What is sia helium?

Sia is a blockchain-based cloud storage platform that enables users to store data in a secure and decentralized manner. It uses Helium to incentivize storage providers to allocate storage space on their hard drives.

Helium is the native cryptocurrency of Sia that is used to pay for the storage space. Whenever a user uploads data to Sia's platform, they pay in Helium. Storage providers earn Helium by providing storage space to the network. The payments are made automatically by a smart contract that ensures fair compensation for both parties.

Helium is a proof-of-work cryptocurrency that uses a custom hashing algorithm called Blake2b. The total supply of Helium is capped at 10 billion coins, and it is currently trading on several cryptocurrency exchanges.

Sia's platform is designed to be highly secure and resistant to censorship. The data is encrypted and broken into smaller segments that are distributed across multiple nodes on the network. This ensures that even if one or several nodes fail, the data remains intact and accessible.

Overall, Sia's use of Helium as an incentivization mechanism has helped it to create a secure and reliable cloud storage platform that is decentralized, affordable, and highly resistant to censorship and surveillance.