Coin Information
Blockchain: SICash
Ticker: SIC
Type: Cryptocurrency
Company: SICash
Block time (sec): 60
Proof type: Proof of Stake (PoS)
Market Cap
Supply
Circ.: 6 835 950 750(100%)
Total: 6 835 950 750
Max: 42 000 000 000
“SICash is a decentralised blockchain project built on Bitcoin’s UTXO model, with support for Ethereum Virtual Machine based smart contracts, and secured by a proof of stake consensus model. It achieves this through the revolutionary Account Abstraction Layer which allows the EVM to communicate with SICash’s Bitcoin-like UTXO blockchain.
We use a PoS (Proof of Stake) consensus mechanism, which is different from Bitcoin’s PoW (Proof of Work). The mining process in PoS system is called staking. The block producer will get 97% or 8002.5 SIC, as well as the transaction fees and gases as block reward. So the real reward is usually more than 8002.5 SIC in total.
Clearly, blockchain offers tremendous potential to reshape privacy and security and, ideally transform the global economy. The vision articulated and the solutions described in this whitepaper represent the first steps toward demolishing barriers, driving global blockchain adoption into everyday use.”
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