Somewhere in the middle of 2013, David Vorick, a computer science student at Rensselaer Polytechnic Institute thought of this great idea which lead to what we now know as Siacoin. He then discussed his idea with his college friend Luke Champine. This project was presented at a HackMIT Hackathon in 2013 and was officially named Sia, after an Egyptian god of Perception in the year 2014. That was a little history of Siacoin(SC), lets go ahead and find out more about this project.
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What is Siacoin(SC)?
Sia is a decentralised cloud storage platform based on Blockchain Technology. Siacoin(SC) is the utility token of Sia. The platform provides a secure and trustless marketplace for its users. The users on the platform can lease out access to their unused storage space. All the agreements on the platform are sone using smart contracts and the users use Siacoin as the mode of payment for these Storage Spaces. The project’s whitepaper states that Sia aims to compete with existing storage solutions and to become the “backbone storage layer of the Internet”.
Is it profitable to invest in Siacoin(SC)?
If you are confused about whether to invest in Siacoin or not, you could clarify your doubts by understanding which type of investment are you looking for. If you are looking to invest in a coin that would bring you higher returns on investment, looking at its previous value and the growth trend, it might not be a greater investment choice, but on the other hand, if you are looking for a coin that can offer you stability and reliability, Siacoin(SC) might just be the one you are looking for.
Siacoin(SC) Tokenomics
The total supply of the Siacoins that are ever created minus the ones that are already destroyed is 49,425,172,992 SC. And all these 49.42 Billion SC are now in circulation. The maximum supply of the Siacoins is unknown. That is because Siacoin is designed to be a utility token that can be used to power transactions through smart contracts. To effectively create and store limitless amounts of data, Siacoin(SC)’s maximum supply is also said to be limitless.
What will Siacoin (SC) be Worth in 2021 Price Prediction?
As Siacoin (SC) Price Prediction 2021 is forecasted to reach $0.02858148
What will Siacoin (SC) be Worth in 2022 Price Prediction?
Siacoin (SC) Price Prediction 2022 is forecasted to reach $0.03660408
What will Siacoin (SC) be Worth in 2023 Price Prediction?
Siacoin (SC) Price Prediction 2023 is forecasted to reach $0.04544076
What will Siacoin (SC) be Worth in 2024 Price Prediction?
Siacoin (SC) Price Prediction 2024 is forecasted to reach $0.05829812
What will Siacoin (SC) be Worth in 2025 Price Prediction?
Siacoin (SC) Price Prediction 2025 is forecasted to reach $0.07007024
What will Siacoin (SC) be Worth in 2026 Price Prediction?
Siacoin (SC) Price Prediction 2026 is forecasted to reach $0.14014048
What will Siacoin (SC) be Worth in 2027 Price Prediction?
Siacoin (SC) Price Prediction 2027 is forecasted to reach $0.21021072
What will Siacoin (SC) be Worth in 2028 Price Prediction?
Siacoin (SC) Price Prediction 2028 is forecasted to reach $0.28028096
What will Siacoin (SC) be Worth in 2029 Price Prediction?
Siacoin (SC) Price Prediction 2029 is forecasted to reach $0.3503512
What will Siacoin (SC) be Worth in 2030 Price Prediction?
Siacoin (SC) Price Prediction 2030 is forecasted to reach $0.42042144
What will Siacoin (SC) be Worth in 2035 Price Prediction?
Siacoin (SC) Price Prediction 2035 is forecasted to reach $0.7007024
What will Siacoin (SC) be Worth in 2040 Price Prediction?
Siacoin (SC) Price Prediction 2040 is forecasted to reach $1.0510536
What will Siacoin (SC) be Worth in 2045 Price Prediction?
Siacoin (SC) Price Prediction 2045 is forecasted to reach $1.4014048
What will Siacoin (SC) be Worth in 2050 Price Prediction?
Siacoin (SC) Price Prediction 2050 is forecasted to reach $1.751756
Wrapping Up
The above mentioned are the prices that Siacoin(SC) is forecasted to reach in the coming years. If you choose to invest in Siacoin(SC) or any other cryptocurrency for that matter, keep in mind that these markets at most times can be highly volatile. So please do your research before you invest and keep yourself updated with regular market trends. For more such articles visit Zeen.