Siacoin （SC） will host a community call on August 5th to provide updates on its progress and future plans. This article outlines what to expect from the call and the importance of Siacoin in decentralized storage.
Points
- Siacoin’s community call is scheduled for August 5th.
- The call will provide updates on Siacoin’s progress and future plans.
- Siacoin aims to be the backbone of decentralized cloud storage.
Siacoin （SC） is set to host a community call on August 5th, offering participants the latest updates on the cryptocurrency’s progress and future plans. This call will provide valuable insights into Siacoin’s developments and its vision for decentralized storage.
Community Engagement: The community call is an opportunity for users to share their thoughts on Siacoin’s future and ask questions. Siacoin encourages active participation and engagement to shape the platform’s direction.
Decentralized Cloud Storage: Siacoin serves as a trustless and secure marketplace for cloud storage, allowing users to rent out unused storage space. The primary goal of Siacoin is to compete with major cloud storage providers like Amazon, Google, and Microsoft by offering more competitive rates through its decentralized nature.
Technological Backbone: In the Sia network, files are divided into 30 encrypted segments, each stored with a different host for redundancy. Smart contracts on the blockchain govern the relationships between uploaders and hosts, with Siacoin facilitating transactions and ensuring reliability.
Explanation
- Community Call: The upcoming call will provide essential updates and foster community engagement, crucial for Siacoin’s development.
- Decentralized Storage: Siacoin’s decentralized model offers competitive storage rates, positioning it as a challenger to major cloud providers.
- Technological Innovation: Siacoin’s use of smart contracts and encrypted file segmentation ensures secure and reliable decentralized storage.