Sia – Decentralized Blockchain Private Cloud Storage Hosting?

Sia can be found online at sia.tech and is a company based on a new and different method of cloud storage. The datacenters are not all owned and managed by one single company like you would typically see.

Instead, Sia allows individuals and companies to rent their hard drives to Sia and make money. The integrity of your data is protected through the use of cryptography and redundancy.

Sia uses a network of datacenters that are all decentralized, spreading across the entire globe. When combined, all of these datacenters comprise what they claim to be the fastest, most affordable, and most secure platform for cloud storage in the world.

Due to the fact that datacenters must build trust in the market to reach their potential customers and even think about competing with large cloud storage companies, breaking into the market is a huge and expensive endeavor. Sia’s long-term goal is to be the primary storage system of the Internet. We think you will agree that’s a pretty lofty goal, right?

Well, here’s the kicker. They believe data should be unrestricted and free. They want to unshackle the idle bits of data all over the world and create the biggest storage superserver on earth.

What Is Sia?

As we already mentioned, Sia is a decentralized cloud storage platform. But there is one major difference between Sia and your typical cloud storage company. You can not only rent storage space, you can also get paid to host files on your own server.

In addition, the only form of currency used for Sia cloud storage is Siacoin, a form of cryptocurrency that enables decentralized payments.

How To Use Sia

Click on Get Started on the homepage and you will be presented various options. The steps you need to follow will vary depending on what task you want to accomplish. The options are Store, Host, Mine, and API. You can store your files, host the files of other users, mine Siacoins, or use Sia’s storage capabilities in your own app by integrating with their API.

Benefits Of Joining Sia

Your data is completely private. You hold the keys, so you have complete control over all of your data. No outside company can even think of accessing your data.

The decentralized cloud storage provided by Sia is much more affordable than companies like Amazon S3 and Dropbox. Typically, your cost will be about 10% of what it would cost you to store the same data with Amazon S3.

Redundancy is important when it comes to storing your data, and Sia has you covered. Your data is stored on dozens of nodes all across the globe.

Sia is completely open sourced, and over a dozen individuals have contributed. There is a very active community who builds apps using the Sia API.

Because it’s built using blockchain technology, companies will compete for your business. This drives down the price.

You pay the rent for your data storage with Siacoin, which can also be mined and traded.

Risks And Downsides

The website doesn’t list any downsides, but you should consider the fact that the company is less known and we’re not sure how accountable they would be if your data disappeared.

Sia Conclusion

If you are looking for a way to decentralize your data storage and you want to pay with cryptocurrency, this company is definitely worth a look.

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