Soteria (Soter)

Soteria (Soter) is an innovative Layer 1 blockchain designed to facilitate mass adoption of decentralized applications. It is recognized for its energy-efficient Proof of Work (PoW) mechanism, tailored to be GPU-friendly, making it one of the most efficient networks available. By employing the SoterG algorithm, which utilizes twelve dynamically rotated cryptographic hash functions, Soteria enhances security and resilience against attacks while maintaining high transaction throughput. The blockchain architecture is built on a UTXO model, establishing the groundwork for a secure and scalable ecosystem.

The Soteria Network aims to foster financial freedom and inclusivity through its tokenomics model. It has an initial total supply of 1.5 million Soter, with half of the daily emission of about 1,000 Soter dedicated to long-term locks, ensuring stability within the network. The allocation of mining rewards, designed to optimize for speed and miner engagement, includes a notable 30% of block rewards for miners, with additional provisions for various community involvement initiatives. This structure not only promotes sustainable growth but also incentivizes user participation and governance.

Soteria’s ecosystem is rapidly evolving, featuring diverse offerings from staking opportunities to decentralized finance (DeFi) services. Upcoming developments include a platform for creating tokens, governance mechanisms, and enhanced wallet solutions. The roadmap outlines a commitment to continuous improvement and innovation, with future expansions planned across multiple blockchain platforms. As Soteria progresses, it remains dedicated to building a collaborative environment that empowers users and enhances the overall experience within the blockchain landscape.