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5 interesting SiaCoin (SC) facts you need to know

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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

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FOTON Bank Is Launching An All-in-One Crypto Banking Service to Process up to 500 Transactions per Second

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The decentralized FOTON project is launching its next-generation crypto-bank ecosystem to stimulate and facilitate the use of cryptocurrency payments worldwide, as stated in the official press release published by the company.

The statement issued by the FOTON project on December 3, referred to the launch of a decentralized crypto-bank designed for multi-currency transactions featuring a built-in fiat and cryptocurrency exchange system and instant contactless payments for goods and services worldwide. The system is intended to become a stable and flexible ecosystem that will enhance scalability for services related to financial assets, exchange solutions, cards, accounting, and business/customer services.

The technology being employed in the design of the ecosystem was specifically created to tackle some of the most critical issues facing the modern banking system, as well as the widespread adoption and application of cryptocurrencies in routine business transactions. The issues the FOTON project’s ecosystem seeks to solve include overregulation, bureaucracy, centralization, system faults, volatility, legal constraints and complications related to practical use.

We are creating the ecosystem that will prove to be the impetus and basis the crypto market needs to make the effective transition to becoming the next global banking system,” as stated by Andrey Pashkevich, CEO and Co-founder of FOTON.

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“The time to buy is when there’s blood on the streets” – Baron Rothschild

You have probably heard these stories, but let me explain why they are as important today as they were 100 years ago when first spoken. Not only that, it is just as relevant today. A bit of a background first.

Napoleon was at war with England. The Battle of Waterloo, it was England’s last chance to save itself, and remain as England. Baron Rothschild was standing at his post in the London stock exchange. If England wins, the market will rally, if Napoleon wins, it will go to shit. Baron Rothschild sends his private messenger to Waterloo and demands that he return to him and report who won the war.

His messenger does so and makes it in time before the public knows anything. England had won the Battle of Waterloo.  At his stand on the exchange, what does Barron do? You would think buy up stocks right? Nope, Baron starts to sell, at first slowly, and then faster. The other brokers on the floor watch what Rothschild is doing and think “Baron knows something, we lost, start selling”. Now, the brokers on the exchange begin selling in a frenzy. In the midst of all this, Baron begins placing buy orders at the bottom of the market through other brokers who do not know…

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Crypto Users’ Search For a Good Bitcoin Blender Stops With Bestmixer.IO

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At first glance, it might seem easy to find a good bitcoin blender that guarantees your anonymity and is secure. There are after all a number of big bitcoin mixers on the market, so how different can their services really be?

If that’s what you’re thinking, beware. All bitcoin blenders claim to have anonymous transactions – that is after all the main reason why anyone would want to use these services. This claim was however always difficult to test. How does one go about to check if these promises are indeed true?

This was the case until BestMixer.io appeared on the scene. Unlike previous bitcoin anonymization services, BestMixer.io features complete, verifiable anonymization for bitcoin. Releasing a utility named the Coin Anonymization Event (CAE) check, BestMixer.io not only proved that their bitcoin transactions could not be traced, but also showed that those of their competition could be. With this bold move, BestMixer.io not only demonstrated that they are a good bitcoin blender, but one could argue that they are the best. Even though those services that were exposed as not being anonymous have in the meantime changed their systems to prevent the CAE-check from revealing transaction detail, would you really be happy to trust them again?

BestMixer.io mixes not only Bitcoin, but also other leading cryptocurrencies including Bitcoin cash, Ethereum, Litecoin and Bitcoin SV.

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