Computing & Data Storage
Sia is a decentralized storage platform secured by blockchain technology.
Sia is a blockchain-driven decentralized P2P data storage platform.
Sia users are able to enter into contracts, define terms of their arrangements and rent storage space from each other. Thus, Sia itself is only storing these contracts. The hosts store clients’ data and regularly submit proof of their continued storage. The hosts are compensated for every submitted proof.
Sia employs siacoin as the platform’s core currency. The siacoins can be mined, traded or used as a means of payment for data storage.
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