In my opinion Sia is a project with a lot of potential, an open source project with a growing community. The aim is to provide storage as a service in a decentralised manner.
With the recent price spike, the interest seems to be growing enough to attract the attention of Bitmain one of the worlds largest cryptocurrency mining manufacturers who just started selling the A3 miners designed for Blake(2b) algorithm which is used by Sia.
The new asics will exponentially increase the size of the network which will provide high security. Sia aims to compete with the services offered by Amazon and other cloud storage providers.
No more leaked nudes because the Apple cloud got hacked.
Don't worry about NSA going through your vacation pictures in Columbia.
Completely private
Sia splits apart, encrypts, and distributes your files across a decentralized network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers.
Far more affordable
Sia's decentralized cloud is on average 10x less expensive than current cloud storage providers. Storing 1TB on Sia costs about $2 per month, compared with $23 on Amazon S3. Calculate your savings below!
Highly redundant
Sia stores tiny pieces of your files on dozens of nodes across the globe. This eliminates any single point of failure and ensures highest possible uptime, on par with other cloud storage providers.
Open source
Sia is completely open source. Over a dozen individuals have contributed to Sia's software, and there is an active community building innovative applications on top of the Sia API.
Marketplace on blockchain
Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for your business – this leads to the lowest possible prices. Renters pay using Siacoin, which can also be mined and traded.
