Best Siacoin Wallets: Top 4 Places to Store SIA Beginners Guide
In order for a cloud-storage provider to join the network, a certain amount of Siacoin must be locked into a contract. These contracts are cryptographically enforced in the blockchain, simplifying the process for users and providing collateral to ensure both parties will be satisfied with the arrangement. Users pay in Siacoin for this storage, and providers are paid in Siacoin for their troubles. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network.The Sia network, powered by Siacoin (SC 7.32%), is a unique offering in this oligopolistic space.Learn about...
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