SINOVATE (SIN)

SIN: A Peer-to-Peer Digital Currency and Ecosystem

SIN describes itself as a Peer-to-Peer (P2P) digital currency and ecosystem that aims to create unique and modern blockchain products, services, and solutions. It is the successor of the SUQA coin and combines the custom X25X algorithm alongside Komodo’s Delayed Proof of Work (dPoW). dPoW provides an additional layer of security for the SINOVATE blockchain against 51% attacks by leveraging the Bitcoin network’s hash rate through a notarization process. Key features include:

• Infinity Nodes: Enable instantaneous sending of SIN coins through FlashSend. Users also have the option to send SINOVATE coins anonymously via a feature called ShadowSend.
• Revolving Sovereignty Votes (RSV): Aims to offer a highly decentralized e-governance voting system. To vote, participants must continuously set up new nodes as their maturity date is reached. Additionally, IDS will be implemented to allow users to send encrypted data anonymously.
• Inflation Control: Infinity Nodes and the coins allocated to them are removed from the circulating supply to manage inflation while supporting, validating, and securing the network. Incentive rates depend on the number of coins locked in an Infinity Node. Each Infinity Node has a theoretical lifespan of 12 months, after which it is removed from the node count. This mechanism helps create more nodes for the SIN blockchain while reducing the circulating supply.