Siacoin SC to BitGreen BITG Exchange

Crypto Pair Details: SC to BITG

Siacoin SC

Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers. The only difference is Sia uses blockchain to facilitate transactions Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts. Siacoin is created by David Vorick and Luke Champine of Nebulous Inc. As the traditional storage platforms are higher in cost, more expensive and data is not well protected. Siacoin promises to offer secured storage transactions with smart contracts which is more affordable and reliable. Moreover, it is completely open source which means many individuals have contributed to Siacoin’s software hence there will be an active community building innovative applications on top if the Sia API. In 2018, Siacoin aims to introduce file sharing and be the go-to cloud storage platform for companies. Their goal is divided into 3 time frames which are short-term, medium-term and long-term development. Short-term development focuses on file sharing between Sia users. This allows Sia users to share files in the platform without having to take it off the cloud while increasing network utilization. Medium-term development’s goal is to enhance partnerships. This means reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework. Lastly, long-term development aims to expand its horizon to share files with non-Sia users and support mobile wallets.

BitGreen BITG

First launched in 2017 to provide an energy-efficient alternative to Bitcoin and proof of work consensus, BitGreen utilizes its proprietary protocol and behavioral science to catalyze everyday impactful actions at scale. Funded by the blockchain’s governance protocol, users are able to discover and act on impact opportunities, such as using bikeshare programs or volunteering, and are rewarded with BITG, all through the BitGReen light wallet app. Users can also explore a growing global ecosystem of sustainable vendors, vetted charities, and carbon offset programs all accepting or distributing BITG. All BITG holders are members of the BitGreen community and can nominate new impact actions and causes to be adopted. Incorporated in Wyoming, with an office in New York City and a global community, the BitGreen community is executing on the potential that blockchain has for shaping a healthy, resilient and just world. For more information, visit bitg.org

SOURCE: COINGECKO

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