Sia is a decentralized storage platform secured by blockchain technology. There are multiple server storages and hard drives which are connected into a single network. Each provider of free space in this network receives a commission. The main idea of Sia project is to create a data storage marketplace using underutilized hard drive capacity.
This marketplace is run without an intermediary, there is an absence of third parties interference. No one person or organization can censor or deny access to data — not miners, not developers, nor any government.
Sia competes with traditional cloud storage providers offering reliable and affordable storage transactions with smart contracts.
The first Siacoin (SC) was introduced to the cryptocurrency community in 2015. This happened with the launch of the Sia network.
Initially, the idea of Sia appeared in 2013 at HackMIT, an annual event organized every fall by students at the Massachusetts Institute of Technology. Sia was invented by David Vorick and Luke Champine. After a while, the crew has grown into the Boston-based Nebulous team, the core developers of Sia.
Key team members:
David Vorick - co-founder, CEO, and lead developer. He has a bachelor’s degree in Computer Science from Rensselaer Polytechnic Institute and is a leading blockchain and Proof of Work architect.
Luke Champine - co-founder and core developer. Luke is an expert in protocol engineering and a contributor to Golang.
Chris Schinnerl - Sia blockchain developer, and the head of our EU team. Chris has contributed to Sia since 2017.
Manasi Vora - Nebulous' Head of Product Strategy, in charge of business development. Researched work on tokenized assets at MIT DCI.
And a team of eight other developers and operations professionals.
Let’s say you want to buy Siacoin. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy SC.