Sia protocol
Overview
Sia is a decentralized cloud storage platform that operates on its own blockchain. It enables users to rent out unused hard drive space to others, with files encrypted, split into segments, and distributed across a network of hosts. Payments and contracts are managed using Siacoin (SC), the native cryptocurrency.
Within the DeFi Intel graph, Sia connects to 2 tracked entities, most strongly to Filecoin, Siacoin (SC).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
competes_with | Filecoin | 85% |
issues_token | Siacoin (SC) | 85% |
Frequently asked questions
What is Sia?
Sia is a decentralized cloud storage platform that operates on its own blockchain, allowing users to rent out unused hard drive space to others.
How does Sia handle file security and distribution?
Files on Sia are encrypted, split into segments, and distributed across a network of hosts for security and redundancy.
What token does Sia use for payments and contracts?
Sia uses Siacoin (SC), its native cryptocurrency, to manage payments and contracts on the platform.