Crypto exchange Kraken adds support for Siacoin (SC) trading

Kraken, a global bitcoin and cryptocurrency exchange company, today announced that native asset Siacoin (SC) of cloud-computing and storage platform Sia, will be listed on Kraken starting October 9th. The Sia network leverages underutilized hard drive capacity around the globe to create a decentralized data storage marketplace that is more resilient, private and affordable than traditional cloud storage solutions.

Sia runs on its own blockchain, powered by the Siacoin (SC) token, used to buy and sell data storage on the network. Sia matches users who need data storage with hosts that have unused hard drive space Files are encrypted, divided into fragments and distributed across the network of hosts.

Timeline of Siacoin