Sia is a cloud storage platform that uses blockchain technology. It uses blockchain technology to create an affordable and robust data storage market.
Sia encrypts files and distributes them throughout the network. Only the file owner has access to the encryption keys and data. Every file is protected, unlike if it is stored on traditional storage platforms where you can rely on the service provider for file security.
You can also count on affordability, along with top security. You would need to store 1TB of data on Sia Blockchain for around 1-2 USD. The service is paid using Siacoin. You can purchase the coin on most instant crypto exchange platforms like LetsExchange, or you can mine it.
Siacoin: Where can I store it?
Siacoin does not have the same ERC-20 token. The number of wallets in which you can store SC are limited. We have compiled a list of the top wallets that can store your SC securely and conveniently.
It is compatible with Windows, MacOS and Linux.
Sia.UI lets you store your coins and rent or sell storage space on the network. You can access your balance and transaction history through the wallet. Additionally, you can send coins to other Sia users.
You will need to download the whole blockchain in order to use it.
Ledger Nano S Wallet
The Ledger Nano S hardware wallet is the best on the market. It supports Siacoin and many other cryptocurrencies.
It’s a cold wallet. It is not connected with the internet, which means your private keys are safe from hackers.
You will need to connect your wallet to your computer in order to perform a swap.
Although the Ledger Nano S may seem complicated to beginners, it is easy to learn how to use.
Sia Android Wallet
Although the wallet is named Sia Android wallet it was not developed by the Siacoin group. It was instead created by a third-party. It is the only mobile app that allows Sia to be stored. This is why Sia users love it.
Sia Android wallet can be used as a full-node application. This means you will need to download the whole blockchain in order to make the wallet function. The wallet has a limited storage space. It is not possible to rent storage space like it is with most other wallets. All keys and private data are encrypted, the wallet is distributed decentralized.
Sia Cold Storage (A Wallet Generator).
Sia cold storage is not a common wallet. It’s a wallet generator. It can be used to generate addresses and seeds for Sia wallets. The utility is available without the need to download it.
Sia Cold Storage can be used offline. It uses an “air gapping process”. Hackers cannot use it to steal your money.
You can download the application from GitHub for free. It allows users to send and receive coins, participate and share their wallet addresses safely. To restore the seed code, it can be integrated into Sia.UI wallet.
Seacoin recommends that you use a clean computer in your office to download Sia Cold Storage. To ensure the highest safety of your coins, make sure that it is free from viruses and malware.
Sia Central Lite Wallet
Sia Central Lite allows you to synchronize with full node wallets. It also allows you to safely store your coins. You can create three types of wallets: Watch-only wallets (29-word seed wallets), Watch-only wallets (Ledger Nano S wallets) and Ledger Nano S wallets (Ledger Nano S).