Summary
On January 8th, Siacoin (SC) was launched on HotsCoin. As a decentralized cloud data storage platform, Sia connects users who need file storage through smart contracts and provides hosts around the world that do not fully utilize hard disk capacity, providing users with more reliable and more efficient services. Affordable cloud storage service. The latest renterd upgrade brings horizontal scalability, no downtime, user interface improvements, a new set of metrics, S3 compatibility, and storage space-saving features to Sia, marking a major milestone in Sia's history. SC is currently open for trading on HotsCoin.
Token information
Circulation: 56,157,391,986.238 SC
Total supply: 56,181,465,000 SC
Circulation market value: $477,150,177.13
Fully diluted market cap: $477,354,717.3
Platform upgrade: renterd
Sia’s renterd upgrade brings a series of significant improvements and innovations to the platform.
1. Horizontal scalability
renterd pushes the limitations of siad's monolithic architecture to the limit, achieving horizontal scalability by dividing it into three modules: bus, worker and autopilot. This design allows these modules to be run independently in the cluster, thereby eliminating the need to copy consensus data between multiple instances and improving scalability.
2. No downtime
Renterd achieves durability without downtime by employing custom data formats and support for different SQL databases. Users can choose from a vast ecosystem of tools to monitor and replicate metadata for databases without downtime, making Sia even more viable in enterprise environments.
3. Completely revamped user interface
The renterd user interface becomes more functional and becomes a website hosted by the bus module. Users have easy access and can also be set up for remote access thanks to built-in authentication. The collection of metrics provides useful historical data including contract spend, contract formation, and wallet balances.
4. Alarm system
renterd introduces a UI-first alerting system that enables users to directly monitor the health of nodes. This not only provides real-time information, but also allows third-party developers to build useful tools such as chatbots through the webhook API to notify users of alerts.
5. S3 compatibility
One of the most anticipated features implemented, renterd is S3 compatible, enabling users to use S3 compatible tools to back up to the Sia network or mount object storage buckets locally. This gives users more choices and improves interoperability with cloud storage APIs.
6. Storage space saving function
renterd introduces built-in upload packaging and contract pruning functions, effectively reducing the waste of storage space. Upload packaging waits for the accumulated data to reach a certain size before uploading, while contract pruning regularly deletes deleted files, helping users use Sia more efficiently and save costs.
future outlook
The renterd upgrade marks Sia's major progress in the field of decentralized storage, providing users with more flexible, scalable and practical services. With planned protocol changes, Sia will continue to raise the bar for decentralized storage. Investors and users can look forward to Sia reaching greater heights in 2024 and hopefully witness more innovations from it in the industry.
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