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Can Siacoin (SC) Rise UpAfter OKEx Listing?

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Siacoin

In the current situation of cryptocurrency markets, almost all investors are desperately looking for promising altcoins to invest in. There are thousands of altcoins available to choose from and that is why it becomes tough to keep track of all such altcoins and choose some of them which has untapped potential, unique yet significant purpose behind it and performs well while keeping its price stable-ish. Such an altcoin is Siacoin (SC) which has all of the above-mentioned features. It is actually a distributed cloud storage platform that’s decentralized and liberates unused storage space. In this article, we shall find out more about Siacoin and its features and what it has been up to for the past few days.

All aboutSiacoin

The idea of Siacoin has been first conceived 5 years ago during HackMIT event that was hosted at the Massachusetts Institute of Technology. Siacoin was developed in order to allow anyone to rent out their storage space and get rewarded in return for their contribution. All network services are paid in Siacoin while all transactions are secured by filling contracts and storage proofs. The Siacoin team is working hard to build completely decentralized Datacentres which will collectively create the fastest, cheapest and secure cloud storage platform that this world has ever seen. Although Siacoin has direct competitors who offer the same idea (MaidSafe and Storj), no other decentralized cloud storage platform can maintain the decentralized ecosystem as effectively as Siacoin.

Reasons to Prefer Siacoin (SC)

There are many reasons to choose Siacoin’s unique approach than traditional cloud storage services. some of the major reasons for preference are as follows;

Security Factor:

All data present in Siacoin ecosystem is completely safe because its encrypted and is processed via a decentralized network and protecting it from any vulnerabilities of the centralized system. it also allows users to do redundant storage. Siacoin also protects user’s data while splitting uploaded documents between multiple providers.

Cost-effectiveness:

In terms of cost, Siacoin beats all pre-existent traditional means of cloud storage. They boast a flexible, market-driven and unrivaled pricing options for their users to choose from. Since the entire concept is decentralized, its no surprise to see that it costs way less than its centralized contemporaries.

Privacy:

The blockchain-based project is best known for their less expensiveness and enhanced privacy features. It’s the same in case of Siacoin as well. all data processed over Siacoin network is encrypted and a provider cannot open any of the stored files you’ve uploaded on Siacoin unless you provide the private key. The centralized cloud storage fails to provide this sort of ownership of data to their customers and hence prove to be less reliable.

How is it Different from MaidSafe and Storj?

As described earlier, Siacoin is not the only blockchain project wanting to implement decentralized cloud storage ecosystem. Its competitors MaidSafe and Storj each have their own strengths and weaknesses so to speak.

MaidSafe:

Most crypto enthusiasts recognize MaidSafe as an active blockchain project that has a noticeable online presence. Their team is trying not just to provide decentralized storage but also improving it. all of their plans sound good but there has been no actual progress made by their team. Users can use MaidSafe in alpha version only and looks like it’ll be a long time for it to become fully functional.

Storj:

Storj is another platform that has come up with the same idea as Siacoin and MaidSafe. For reasons unknown, storj is the only crypto among the three who has gained more spotlight and media attention as of late. Although the Storj concept is similar to Siacoin it offers some additional features such as pay-as-you-go model which means that hosts won’t get paid once the user disappears. Although storj is currently running on the beta version, they’ve suspended new registrations which makes things difficult for some users and benefit storj’s competitors.

OKEx Listing and its Effect

Yesterday OKEx which is one of the largest cryptocurrency exchange declared that it’ll be listing Siacoin soon enough. The official statement consisted of the schedule for deposits, spot trading, and withdrawals. They’ve also published in their basic information column about how influential Siacoin has become these days. With their core software downloaded for over 1 million times, one can imagine its popularity. This listing might open the door for a volume spike in Siacoin and leave a positive impression on a user’s mind. Listing on a big crypto exchange is quite a big deal and it seems to be only a warm-up for Siacoin markets.

Market Position

According to the data on CoinMarketCap, Siacoin is ranked as the 35th biggest crypto which has a total market capitalization of $566 million. Siacoin seems to be experiencing a spike in its individual price which is currently at $0.016. Around $28 million worth of Siacoin has exchanged hands within the past 24 hours. The Siacoin team has recently announced to be working on multiple enhancement and upgrades. Therefore, these figures are expected to rise in the days to come only if the crypto giants remain green-zoned.

Conclusion

It is evident that a decentralized cloud storage service is today’s need and people are looking at Siacoin to make a breakthrough soon with the technology it possesses. Crypto enthusiasts also expect to see Siacoin team more active and sealing useful partnerships that would ultimately boost their platform. Hopefully, Siacoin will prove to be more profitable in the near future.

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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.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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