Sia is a data storage platform that allows users from all over the world to contribute and utilize hard drive storage space to form a decentralized encrypted peer-to-peer network. An individual with Siacoins, the official cryptocurrency used in the Sia network, can rent storage space from the network; hosts on the network are compensated for contributing storage space. The data on the network is automatically encrypted and tracked using blockchain technology to ensure the overall integrity of the network.
Sia is attempting to disrupt the Cloud Storage monopolies of companies like Apple, Google, Microsoft and Dropbox.
Recently Sia came out of Beta and released their 1.0 Version. This short procedure is for those users having challenges recovering their old Sia wallets.
To recover your Sia wallet:
- Ensure you have created a new wallet before attempting to load an old seed.
- Click >_ Terminal.
- In the terminal type: wallet load seed
The Sia UI will ask you for both wallet passphrases. - Enter the passphrase for the New Sia Version 1.0 wallet.
The Sia UI will then ask you for the seed you wish to load into the new wallet. - Enter the seed passphrase for the old wallet you wish to recover.
The Sia UI will display the following confirmation message:
IMPORTANT: You will not see any Siacoin in your account until the blockchain is completely updated.
For additional information on Sia please visit: https://sia.tech
Please note that I am not affiliated with the developers of this product and do not endorse this product.
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