terms of use and access to your data. These contracts ensure there are no fraud cases during trade on the network.

Proof-of-storage: This is what makes the SiaCoin ecosystem secure. As a provider, once you fail to provide proof-of-storage within a set period, the amount in transaction is returned to the sender until proof of storage becomes available; there is no fraud. 

SiaCoin (SC) Benefits to the User

As an investor, you need to look at the benefits of SiaCoin or any other digital coin that you are staking on. There are several benefits of SiaCoin that critics fail to see. These benefits are what has made SiaCoin remain stable in the market and has attracted mass adoption in a very short period of time.

Unmatched Privacy:  The encryption nature of SiaCoin data is a security feature that has discerned the SC holder and user. As a platform participant, you have the private keys to your information. Data can only be accessed with your consent. 

The SiaCoin outfit is secure:  The proof of storage model makes the platform highly secure and you are protected by the custom made contracts. These keep the network ethically secure and data is immutable and cannot be manipulated by third parties.

Affordable: Unlike other cloud storage service providers, SiaCoin products and services are affordable to the ordinary user. At $2 you can get better quality storage service compared to Amazons S3 $23. This is one of the benefits that any cloud based storage consumer looks at.

If you value your data and are looking for the best cloud storage service provider, SiaCoin offers the best value for money.  You do not have to spend more for a service that is questionable when it comes to security and a possibility of your information being share by third parties.

These feature and benefits of SiaCoin are what drive the SC coin value in the market. If you are into crypto-trading, this could be a lucrative choice in your digital coin portfolio. At the moment the coin is trading under $1 and the price has only one option; going north.

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