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Reasons Why SiaCoin (SC) Still is a Good Bet

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SiaCoin

Every cryptocurrency that currently exists on the market owes its survival to the special benefits that it offers. Whether it is stability, a large distribution, big potential for a practical use, every crypto has its own thing that is keeping it afloat. For SiaCoin (SC), this is the security and a large practical use when it comes to its potential to store large amounts of data.

SiaCoin is a safe zone

SiaCoin (SC) is yet another cryptocurrency, but one with a large potential for data hoarders. Its price is at around $0.025 at the time of writing according to CoinMarketCap, but this coin has a very specific nature.

The coin’s real use is as a storage platform which is cloud-based. It allows its users to store large amounts of data, whether they are an organization, a business, or an individual. Every second of every day, the internet is receiving huge amounts of data, some of which can be very important, and even life-changing.

A lot of it needs storing in a safe place, which is where platforms like Google Drive, Amazon S3, iCloud, DropBox, and, of course, SiaCoin, really come in handy. There is, always have been, and always will be, a real necessity for a strong depository which will allow its user to store sensitive info. SiaCoin provides just that, and with ridiculously small fees when compared to many other platforms.

Data stored on the platform is only available to the user, and it is completely hack-proof, thanks to the fact that it is based on the blockchain technology. Additionally, SiaCoin’s entire ecosystem is encrypted, and files are reduced to small bits that do not alter the stored information in any way.

You need SC for any transaction

Another thing that makes SiaCoin different from others is that all transactions on this platform can only be done through the SC tokens. This is also the reason why the tokens are capable of keeping their value.

The tokens can be acquired through one of many exchanges that SiaCoin has partnered with. Those include HitBTC, Buttrex, or Crytopia. The only issue here is the fact that you can only buy SC with ETH or BTC. There is also always an option to mine your tokens yourself, but the necessary hardware can get a little expensive, with its cost currently being at around $2300.

However, once you get your hands on some of the SC tokens, you can use them to acquire extra storage. For only $2, you can get up to 1TB of SiaCoin’s blockchain. This is an incredible price, considering that Amazon S3 would charge you $23 for 1TB per month.

SiaCoin is an asset that is used by professionals, and it is available globally. Its popularity is constantly going up, and the coin’s value is soon to follow as well.

SiaCoin cons

Of course, despite its many advantages, not even SiaCoin is perfect, and it does have a couple of minor issues. There have been a few complaints that the transactions that were made are not reflected on the situation in the wallet. This mostly includes transactions related to exchanges or mining pools. Still, this is not a large concern, since all of the transactions are still linked to user’s seed.

The lack of transaction updates was also noticed. Usually, this means that the block has yet to attain the required height, but the system starts behaving as it already has. If this happens, the only solution is to delete Sia-UI blockchain and replace it with a new one, which should be followed by re-syncing. This is time-consuming, but it can be done.

Obviously, SiaCoin has a lot of potentials to become one of the biggest storage platforms on the internet, and definitely one with the most security. It has its flaws, but they are not a dealbreaker, and it is believed that this crypto still has a very bright 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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Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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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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