Research Summary
The report discusses the Q2 2023 developments of Sia, a decentralized cloud storage network. The Sia Foundation has been focusing on improving user experience and has launched several applications. The renterd interface, currently in beta, allows less technical users to access decentralized storage and spurs economic activity on Sia. The hostd application, in beta, offers a user-friendly interface for managing storage resources and revenue. The walletd application, in alpha, enables users to interact with Sia assets like SC and SF tokens on both hot and cold wallets. The Foundation is also working on Utreexo, a scalability solution for UTXO blockchains, and explored, a replacement for the current Sia explorer, siad.
Actionable Insights
- Monitor the development of renterd: The renterd interface is an important tool for the Sia ecosystem that enables less-technical users to access decentralized storage and spurs economic activity on Sia. The Sia Foundation is targeting a full release for renterd in September 2023.
- Keep an eye on the progress of hostd: The hostd module offers a user-friendly interface, an API for managing storage resources and revenue, and an embedded web UI that enables providers to remotely manage storage operations. The Sia Foundation is targeting a full release for hostd in September 2023.
- Watch out for the release of walletd: The walletd application allows users to interact with Sia assets like SC and SF tokens on both hot and cold wallets. It also supports multi-signatures and hardware wallet integrations. The Sia Foundation is targeting a full release for walletd in September 2023.
- Follow the implementation of Utreexo: Utreexo is a scalability solution for UTXO blockchains, originally designed for the Bitcoin network. By adapting Utreexo to the Sia blockchain, the Sia Foundation aims to increase performance, scalability, and functionality.
- Track the development of explored: Explored will offer users a blockchain explorer web interface and will also offer developers a library that can be indexed and used to query third-party explorers and lite clients.
