Is Siacoin crypto a good investment?

By about July of 2020 when Sia hits the 270,000 block height, there will be about 44.55 billion (((300,000+30,000)/2)x270,000=44.55 billion) Siacoins available in the market. From there, there will be about 1.57 billion (30,000x144x365=1.5678 billion) Siacoins created from the mining every year, forever.

Siacoin is a popular Altcoin and one of the most prominent cryptocurrencies existing in the market currently. An altcoin is basically a type of decentralised cloud storage platform that has been secured by blockchain technology. It runs on its own network called Sia which is the source of its title, Siacoin.

Siacoin (SC) is the native cryptocurrency for the Sia blockchain platform . Siacoin serves as a way for customers to pay hosts for renting storage space. The Sia project is meant to create a distributed, decentralized network for cloud data storage.

Initially, Nebulous owned all 10,000 Siafunds, but the company has since held several token sales to help fund the network’s development. As of 2020, Nebulous retains ownership of about 8,750 Siafunds, with the rest held by Sia users .

Some cryptocurrencies are harder to obtain than others. Siacoin is one of them. It’s not available on the Coinbase app or Coinbase Wallet .