Making The World Work Fair and Extended _
Silicoin combines the best of Chia and future blockchain thinks into an attractive feature set.
Silicoin innovatively developed the PoB consensus mechanism for a fair network that balances PoS and PoW.
Silicoin is building a new blockchain world for next generation internet with joint effort by community groups from all over the world.
Start staking, Boost farming
The staking system of Silicoin makes SIT tokens integrate into its table fully, long-term and safe ecosystem and form a complete economic circle. This is definitely far more attractive to miners than similar projects. It is enough to make Silicoin outstanding from many mining coins and become one of the best projects with the best community and ecosystem.
This is An Epochal Mining System
Bitcoin-like blockchains use a Proof-of-work (PoW) mechanism, where security holds if the majority of the computing power is under the control of honest users. However, this assumption has been seriously challenged recently, and Bitcoin-like systems fail if this assumption is violated. Silicoin proposes a new blockchain structure that combines PoW and Proof-of-Stake (PoS) mechanisms in this work.
Mining Service with POB Consensus Mechanism
The silicoin team combined the advantages of POW and POS and proposed a new POB (Proof of Balance) consensus mechanism. In this way, the advantages of resource-based and token-based consensus mechanisms are combined to ensure that the attacker must have dual advantages in resources and funds from the security of the consensus.
Anonymity and Secret Protection
Anonymity and secret protection have always been regarded as one of the most valuable features in the cryptocurrency community. silicoin adopts ZK-STARK with stronger scalability and security to ensure the anonymity and security of the silicoin network.
Inovative Nodes in Network
Nodes of Silicoin network participate in consensus, store copies of data and more services, participate in providing some specified services in the chain, for which they receive a reward. Therefore, we named it application nodes. The tasks of these nodes are different in each phase.
NFT and silicoin Ecology
NFT and blockchain technology are consistent in many aspects. In terms of NFT, silicoin creatively proposed the concept of NFT development module, which aims to lower the threshold for users to generate and use NFT. Silicoin will establish an ecosystem with mining and NFT as the main content and continue to absorb more hot contents to enrich and grow silicoin's ecology.
Unprecedented Significance. Impeccable Reliability.
An fair, open, green Blockchain.
In the current environment of Web3, the blockchain world urgently needs a more environmentally friendly, intelligent and fair decentralized network ecosystem, and silicoin came into being. silicoin was born in the community in 2021. After thoroughly studying the Chia code, silicoin’s technical team came to a conclusion: Chia is very suitable to transform into POW+POS. However, due to the flaws in Chia itself (no staking, threshold is too low, etc.), silicoin decided to carry out secondary development on Chia to achieve the combination of POW and POS consensus mechanisms. That’s right, this is Silicoin.
SIT is Silicoin Network token. Given Silicoin's decentralization and community, most of the total amount of SIT will be generated by continuous mining activities and distributed to community participants who maintain the operation of the system.
Every 10 mins bolocks production
SIT production will be halved every
Are You Ready to Enter Silicon-based Civilization?
Under the collision of geek and punk thinking, several unknown programmers and miners came up with an arrogant idea - Silicoin Network, which overthrew and rebuild the whole world of hardware mining. However, in a brutal system with internal connections like the blockchain, a small initial energy may cause a series of chain reactions, just like a domino effect.
Chia Network - Testnet 1 &1.5
The Chia net is the first phase of testing, which is based on a fork of the Chia project. Mining in this phase no need to stake tSIT.
Tulip Network - Mainnet
Now, we are here.
After all the test function is stable, the project enters the Tulip stage, and the Silicoin mainnet will be officially launched. In this phase, all test tokens in the testnet are mapped to the mainnet.
The application nodes start their task in this phase. All the application nodes carried out the mission that provides SIT mixing service and get rewards.
The mining system is not going to make any adjustment during this test phase but the application nodes would have to be upgraded then it can support the smart contract running on the rose network.
Rainbow Network - Mainnet 2.0
At that time, Silicoin starts creation mining, and gradually launches a series of DeFi expansion functions such as SIT financial payment, NFT casting, SilicoinSwap, etc., to create a complete Silicoin financial win-win ecosystem.