Siacoin SC Price 0.00070854

p>Siacoin (SC) is used to maintain payment infrastructure and transactions taking place on the network./p> The platform allows you to store data in the cloud, and the blockchain registry serves to verify transactions, contracts and stored assets. It is built on the basis of a P2P storage ecosystems that allows users to rent out their hard drive space to others or store their data on other people's storage resources. In June 2015, it was officially launched by David Vorick. Vorick introduced the idea at the HackMIT Hackathon in September of 2013), and he discussed it with his college friend, Luke Ciampin. Vorick and Ciampin met a billionaire investor who invested in the project. Before graduating from college, they formed Nebulous Inc., a company that has since been renamed Skynet. He says that the project is in competition with major cloud storage providers. Due to the nature of the network, files are divided into 30 segments, each of which is uploaded to a backup host. Agreements between downloaders and hosts are recorded and applied using smart contracts. Skynet, the company standing behind the network, has announced several products built on the network. Skynet, the company's largest shareholder, owns 85% of all of the company's second criptocurrency, Siafund, and a 3.9% fee is charged for each transaction involving data storage. Over the course of the day, the asset has grown.