Gate News Bot message, January 7th, according to CoinMarketCap data, as of press time, SC (Siacoin) is trading at $0.001824, up 8.14% in the past 24 hours, with a current market cap of approximately $102 million. Sia is the world's most secure decentralized cloud storage network. The network uses a decentralized architecture, with no centralized access points, gatekeepers, or expensive hardware requirements. Sia divides each file into encrypted small segments, which are mixed and distributed across the decentralized network, ensuring storage while preventing user data from being viewable. Through multiple layers of security mechanisms and asymmetric knowledge, malicious actors are almost impossible or extremely rare. The project operates on a non-profit model, maintained by community donations as an open-source project, and is not profit-driven, dedicated to serving the public interest. Currently, 32 projects are built on the Sia ecosystem, and $3.2 million has been allocated for grant funding in 2026.