Sia -The only truly decentralized cloud storage -update inc!
A new update is just behid the door. I'm not telling that we are going to the moon right now, but Sia already reached its bottom and started new uptrend, which can be slow and steady but also there is good opportunity for some massive growth/pump at this point (negligible resistances, good BTC position, new Sia update - this all may bring us to 300-500% very quickly).
The new update will move Sia one more step closer to become the only fully decentralized cloud storage. Sia team is working very hard to reach their visions and the progress is awesome. The future is very bright for Sia. For this price SC has very good R/R ratio.
A few informations for people who don't know what Sia is about:
- Sia is decentralized, encrypted, peer to peer cloud storage platform. It is encrypted, multiplied, chopped into little bits, and then all those little bits are sent around to a bunch of different hosts. When you want access to your file, the appropriate bits are recompiled and you get your file.
- Sia has reduced overhead dramatically by building the framework and outsourcing the storage to anyone with an internet connection and a hard drive. That’s why it can charge a much lower fee. They multiply the bits in case a node holding a piece of your file happens to be offline.
- Unlike most new coins, the Sia team chose not to hold an ICO. Instead, Sia began life when its genesis block was mined. This is very unusual in the cryptocurrency world. However, so far this has seemed to work out for Sia. Thanks to prominent investors such as Fenbushi Capital, Raptor Group, Procyon Ventures, along with angel investors like Xiaolai Li, the Sia team managed to raise over $1.25 million in funding without an ICO.
Just imagine if any big company (paying big fees for data storage at this moment + dependent on 3rd party which can crash or whatever) starts using this technology to pay X times less fees and become fully independent.. Think about it and possibly you come to the conclusion that maybe there won't be better time to jump in than RIGHT NOW!
The new update will move Sia one more step closer to become the only fully decentralized cloud storage. Sia team is working very hard to reach their visions and the progress is awesome. The future is very bright for Sia. For this price SC has very good R/R ratio.
A few informations for people who don't know what Sia is about:
- Sia is decentralized, encrypted, peer to peer cloud storage platform. It is encrypted, multiplied, chopped into little bits, and then all those little bits are sent around to a bunch of different hosts. When you want access to your file, the appropriate bits are recompiled and you get your file.
- Sia has reduced overhead dramatically by building the framework and outsourcing the storage to anyone with an internet connection and a hard drive. That’s why it can charge a much lower fee. They multiply the bits in case a node holding a piece of your file happens to be offline.
- Unlike most new coins, the Sia team chose not to hold an ICO. Instead, Sia began life when its genesis block was mined. This is very unusual in the cryptocurrency world. However, so far this has seemed to work out for Sia. Thanks to prominent investors such as Fenbushi Capital, Raptor Group, Procyon Ventures, along with angel investors like Xiaolai Li, the Sia team managed to raise over $1.25 million in funding without an ICO.
Just imagine if any big company (paying big fees for data storage at this moment + dependent on 3rd party which can crash or whatever) starts using this technology to pay X times less fees and become fully independent.. Think about it and possibly you come to the conclusion that maybe there won't be better time to jump in than RIGHT NOW!
Trade active:
Yes, it will take more time than estimated but who cares, Just wait for it...
Comment:
Sia is a project which has real usage in current and future world. Do you realize that most companies are using cloud for data storage/backup? If they will have choice between expensive/centralized vs. cheap/decentralized storage, what do you think they will chose? Just matter of time..we are still at the beginning, but the potential of this project is huge. Sia is the real sleeping giant for only 40sat ;)