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Siacoin (CRYPTO: SC) — Company Overview, News & Financial Data

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Siacoin

About

Siacoin is a decentralized cloud storage platform powered by blockchain technology and smart contracts. The network enables users to rent underutilized hard drive storage space from independent hosts worldwide, creating a peer-to-peer marketplace for data storage. Files uploaded to the network are split into multiple encrypted shards using erasure coding and distributed across global host nodes to ensure privacy, redundancy, and high availability. Storage contracts and automated proof-of-storage payments are programmatically enforced on the native blockchain, eliminating centralized data centers and single points of failure.

Snapshot

Public CRYPTOOwnership
2015Year founded
-Employees
-Head office
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Global footprint

Operations

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Products and/or services of Siacoin

  • Decentralized Storage Contracts: Peer-to-peer smart contracts established between renters and hosts on the blockchain to lock up funds and mandate cryptographic proofs of storage, ensuring automated compliance and recurring payment settlements without intermediary reliance.
  • File Encryption and Erasure Coding: Technical data processing mechanism that splits user files into encrypted fragments using Reed-Solomon erasure coding before distributing them across global host nodes to guarantee fault tolerance and data availability.
  • Host Storage Provider Infrastructure: Distributed software node package enabling individual hardware operators globally to monetize spare drive capacity, configure bandwidth and storage pricing, and periodically generate cryptographic proofs of storage for network compensation.
  • Sia Storage Application: Cross-platform client software for desktop and mobile operating systems allowing end users to store, manage, and retrieve encrypted files, with options for direct file sharing and media streaming across decentralized nodes.
  • S5 Distributed Storage Protocol: Content-addressed storage protocol layer designed for high-speed file operations, providing compatibility with S3-compatible storage interfaces and enabling cross-network integration for decentralized and traditional storage networks.
  • Ecosystem Development Grants: Public funding mechanism allocating capital to third-party software developers and infrastructure providers to build open-source decentralized applications, network analytics platforms, benchmarking tooling, and storage integrations.