Siacoin Technical Analysis: June 2017

Sia, a platform for decentralized storage. Sia enables the formation of storage contracts between peers. Contracts are agreements between a storage provider and their client, defining what data will be stored and at what price. They require the storage provider to prove, at regular intervals, that they are still storing their client’s data. Contracts are stored in a blockchain, making them publicly auditable. Sia uses a cryptocurrency, Siacoin, to enable decentralized payments via file contracts. All payments on the network happen in Siacoin, which is a critical component of our cryptographic SLAs. Siacoin allows us to do things that would not be possible with Bitcoin or traditional online payments. 


This post is updated with my latest technical analysis discussed in tradingview.com. Kindly note that all charts are for study purpose and I hold no responsibility for your trade.  

Found informative?..Kindly share and support this post.