SINOVATE price

SIN

SINOVATE network runs with the latest Bitcoin core 0.22 to exploit Layer-2 protocols such as smart contracts or state channels for micropayments based on the Lightning Network or decentralized applications.

In addition, SINOVATE integrates the following unique features:

• Hybrid custom Proof-of-Work (PoW) algorithm X25X and fourth-generation Proof-of-Stake (PoS) consensus.

• InfinityNodes network for enabling a novel data storage platform. This is only possible with the unique 12-month contract commitment and LockReward algorithm for fairly distributed reward systems among tiers of InfinityNodes. Rewards come from contributing to the Proof-of-Services (PoSe) layer composed of instant and data storage payments.

• Proof-of-Burn (PoB) mechanism applied on the Infinity Nodes collateral, data storage fees, and transaction fees. The inflation paradigm solved by SINOVATE will ensure an easy network capacity increase and a novel cryptonomic model with market-dependent self-regulated circulating supply.

• NEPHELE: Incorruptible Data Storage (IDS), a revolutionary approach for a dCloud environment backed by Infinity Nodes with robust, secure, and unique protocols such as blockchain-based File Transfer Protocol (bFTP). IDS roadmap considers multiple steps with its step-1, B’Mail, SINCORD Messenger.

• InfiniteChain, a Layer-2 that interconnects blockchain solutions of the SINOVATE ecosystem thanks to the sidechain technology. This makes SINOVATE the first dCloud multi-chain ecosystem.

• 4000+ transactions per second scalability with complete SegWit address dealings.