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Author: Admin | 2025-04-28
It is actually a platform that allows anyone and everyone to monetize by renting out their hard drive space.SIA didn’t start with an ICO or pre-mining, unlike many other coins or crypto projects. The team has raised $1.25M in total funding from prominent investors like Fenbushi Capital, Raptor Group, Procyon Ventures, and angel investors like Xiaolai Li.The integrity of your data is protected through the use of cryptography and redundancy, and the encryption is ensured by smart contract cryptography. It’s also important to note that the data transfer involves no interference by any third party.All the transactions occur in Siacoin, which is a special-purpose currency for the Sia network which executes file storage contracts on the Sia blockchain. SIA appears to be the most affordable and beneficial cloud storage crypto coin so far and its current market cap value stands at $244,244,435.Storj Storj, pronounced “Storage”, offers decentralized, end-to-end encrypted cloud storage and its main goal is to solve problems relating to data security issues and is working hard to do that.Storj is a cloud storage platform that cannot be monitored, cannot be censored, and will not have any downtime. Storj offers several advantages over more traditional cloud storage solutions; the users’ files are encrypted, shredded into little pieces, and stored on a decentralized network of computers globally, so there is almost no conceivable way for unauthorized third parties to access that data. This allows Storj to be a faster, cheaper, and more reliable network. The company claims this system is
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