SC is the cryptocurrency of the Siacoin project, which focuses on providing decentralized cloud file storage solutions.
The goal of Siacoin is to enable users to store data in a secure and encrypted manner using blockchain technology, while reducing costs compared to traditional cloud services such as Google Drive and Dropbox.
Siacoin allows users to rent storage space from others across the network, instead of relying on traditional storage service providers.
SC is used as a means of payment for storage and rental services within the Sia platform.
All data stored on the network is fully encrypted, which preserves privacy and ensures security.
Sia uses smart contracts to ensure service provision and payment upon completion of conditions.
