Peer-to-peer file storage with automatic enforcement of contracts, reducing reliance on centralised cloud storage providers
Implementation of erasure coding to maintain high data availability across a multitude of storage hosts
Ability for clients to choose storage hosts based on metrics fitting their needs, such as reliability or price
Possibility for providers to offer differentiated services based on their reliability and storage capacity
A Decentralised file tracker infrastructure, potentially leading to a standardised system for hosts and clients to communicate
File contracts that compensate hosts in Siacoin for submitting regular storage proofs
Use of a unique cryptocurrency (Siacoin) for transactions within the Sia network, including payments and penalties related to storage contracts
Plans for integration with Bitcoin's blockchain through a two-way peg, improving stability and opening the door for Bitcoin users to utilise Sia's storage solutions.
sia is a Decentralised cloud storage platform that operates on a blockchain. It was introduced on November 29, 2014. Its primary function is to create storage contracts between peers in its network. Distinct from centralised cloud storage, Sia enables peers to rent storage from each other with contracts that are stored on the Sia blockchain. Sia uses a cryptocurrency called Siacoin (SC) to enable transactions within its network. The platform ensures providers prove continued data storage to their clients and compensates them for this service using Siacoin. While it initially operates as an altcoin, Sia plans to incorporate a two-way peg to Bitcoin, making it a sidechain that can leverage Bitcoin's security and capital while preserving its unique characteristics for Decentralised storage.
Peer-to-peer file storage with automatic enforcement of contracts, reducing reliance on centralised cloud storage providers
Implementation of erasure coding to maintain high data availability across a multitude of storage hosts
Ability for clients to choose storage hosts based on metrics fitting their needs, such as reliability or price
Possibility for providers to offer differentiated services based on their reliability and storage capacity
A Decentralised file tracker infrastructure, potentially leading to a standardised system for hosts and clients to communicate
File contracts that compensate hosts in Siacoin for submitting regular storage proofs
Use of a unique cryptocurrency (Siacoin) for transactions within the Sia network, including payments and penalties related to storage contracts
Plans for integration with Bitcoin's blockchain through a two-way peg, improving stability and opening the door for Bitcoin users to utilise Sia's storage solutions.
sia is a Decentralised cloud storage platform that operates on a blockchain. It was introduced on November 29, 2014. Its primary function is to create storage contracts between peers in its network. Distinct from centralised cloud storage, Sia enables peers to rent storage from each other with contracts that are stored on the Sia blockchain. Sia uses a cryptocurrency called Siacoin (SC) to enable transactions within its network. The platform ensures providers prove continued data storage to their clients and compensates them for this service using Siacoin. While it initially operates as an altcoin, Sia plans to incorporate a two-way peg to Bitcoin, making it a sidechain that can leverage Bitcoin's security and capital while preserving its unique characteristics for Decentralised storage.
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