Siacoin (SC) Self Reported Market Cap Achieves $51.76 Million

Siacoin (SC) traded up 0.7% against the dollar during the 1 day period ending at 7:00 AM E.T. on May 4th. Siacoin has a total market capitalization of $51.76 million and $4.11 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last seven days, Siacoin has traded down 1.8% against the dollar. One Siacoin coin can currently be purchased for $0.0009 or 0.00000001 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded up 4% against the dollar and now trades at $2.15 or 0.00002723 BTC.
• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $78,807.38 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.8% higher against the dollar and now trades at $0.11 or 0.00000140 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $10.32 or 0.00013097 BTC.
• Bitcoin Cash (BCH) traded 0.3% lower against the dollar and now trades at $443.86 or 0.00563225 BTC.
• Monero (XMR) traded 2.1% lower against the dollar and now trades at $387.84 or 0.00492140 BTC.
• Zcash (ZEC) traded 3.9% higher against the dollar and now trades at $407.39 or 0.00516950 BTC.
• Litecoin (LTC) traded down 0% against the dollar and now trades at $55.22 or 0.00070069 BTC.
• Ethereum Classic (ETC) traded up 1.6% against the dollar and now trades at $8.62 or 0.00010936 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 5th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @siafoundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech. Siacoin’s official message board is sia.tech/blog.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network. Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid. The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage. The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet. Discord, YouTubeWhitepaper”

Buying and Selling Siacoin

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView