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5 interesting SiaCoin (SC) facts you need to know

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Siacoin
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Data undoubtedly is vital, isn’t it? Therefore, it is worth storing that in not only a secure depository — but also a trustworthy place. With the ever-advancing technology, the amount of data that gets generated across the globe is simply overwhelming.

SiaCoin is a crypto that you definitely need for your data to be secure, as it was designed with the purpose of creating perfect decentralized cloud storage secured by the blockchain technology. Sia platform works in a way that your files, on cloud storage, are separated and encrypted to make them available to you only. They are then spread on the platform — and storage is not in your account, but instead divided into smaller pieces distributed in the decentralized network.

Therefore, SiaCoin has the ability to secure your sensitive data from any kind of manipulation and hacking. In fact, the following are some exciting SiaCoin data storage hacks for you to consider.

SiaCoin (SC) Platform = Decentralized Cloud-Based Data Storage

The point here basically is that you need to be in control of your sensitive data, and with SiaCoin, you will achieve that with ease. All your information is immutable as you are the only person who has access to the data.

What SiaCoin does is that it connects all those individuals that need data storage space and those individuals with space. A small fee is charged so that you can get all your information safely stored in cloud storage.

All in all, storage of SiaCoin is smart contract oriented and is non-comparable to others like Google Drive, Amazon S3, Dropbox or ICloud as it merely has the best quality for data safeguarding.

SiaCoin Secure Data Sharing

As said earlier, you are the very own boss of your data, which means any third-party doesn’t have access to your sensitive information. In fact, the data stored and shared is encrypted with files separated into smaller bits without any alteration in the data.

On top of stealthy data safety, the sharing and transaction speeds are higher when the files are compacted. The fee of SiaCoin is roughly $2 per 1TB, unlike Amazon S3 (for example) which charges $23 for 1GB per month.

Therefore, from whichever angle you may want to look at SiaCoin; it is a win-win situation for you and a good value for your hard-earned money.

SC is the only supported mode of payment

On the SiaCoin platform, all the transactions are paid using SC (currency unit for paying for space) tokens and the data storage is offered as a service. Other cryptocurrencies cannot be used to pay directly for the services.

Several hosts are also available in the platform whereby you can easily buy space from, and for the cost, it depends on the required amount of space you need for the data. All transactions are secure and trusted; thanks to the enabled smart contract.

SiaCoin is Global, and for everyone

Ideally, you are first required to fund your wallet so that you can participate in the platform. To make everything possible, therefore, SiaCoin has partnered with some exchanges making it possible to convert other currencies into SC coins.

Also, you can fund the SiaCoin wallet through mining, too – hence mining is made possible from anyplace with the right mining hardware. But, that might be not easy for everyone as the mining hardware price is above $2300.

A Professional Asset

At the moment any investment in SiaCoin would be well-worth-it, such as exploring the token well. Anyone who uses data, let it be an organization or individual, should consider SiaCoin (SC) platform as it saves a lot of money as well as provides unmatchable information security which ultimately enhances professionalism.

It is highly likely that the SiaCoin value will be positively triggered by the increase in popularity of the cloud storage. As long as you interact with some information that is worth sharing or storing, you will find using the SiaCoin (SC) platform worth it. Storing sensitive (and real-time) information is never simple after all.

We will be updating our subscribers as soon as we know more. For the latest on SC, sign up for our free newsletter!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of fs999 via Flickr

Altcoins

AZ FundChain Offers a Compelling Alternative to Traditional Crowdfunding

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AZ FundChain
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Although many tokens have collapsed during the ongoing altcoin apocalypse, the future remains bright for applications with real world usage.  Because of the ongoing bear market and limited trading opportunities, analyzing businesses with the potential to experience real world adoption should be the priority.  Part of that analysis should include looking at industries that need improvement.  During my analysis, one area that quickly popped up is the field of traditional crowdfunding and money circles.  And, as it turns out, AZ FundChain application offers a compelling alternative.

Problems with Traditional Crowdfunding

President Obama’s JOBS Act essentially laid the ground work for crowdfunding.  This legislation was passed in 2012 and included a provision for large groups of anonymous investors to fund startups.  It essentially gets around the dreaded “qualified investor” requirement that created a barrier for so many potential participants.  Crowdfunding is a great way for non-traditional businesses to raise funds for operating capital.  It certainly beats having to beg a bank for a loan, or, even worse, a loan shark.

But, as the common cliché goes, no good deed goes unpunished.  Traditional crowdfunding and money circles certainly have their fair share of problems.  The biggest problem is trust.  There are essentially very little checks and balances when it comes to how these companies will use the money that is raised.  Companies can promise the world but may not deliver…

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

It’s your money, you rightfully earned them, but still you need to explain to the bank where you got it from and be shamed by them. The funny part is that after long and painful due diligence process the bank may still decline in providing service for you.

They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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