September 26, 2018
SIN describes itself as a Peer-to-Peer (P2P) digital currency and ecosystem which aims to create unique and modern Blockchain products, services, and solutions. SIN is the successor of SUQA coin and combines the custom X25X algorithm alongside Komodo’s Delayed Proof of Work (dPoW). dPoW is intended to provide an additional layer to safeguard the SINOVATE Blockchain against 51 % attacks, by leveraging the hash rate of the Bitcoin network via a process known as notarization. Key features include: - Infinity Nodes to allow for the instantaneous sending of SIN coins, which is carried out through FlashSend. Users will have the option to send their SINOVATE coins anonymously, via a feature known as ShadowSend. - Revolving Sovereignty Votes(RSV) aims to offer the most decentralized E-Governance voting system. Those who want to vote must keep having new nodes whenever their maturity date is reached. IDS, which will allow users to send encrypted data anonymously, will eventually be implemented. - Infinity Nodes and the coins that are set up for nodes will be removed from the circulating supply to control inflation whilst continuing to support, validate and secure the network. The incentive rate received is dependent on the number of locked in an Infinity Node. All Infinity Nodes will have a theoretical life of 12 months, at which point they will be removed from the node count.