About Siacoin

Sia is a decentralized cloud storage platform that enables users to rent storage space from a network of peers rather than relying on a centralized provider. Utilizing blockchain technology, Sia facilitates secure transactions through smart contracts, ensuring that data is encrypted, fragmented, and distributed across multiple hosts before being stored. This innovative approach not only enhances data security but also reduces costs compared to traditional storage solutions, making it an appealing option for users seeking reliable and affordable cloud storage. Developed by David Vorick and Luke Champine of Nebulous Inc., Siacoin serves as the native cryptocurrency of the Sia platform, supporting its decentralized storage ecosystem. The project is open-source, fostering community involvement and the development of various applications built on the Sia API. Sia's roadmap includes short-term goals focused on file sharing among users, medium-term objectives aimed at forming partnerships with major companies, and long-term aspirations to broaden its user base by allowing file sharing with non-Sia users and integrating mobile wallet support.