ScPrime is a fork of the Sia project, representing a new form of cloud storage business. Individuals and smaller private data centers scattered around the world replace large regional data centers. By mixing different types and locations of storage (decentralized), it creates a massive decentralized cloud storage platform. When using this “platform,” data is split into multiple parts, encrypted, and distributed to numerous hosts, providing extremely high durability, higher download performance, and lower costs. ScPrime competes with traditional platforms like Amazon S3, Google, and Microsoft Azure for small to medium-sized business (SMB) storage models.
The ScPrime Coin (SCP) is the cryptocurrency of the ScPrime platform, used for renting and hosting storage applications on the ScPrime cloud storage network.