What is Sia? Decentralized Cloud Storage & SiaCoin (SC)

Qui est Sia ?

Launched by Nebulous in 2015, Sia (SC -0.2%) aims to reinvent cloud storage. Headquartered in Boston, the project was originally funded by companies such as the Raptors Group, Fenbushi Capital, First Star Ventures, and INBlockchain. Today, the network is supported by the non-profit Sia Foundation.

Sia fully believes in blockchain, and is utilizing a combination coin structure to achieve its goal of becoming the ‘backbone storage layer of the internet.’

Quel est le problème?

Humans are digital hoarders. We create more than 2.5 quintillion bytes of data daily – and that number is growing. This accumulation of data presents a major problem when tasked with the question, ‘where do we store it?’

While new technology has afforded us the ability to carry terabytes of data in our pockets, many individuals and companies are fully reliant on cloud storage. Unfortunately, cloud storage is an expensive endeavour. The server farms that are required to make such services work are very power-intensive and require constant maintenance.

La plateforme d'agrégation de données DOMO détaille nos habitudes de création.

While people may believe that cloud storage is cheap because there are companies out there that offer it for free, consumers are still paying in indirect ways. This may be through increased advertisements, inflated fees on other services, etc.

Aside from this, arguably the biggest concern with our current storage solutions is censorship. When utilizing cloud storage, the server hosts often have the ability to filter, evaluate, report, or censor information.

In an age where privacy breaches occur on a regular basis, and people are subjected to filtered media, a solution needs to be presented.

Comment Sia va-t-elle résoudre le problème ?

The team at Sia is aiming to solve all of the problems we just addressed. It recognizes that this is not an overnight fix, and understands that its main objective of becoming the internet’s storage backbone is a long-term goal.

To achieve this, Sia is combining cloud storage with blockchain technology. In doing so, it is able to create a decentralized cloud storage network. Rather than rely on a centralized storage point, such as a server farm, the company will use blockchain to rely on the unused hard drive space of various devices. This means that the 50 gigabytes of data sitting unused on your cellphone may be used in conjunction with millions of other devices to form a cloud network. While the whole process will be achieved through the use of smart contracts, Sia has turned to a multi-token structure to entice participants in its network.

Tokens

• SiaCoins – The first of its tokens is known as SiaCoin. This is a utility token that is used as an intra-platform currency. It will be used to reward those who lend out their unused hard drive space, and require those who store their data on the network.
• SiaFunds – These are a security token. This means that each token represents a revenue-sharing right on the network. Each time a user purchases storage space on the network with SiaCoins, a transaction fee occurs. These fees are divvied up between token holders and represent 3.9% of contract spending.

By turning to a method such as this, the team at Sia is able to avoid the construction and maintenance of costly server farms. More importantly, the issue of censorship is addressed. As the network is a decentralized service, with no single party controlling the flow of information, users can rest assured they are not being spied on or manipulated in any way.

L'équipe

The Sia project is maintained by a dedicated group of developers and led by the Sia Foundation.

• David Vorick – PDG, cofondateur et développeur principal
• Luke Champine – Cofondateur et développeur principal
• Chris Shinerral – Développeur principal
• Zach Herbert – vice-président des opérations

Quelle est la prochaine étape?

Sia successfully held a security token offering in April of 2018 for its SiaFunds. It was held as a modified Dutch auction. During the auction, 750 SiaFund tokens were sold to investors.

Now that this sale has taken place, and the network has matured, the project continues development towards its goal of becoming the internet backbone storage solution.

Pour connaître les détails du projet, veuillez consulter notre Liste des jetons Sia .