Description

Update

Sia is a storage marketplace enabling buyers to rent space from sellers with extra disk space.

Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.

Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography.

The promise of Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters, building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft.


Reviews

Write a review
- February 12, 2017
starstarstarstarstar All that needs to be said: $1/TB/Mo.
Who can compete with that?

- February 12, 2017
starstarstarstarstar Sia offers a great idea for decentralized data storage. Like Storj and Maidsafe, they have built a blockchain based storage network that lets you have ownership in the company. I love the idea. The early execution however needs work.
The UI is not cutting edge, but that is likely to improve. The process in purchasing Sia Coins is a bit tedious and the faucet feature doesn't work. But I believe with time these issues will be resolved. Oe key area they need to improve is security. Here's an excerpt from a recent piece addressing just this issue:
"Sia is more vulnerable than Bitcoin to a 51% attack. We have fewer mining pools by a significant amount, and less hashrate by a significant amount. "
Another concern is wether Sia's host nodes are expected to perform competent SecOps. I expect that as Sia grows this will be less of a problem.
In the end, I'm excited to begin using Sia!

People Also Viewed

Mycelium Bitcoin Wallet logo

Mycelium Bitcoin Wallet

starstarstarstarstar 9 reviews
With the Mycelium Bitcoin Wallet you can send and receive Bitcoins...
Airbitz logo

Airbitz

starstarstarstarstar 3 reviews
Mobile Bitcoin wallet for iOS and Android. Wallet contains a...
BitSudoku logo

BitSudoku

starstarstarstarstar 3 reviews
Earn free BitCoins solving Sudokus

Submit a Review

Promote your Crypto website on BitTrust

Discover

Exchanges
Merchants
Wallets
Escrows
Payments
See all »

People Also Viewed

Athena Bitcoin Inc. logo

Athena Bitcoin Inc.

starstarstarstarstar 18 reviews
We are a same day bitcoin company running a midwest U.S based...
BitZonk logo

BitZonk

starstarstarstarstar 13 reviews
BitZonk is really simple. You’re just three steps away from your...

Top Exchanges

L.cash logo

L.cash

starstarstarstarstar 23 reviews
L.Cash is a platform designed to simplify and enhance the way individu...
Cointandem logo

Cointandem

starstarstarstarstar 20 reviews
www.CoinTandem.com allows end users to buy Bitcoin via wire transfers ...
Quantum Markets logo

Quantum Markets

starstarstarstarstar 37 reviews
Quantum Markets is The safest place to buy and exchange crypto. Join o...
Onex BTC logo

Onex BTC

starstarstarstarstar 593 reviews
Do you want buy bitcoin with paypal without id verification or with i...
Cash To Crypto logo

Cash To Crypto

starstarstarstarstar 198 reviews
Cash To Crypto was formed in 2013 to provide a simple solution for pur...