Sia is a cryptocurrency set to dramatically change the way we look at enterprise cloud storage and has its eyes set firmly on a market currently dominated by Dropbox, Microsoft, Amazon and Google.
Traditional cloud storage services such as DropBox upload customer’s data to a central ecosystem where it is controlled and thus exposed to all sorts of shady shenanigans such as database breaches, accidental loss and personal data misuse.
With Sia your uploaded files are encrypted, broken up into tiny pieces and then spread across multiple hosts which means superior redundancy (multiple copies of your data are securely stored across multiple hosts) ensuring data loss and snooping is no longer an issue.
What makes Sia great is that anyone can participate and get paid for leasing their spare storage space (something many of us have with the price of hard drives being so low). When an uploader and a host connect a contract is formed called a ‘smart contract’ which allows the renter to receive payments in exchange for their storage space being used.
Given SiaCoin’s potential we think it is seriously undervalued, in fact hundreds of other coins exist without a fraction of the usefulness of Sia. The technology is no doubt set to transform data storage in the future.
Take a look at SiaCoin here: http://sia.tech/get-started/Ardor
Dubbed as NXT 2.0 – Ardor is a scalable blockchain platform that natively supports a wide range of features including transaction aliasing, blockchain storage, account management, privacy based coin mixing, voting and built in marketplace creation. However the stand out feature that makes Ardor a truly innovative project is its implementation of child chains.
The introduction of child chains opens up great levels of customisation and enables each child chain (which could be a company,...