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Sia is a decentralized cloud storage platform that aims to compete with existing storage solutions. Sia community users rent storage from one another and retains only the storage contracts concluded between the parties which define the terms of their agreement. The ecosystem of Sia is similar to that of bitcoin.
Siacoin started from 0,5677 INR on 8th September 2017 and climbed up to 0,3207 INR on 30th September 2017.
There were technical updates wherein the SIA team had release an integrated software with Duplicati and had even started Luxor mining pool. And at 0,3195 INR on 1st October 2017, Siacoin finally reached 0,2430 INR on 31st October 2017 which was a slow pick up.
And at 0,2347 INR on 1st November 2017, Siacoin made a slow pace to reach 0,3624 INR on 31st November 2017.
And at 0,3829 INR on 1st December 2017, Siacoin finally trended at 2,05 INR on 31st December 2017.
Initial price on 1 January 2018 was INR 2.05 and then Siacoin finally reached INR 2.12 on 31 January 2018.
Starting off on 1 February 2018 at INR 2.15, Siacoin was trading at INR 1.35 on 28 February 2018.
The Sia is a blockchain that will allow you to store your data on a decentralized Cloud.
Concretely, instead of all your data being saved on the servers of an entity, they are registered in all the users who agree to allocate their storage spaces. It's a kind of hard disk in peer to peer.
With Sia, your data is cut, encrypted and distributed over the network, so no one can interfere. It saves your data separately on dozens of nodes, this guarantees a total availability of your data, even if users turn off their computers.
SIA uses a blockchain principle to store your files with other members of the network and this makes it always available. I assure you, no one will be able to consult your files (since it is encrypted) and even if several SIA clients are not available, your files will remain accessible.
This kind of project, although a bit complex at first glance, is probably the future of online storage. An inexpensive, secure, redundant storage and far from the hands of big boxes that use and analyze our data.