Shrine Cloud Storage Network price is $0.05004200
As of the latest available data, the price of Shrine Cloud Storage Network (SCDS) is $ 0.05004200. In the past 24 hours, the value of SCDS has increased, showing a +0.00% change in the market. It's important to note that cryptocurrency prices are highly volatile and can change rapidly within minutes.
Shrine Cloud Storage Network (SCDS) is a decentralized storage solution designed to provide secure and scalable cloud storage services. It aims to disrupt the traditional cloud storage market by offering a platform where users can rent out their unused storage space or purchase storage from others on the network.
The Shrine Cloud Storage Network operates by allowing users to connect their storage resources to the network and become a part of a larger decentralized cloud. Participants who provide storage space can earn SCDS tokens as compensation, while those who need storage can pay with SCDS tokens to use the network’s services. Data is encrypted and split into multiple chunks, which are then distributed across the network to ensure security and redundancy.
The uniqueness of the SCDS network lies in its decentralized nature. Unlike traditional cloud storage services that are centralized and controlled by a single entity, SCDS enables a peer-to-peer storage ecosystem, potentially reducing the risk of data breaches and outages, while also aiming to be more cost-effective.
SCDS is built with security at its core. The encryption process ensures that data is readable only by the owner, and the decentralization of data storage further secures this data against attacks that typically target centralized databases. Moreover, the integrity of the network is maintained through blockchain technology, which helps in tracking and verifying storage transactions.
The circulating supply of Shrine Cloud Storage Network (SCDS) as of now is . The total supply, the maximum number of tokens that will ever exist for SCDS, is capped at 400.0M. The current market cap rank for SCDS is #1 with a market capitalization of $ .
The performance of SCDS can be gauged by its current trading volume, which stands at in the past 24 hours. This volume reflects the amount of SCDS that has been traded across all participating exchanges within this timeframe.
If you're looking to buy Shrine Cloud Storage Network (SCDS), you can find it on several exchanges listed as DigiFinex, Idax. Always ensure to use reputable platforms and take necessary security precautions when trading or investing in cryptocurrencies.
To keep your SCDS tokens secure, it’s crucial to use a reliable cryptocurrency wallet that supports the token. Store your private keys in a safe location and consider using hardware wallets for added security if you're dealing with a substantial amount of SCDS. As with any cryptocurrency, be cautious with sharing personal information and ensure the safety of your digital assets by implementing proper security measures.
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