Are Bulls Back On Track?
SC price closed the week with a gain of 70% and It boosted the confidence of investors and new participants might have taken a fresh longs
One of crypto’s underlying missions is fixing concerns in traditional and centralized services. Sticking to this ethos, Sia plans to provide trustless access to secure cloud storage at competitive rates compared to larger entities like Amazon and Google.
Data uploaded on Sia’s blockchain is fragmented across 30 encrypted hosts. The network requires a minimum of 10 hosts to remain functional to support data retrieval. Users pay hosts in SC, and decentralized storage leasers lock the tokens via smart contracts as collateral.
Siacoin operates with a proof-of-work consensus, depending on miners adding new blocks to the network and emitting new coins. Bitcoin is built around a PoW model as well. The idea is to bolster Sia’s blockchain against bad actors and hackers since this on-chain architecture requires expensive hardware and energy commitments to attempt attacks.
Blockchain has become a go-to technology for offering cloud storage due to its cost-effectiveness and borderless access. Aurora Labs chief strategy officer Matt Henderson said blockchain makes an ideal pair for cloud storage as it allows flexibility, improves efficiency, and guarantees optimization.
the move in SC is supported by massive buying volume, which is an indication that big players are also interested. If they participated in the rally, then minor dips are likely to get bought up.
The 50day & 200day sloping upward showcase uptrend and any short term retracement toward the support will be an opportunity to accumulate it at a cheaper price ,0.008 still is strong support as well. lets see can bulls break 0.0139 this time
SC price closed the week with a gain of 70% and It boosted the confidence of investors and new participants might have taken a fresh longs
One of crypto’s underlying missions is fixing concerns in traditional and centralized services. Sticking to this ethos, Sia plans to provide trustless access to secure cloud storage at competitive rates compared to larger entities like Amazon and Google.
Data uploaded on Sia’s blockchain is fragmented across 30 encrypted hosts. The network requires a minimum of 10 hosts to remain functional to support data retrieval. Users pay hosts in SC, and decentralized storage leasers lock the tokens via smart contracts as collateral.
Siacoin operates with a proof-of-work consensus, depending on miners adding new blocks to the network and emitting new coins. Bitcoin is built around a PoW model as well. The idea is to bolster Sia’s blockchain against bad actors and hackers since this on-chain architecture requires expensive hardware and energy commitments to attempt attacks.
Blockchain has become a go-to technology for offering cloud storage due to its cost-effectiveness and borderless access. Aurora Labs chief strategy officer Matt Henderson said blockchain makes an ideal pair for cloud storage as it allows flexibility, improves efficiency, and guarantees optimization.
the move in SC is supported by massive buying volume, which is an indication that big players are also interested. If they participated in the rally, then minor dips are likely to get bought up.
The 50day & 200day sloping upward showcase uptrend and any short term retracement toward the support will be an opportunity to accumulate it at a cheaper price ,0.008 still is strong support as well. lets see can bulls break 0.0139 this time
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