New US Dollar(USD) market for Siacoin(SC) on Bittrex prior to Hard Fork

One of the major crypto currency exchange Bittrex has announced to launch a new USD market for Siacoin on Oct 29. The new Siacoin/USD pair will allow the clients to directly trade USD against Siacoin.

Bittrex is the most popular crypto exchanges for trading altcoins in the USA and other countries and introducing a USD market for Siacoin will provide more liquidity and volume to Siacoin.

Sia is one of the leading decentralized cloud storage platforms. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers. 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.

The next big upcoming event is the hard fork of Sia blockchain on Oct31. Sia team continue its efforts to upgrade the code base for the upcoming hard fork. The team has just released the version Sia v1.3.7 and the list of exchanges and coin converters those who are supporting the hard fork. https://support.sia.tech/article/kwadovujkr-sia-fork-oct-31-2018


After the hard fork, only miners using Obelisk miner which is developed by the Sia team will be able to mine on the blockchain. It could be a new start for Sia project after ending a year long controversy over mining and launching of new markets will definitely add growth to the project.

 

 

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