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Siacoin

Siacoin

SiaCoin is a cryptocurrency for distributed file storage

OverviewStructured DataIssuesContributorsActivity
Contents

SiaCoin is a cloud storage cryptocurrency platform created by the blockchain and software development company Nebulous Labs on May 14, 2015. The company is based out of Boston, Massachusetts, and was founded by David Vorick and Luke Champine.

The Siacoin platform consists of a decentralized network of nodes located around the world. It enables users to store important data in a cloud platform that is secure and distributed in the network, preventing intrusions and violation of data privacy.Siacoin uses a Proof-of-Work (PoW) consensus mechanism and a BLAKE2 cryptographic hash function.

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Funding
Venture

On September 8, 2016 Siacoin raised $750,000 thousand in funding bringing there total ventyure capital funding to $1.25 million. Companies participating in the venture capital rounds include: Five Star Ventures (also known as Procyon Ventures), Raptor Group, Fenbushi Capital, and Xiaolai Li.

Timeline

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

References

...
sia.tech
Is a
Company
Company
Cryptocurrency
Cryptocurrency
Organization
Organization

Company attributes

Industry
Cloud computing
Cloud computing
Decentralized Finance
Decentralized Finance
Decentralized autonomous organization (DAO)
Decentralized autonomous organization (DAO)
Smart contract
Smart contract
Cryptocurrency
Cryptocurrency
Blockchain
Blockchain
Bitcoin
Bitcoin
Decentralized File Storage
Decentralized File Storage
...
Location
Miami Beach, Florida
Miami Beach, Florida
Brazil
Brazil
B2X
B2B
B2B
CEO
David Vorick
David Vorick
Founder
Terry Tai
Terry Tai
Daniel Lv
Daniel Lv
Full Address
67 Batterymarch St., Floor 4 Boston, MA 02110 USA
Investors
Buck Stash
Buck Stash
Sequoia Capital
Sequoia Capital
Polychain Capital
Polychain Capital
Multicoin Capital
Multicoin Capital
Huobi Capital
Huobi Capital
Paradigm
Paradigm
Dragonfly Capital
Dragonfly Capital
Bain Capital Ventures
Bain Capital Ventures
...
Founded Date
January 1, 2014
Email Address
hello@sia.tech
Total Funding Amount (USD)
28,000,000
Latest Funding Round Date
July 19, 2018
Competitors
Flux
Flux
Ocean (blockchain)
Ocean (blockchain)
Storj
Storj
Holo (cryptocurrency)
Holo (cryptocurrency)
BitTorrent (cryptocurrency)
BitTorrent (cryptocurrency)
Crust
Crust
Arweave
Arweave
Coin Artist
Coin Artist
...
Business Model
Commerce
Stock Symbol
SC
Exchange
FMFW.io
FMFW.io
MEXC Global
MEXC Global
Huobi
Huobi
CoinW
CoinW
Binance
Binance
WazirX
WazirX
Tokocrypto
Tokocrypto
Upbit
Upbit
...
Wellfound ID
siatechhq

Cryptocurrency attributes

Consensus Mechanism
Proof-of-work
Proof-of-work
Hash Function
Blake2
Blake2
Ticker Symbol
SC
Maximum Supply
6,986,667,396
Block Explorer URL
explore.sia.tech
siastats.info
Announcement URL
bitcointalk.org/index.php

Other attributes

Blog
blog.sia.tech
Circulating Supply
50,226,142,992
CoinGecko ID
siacoin
Community Forum
discord.com/invite/sia
Company Operating Status
Active
Cryptocurrency Symbol
SC
Market Capitalization
463,929,148
Medium URL
blog.sia.tech
Partner Organizations
CoinMarketCap
CoinMarketCap
Filebase, Inc.
Filebase, Inc.
Public/Private
Private
Source Code
sc.tokenview.com
siastats.info
Total Supply
50,226,142,992
Wikidata ID
Q55654897
Written in
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