Business
First Bitcoin Capital Corp. Enters Decentralized Data Storage Markets Through Siaberry, Inc.
First Bitcoin Capital Corp. Enters Decentralized Data Storage Markets Through Siaberry, Inc..
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"TEL AVIV, ISRAEL / ACCESSWIRE / February 23 2018 / First Bitcoin Capital Corp (OTC PINK: BITCF), a prolific generator of more than 100 unique cryptocurrencies and developer of Blockchain supply chain management platforms, has entered the decentralized data storage markets in partnership with \"Bitcoin Hero\" Sebuh Honarchian.Data Cloud Storage Market is projected to witness a compound annual growth rate of 29.73% to reach a total market size of US$92.488 billion by 2022, from US$25.171 billion in 2017.According to https://finance.yahoo.com/news/92-48-billion-cloud-storage-154400202.html:Siaberry, Inc. CEO Sebuh Honarchian developed an operating system known as \"Siaberry OS\" that taps into the Sia decentralized storage platform in order to mine POS token (Proof-of-Storage) for the purpose of providing decentralized blockchain storage at a substantial discount from traditional cloud storage sources which currently earns and utilizes Siacoins as collateral.Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.Sia encrypts and distributes customer files across a decentralized network. Customers control their private encryption keys and customers own their data. No outside company or third party can access or control customer files, unlike traditional cloud storage providers.On average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $2 per month, compared with $23 on Amazon S3.Sia distributes and stores redundant file segments on nodes across the globe, eliminating any single point of failure and ensuring uptime that rivals traditional cloud storage providers.Sia's software is completely open source, with contributions from leading software engineers and a thriving community of developers building innovative applications on the Sia API.Using the Sia blockchain, Sia creates a decentralized storage marketplace in which hosts compete for customer business, which leads to the lowest possible prices. Storage space renters pay using Siacoin, which can also be mined and traded on cryptocurrency exchanges.First Bitcoin Capital's CEO, ...