Sia is a decentralized cloud storage platform which intends to compete with existing storage solutions, at both the enterprise and P2P level. Instead of renting storage from a centralized provider, peers of Sia rent storage from each other. Sia stores only the storage contracts formed amongst the parties, defining the terms of their arrangement. A blockchain, similar to Bitcoin is used for this purpose.
Sia also extends transactions to enable the enforcement and creation of storage contracts. By forming a contract, a storage provider- also known as a host, agrees to store a client’s data and periodically submit proof of their continued storage unless the contract expires.
Siacoin stands out in the crypto space because of its solid use case. As it is gaining popularity, more people have started talking about it. Let's check what are the market experts or crypto editorials saying.
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