ScPrime SCP
1. Summary
- Price
-
$0.13 -13.1%
- Market Cap
- $7.19M (#1416)
- Supply
- 54.78M / 55.00M
- Description
-
Overview
Overview
ScPrime is an enterprise-grade object storage cloud architecture based on a sharing economy model for large, unstructured data. It targets mid-market or small/medium enterprises with a focus on backup and disaster recovery, with potential expansions to include surveillance footage, IoT, medical scanner images, and more.
Technology
ScPrime is built on a layer 1 blockchain using Proof of Work (PoW) ASIC mining and state channel smart contracts. It leverages the original Sia renter-host protocol, employing 256-bit encryption and erasure codes for durability and security. The platform allows anyone to participate as a storage node and earn utility coins known as SCP.
Decentralized Storage
ScPrime provides decentralized storage through a Renter/Host analogy and storage proofs. State channel contracts are formed between parties that identify hard drive sectors on computers around the world, enabling uploading and downloading. Storage Providers are rewarded after a specified period with SCP coins, which are publicly tradeable on crypto exchanges.
Xa Net Services
Businesses use the network through a public service called Xa Net Services (XNS) or XaMiner. Customers do not purchase or interface with cryptocurrency directly. Instead, it operates like any traditional cloud storage company with fiat payment, customer service, and support. Under the hood, the development corporation for ScPrime manages the business and develops software to handle dollar-to-crypto conversions for contracting.
Tokenomics
SCP is a cryptocurrency used in the ScPrime platform for renting and hosting storage. Coins are rewarded on a declining inflation schedule that becomes nearly flat after several years of emission. The token is publicly tradeable on crypto exchanges.
Security and Performance
ScPrime offers high security with a layer 1 blockchain and 256-bit encryption, ensuring immutable, hacker-resistant, and geo-redundant storage. Additionally, the platform is designed to achieve performance and security unmatched in traditional cloud products.
Roadmap
The project roadmap includes ongoing development and improvement of components such as the Relayer, Xa-Miner, and integration with cloud protocols like AWS S3. This ensures cost-effective and secure public cloud storage solutions for businesses globally.
Price | |
52W High price | $0.20 |
52W High date | 6th Apr 2024 (5 months ago) |
All Time High (ATH) Date | 9th Jan 2022 (2 years ago) |
ATH Price | $3.47 |
% From ATH | -95.32% |
All Time Low (ATL) Date | 30th Sep 2019 (4 years ago) |
ATL Price | $0.000005420000 |
% From ATL | 2995864.02% |
Supply & Trading Volume | |
Trading Volume (24h) | $34,065.00 |
Total Supply | 55.00M |
Circulating Supply | 54.78M |
SCP
How does ScPrime's (SCP) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-0.7%
SCP
-10.9%
Similar Market Cap
60 Day Return
-7.3%
SCP
-24.3%
Similar Market Cap
1 Year Return
2.7%
SCP
95.2%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | 1,903 |
---|---|
Active Reddit Users (past 24h) | 10 |
Discord users | |
Active Discord Users | |
Telegram Users | 1,319 |
Twitter followers | 5,995 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://scpri.me/ |
---|---|
Explorer | https://scprime.info |
@ScPrimeCloud | |
/r/ScPrime | |
Whitepaper | https://scpri.me/software-specification/#tab-id-2 |
Has ScPrime been audited for security?
No security audits found for this project.
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