Siacoin (SC) currently has a price of ₽0.13 and is down -7.42% over the last 24 hours. The cryptocurrency is ranked 456 with a market cap of ₽7.5B. Over the last 24 hours, it saw ₽272.3M of trading volume. The token has a circulating supply of 56B tokens out of a total supply of 62B tokens.
Siacoin (SC) is a decentralized cryptocurrency that powers the Sia network, a blockchain-based storage platform. It provides secure and private data storage at lower costs compared to traditional cloud storage providers. SC operates on a proof-of-work consensus algorithm, ensuring secure and transparent transactions. Sia employs a network of storage providers who offer their unused hard drive space in exchange for SC, allowing users to rent storage at competitive prices while maintaining data encryption and decentralization. Additionally, Siacoin supports smart contracts for storage contracts.
Disclaimer: The “About” content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.