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Within the second quarter of 2023, the Sia community, a decentralized cloud storage platform, noticed a 12% quarter-over-quarter (QoQ) improve in used storage, elevating the storage utilization fee from 19% to 25%, in accordance with a report by Messari. This progress occurred regardless of a 3% QoQ lower within the addition of storage contracts, largely because of points with third-party interfaces.
The Sia Basis, the group behind the Sia community, accredited seven grants totaling $260,000 in Q2 2023. The most important grant, price $94,000, was awarded to S5 Community and Apps for the event of a content-addressed storage community. The smallest grant, amounting to $5,000, went to SiaShare for the creation of a light-weight internet service for encrypting, storing, and sharing information utilizing the renterd interface.
Sia additionally made vital strides in its growth roadmap. The beta model of its “hostd” utility was revealed on GitHub. This utility offers a user-friendly interface for storage suppliers, an API for managing storage sources and income, and an embedded internet UI that allows suppliers to remotely handle storage operations. In a check comparability, hostd outperformed siad, the earlier internet hosting module, with 1.4x sooner obtain speeds and 20x sooner add speeds.
The alpha model of Sia’s “walletd” utility was additionally revealed on GitHub. This utility allows customers to work together with Sia property like SC and SF tokens on each cold and warm wallets. It additionally helps multi-signatures and {hardware} pockets integrations.
Regardless of the challenges confronted in Q2 2023, together with the shutdown of Skynet Labs and the short-term halt of storage uploads to Sia by Filebase, the Sia community demonstrated resilience and continued progress. The rise in storage utilization and the continued growth of user-friendly purposes point out a optimistic outlook for the community.
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