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Siacoin (SC) is a leading cloud storage platform that does not have sign-ups, servers, or trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is very robust and affordable when compared to the traditional cloud storage providers.

Siaskynet is launching on Tuesday, February 18, 2020. Sia Blog recently wrote in their blog titled The war for free internet, stating how the internet has captured our lives.

Sachy, one of the community members, tweeted that on Tuesday, February 18, 2020, there will be only one breaking news on the internet with an announcement, and that is Siaskynet.

The decentralized storage platform will be able to do 1 Gbps up/down. SiaSkynet and #siacoin are widely discussed as the #hashtag to be closely watched over the next days.

Sydney Ifergan, the Crypto Expert, tweeted: Some of the Siacoin (SC) fans seem to be tweeting GoodBye YouTube, and they state that SiaSkynet will put several projects to bed. Guess it is an exaggeration. Waiting, thought.

Several community members feel that the time for ceremonies is gone and that it is Time for Adoption. Sia facilitates users with the comfort of controlling their private encryption keys and to use their data. Sia encrypts and distributes the files across a decentralized network. Therefore no outside company or the third party will be able to access or control files like in traditional cloud storage providers.

When compared to the rest of the cloud storage providers, the decentralized cloud storage costs 90% less. Since Sia distributes and stores its redundant file segments on the nodes across the globe, it eliminates any single point of failure, thereby ensuring uptime which rivals the traditional cloud storage providers.

The Sia software is an entirely open source. The chief contributors are leading software engineers with a thriving community of developers building innovative applications on the Sia API.

The decentralized market place from Sia makes it possible to get the lowest possible prices among storage providers. Those who rent pay using Siacoin and the token can also be mined and traded. It helps to know a bit of Sia principles and values; the chief of all is its core goal of bringing the same level of decentralization in the data storage process.

While the data belongs to the user, Sia focuses on ensuring that the data cannot be changed by anybody else. The Sia developers have been adamant that no centralization will ever be permitted to the core software.

More:
Siacoin (SC) Siaskynet will be the only Big news on February 18, 2020, GoodBye YouTube - The Cryptocurrency Analytics