Siacoin is a utility token of the cloud storage platform called the Sia network. Sia is open-source and blockchain-based. The operations take place on Sia's own blockchain. The coin is used to pay for storage rent transactions. The coin is Proof-of-Work-based meaning that Siacoin can be mined. Another use for the coin is trading. |
| Launched |
|---|
2015 |
Website: |
| Asset type |
Coin |
| Blockchain list |
| Code repositories |
⭐ 2🍴 2👥 3 |
| Price usd |
0.000816 |
| Subreddits |
Subscribers: 49,168Community age: May 11, 2014 |
| X accounts |
Followers: 18,421Account age: Sep 11, 2020 |
Nectar was originally launched in 2017 by the Bitfinex spin-off exchange, Ethfinex — a team based out of London, UK — with the purpose of rewarding market makers for the value they create whilst simultaneously serving as the primary voting mechanism, allowing traders to govern the exchange and decide, among other things, which tokens they wish to see listed next. The project was designed to experiment with and develop novel governance processes with the aim of solving pain points seen with centralized exchanges including opaque and costly token listing procedures. |
| Launched |
|---|
2017 |
Website: |
| Asset type |
Token |
| Blockchain list |
| Code repositories |
⭐ 1🍴 1👥 0 |
| Price usd |
Siacoin is a utility token of the cloud storage platform called the Sia network. Sia is open-source and blockchain-based. The operations take place on Sia's own blockchain. The coin is used to pay for storage rent transactions. The coin is Proof-of-Work-based meaning that Siacoin can be mined. Another use for the coin is trading. | Nectar was originally launched in 2017 by the Bitfinex spin-off exchange, Ethfinex — a team based out of London, UK — with the purpose of rewarding market makers for the value they create whilst simultaneously serving as the primary voting mechanism, allowing traders to govern the exchange and decide, among other things, which tokens they wish to see listed next. The project was designed to experiment with and develop novel governance processes with the aim of solving pain points seen with centralized exchanges including opaque and costly token listing procedures. |
| Launched | |
|---|---|
2015 | 2017 |
Website: | Website: |
| Asset type | |
Coin | Token |
| Blockchain list | |
| Code repositories | |
⭐ 2🍴 2👥 3 | ⭐ 1🍴 1👥 0 |
| Price usd | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn a scenario where you choose to include one coin in your portfolio but are uncertain, take a closer look at these two. This article is dedicated to the Siacoin (SC) vs Nectar (NEC) comparison for investing purposes, highlighting the most important aspects of this discussion.
First things first: the market capitalization. It's always better to invest in a well-established coin than a relatively new project. A large market cap means low volatility, whereas a small market cap means the coin will be extremely volatile and risky to trade – but can also bring huge rewards.
See if the coin has reasonable market cap and valuation for now – sometimes people speculate with coins which don't deserve a single dollar spent on them.
Proof-of-Work, Proof-of-Stake, or any other algorithm. Every protocol uses a specific algorithm for consensus – and therefore it brings some particular traits and advantages. Compare both coins by the consensus mechanism to find similarities and differences. Does it fit your preferences?
Every blockchain has a particular transaction throughput (TPS) level. The higher the transaction speed, the better – but do not consider this to be a primary factor in choosing a blockchain. Layer-2 solutions are also essential for scalability.
Supply and emission schedule play a crucial role in determining the price of any coin on the market. See how many coins will ever exist and how many are already in circulation. How are new coins emitted? Will there be any further halvings or supply increases?
Finally, it all comes down to real adoption. What real-world problems does the coin help solve? How active is the community around it? Does it have real use cases and on-chain activity statistics?
Neither of these coins is a better option in every possible situation – they serve different users. Determine which of them matches your preferences and needs the most, and make your decision accordingly.
0.074007 |
| Subreddits |
|---|
Ethfinex Subscribers: 2,368Community age: Jun 7, 2017 |
| X accounts |
|---|
0.074007 |
| Subreddits | |
|---|---|
Siacoin Subscribers: 49,168Community age: May 11, 2014 | Ethfinex Subscribers: 2,368Community age: Jun 7, 2017 |
| X accounts | |
|---|---|
Sia foundation Followers: 18,421Account age: Sep 11, 2020 | |
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