What is Siacoin? The Future of Cloud Storage
SC could change the infrastructure of how storage is used
David Vorick & Luke Champine are the team leaders & co founders behind the brilliant idea of Siacoin (aka SC). Worldwide there are many underutilized hard drives that are capable of providing users file storage and Siacoin aims to revolutionize this technology with the use of blockchain technology. Siacoin will be able to secure data, and enable improved economics for users, as well as hosts.
Siacoin blockchain technology allows the marketplace to run without a middle party. Utilizing smart contracts to secure storage transactions, the company creates a more reliable and affordable way to offer storage space opposed to traditional ways currently used. Siacoin’s decentralized storage technology is stronger, more secure, and more efficient, for all to use. No developers, no miners, and most importantly of all, no government can censor or deny access thanks to Siacoin.
According to the SC roadmap found on their website, the main goals for this year (2018) are as follows:
Become production ready for cold storage
Start being used by companies
Introduce file sharing
All of these are great goals for Siacoin, blockchain, and cloud storage for 2018. Everyone should be excited to see how it plays out.
Produced and written by @Crypto__Zeus