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Sia is a Cloud storage platform. It is a decentralised, block chain based Cloud storage platform. Sia uses block chains to make the payments. Sia is the Cloud storage platform where the user can rent Cloud storage facility. The persons can also rent out their unused hard drive and may also get paid for hosting files. Sia is the platform from where the miner can mine Siacoin and contribute to the Sia project.
Sia is a popular decentralized peer-to-peer network that is dedicated to buying and selling of computer storage space. The Siacoin is essentially the currency which users pay for transactions inside the Sia network. So, miners will be paid in Siacoin for their contributions. Sia uses the blockchain technology for enabling distributed networks to arrive at a consensus in a trustless and secure way. The smart contracts are cryptographically secured and there is no chance of interference by third parties.
