Sia

Sia is a decentralized cloud storage platform that leverages blockchain technology to provide secure, affordable, and efficient data storage solutions. Founded in 2015 by Nebulous Inc., Sia operates by allowing users to rent out unused storage space from hosts worldwide, creating a distributed network. The company generates revenue through transaction fees and its native cryptocurrency, Siacoin, which facilitates payments between users and hosts. Sia's innovative approach challenges traditional cloud storage providers by offering enhanced privacy and cost-effectiveness. Its open-source nature and focus on decentralization make it a pioneer in blockchain-based storage solutions.

Recent Posts by Sia

1-20 of 37