Siacoin Research Hub | SC information, history and analysis

Siacoin is a cryptocurrency project that applies blockchain technology to develop a cloud data storage platform for individuals/businesses. This network is designed to be a flexible and highly customizable data store to meet any enterprise’s data storage requirements. By using blockchain technology, Siacoin helps protect users’ data absolutely and has cheaper transaction costs than traditional cloud service providers.

Siacoin Token (SC) is a utility token of the Siacoin network, running on Sia’s blockchain platform and officially released on June 6, 2015, by Nebulous, Inc. The Siacoin token (SC) is used for the following purposes:

• SC is used to pay network transaction fees and data storage rental fees.

• Users can get SC by renting out data storage space on the platform.