What is SINOVATE?
SINOVATE is a peer-to-peer digital currency which aims to strengthen the path towards mass adoption of cryptocurrency technology through the creation of unique innovations.
SIN builds modern Blockchain products, services and solutions.
It is a project that has already worked for some time, previously known as “SUQA”, recently became “SIN” becoming a more secure cryptocurrency (dPoW).
SIN know that the crypto world is still at an early stage, so it implements a decentralized solution to improve existing technologies and innovate others.
There are quite good features that make SIN one of the best projects of the moment.
About the price SINOVATE (SIN)
We can observe that at the beginning, the SIN suffered a fall in the price (something normal, since this is how most of the crypto market reacted in 2018), but then the price began to grow and at the time of this post it remained stable 7 months and in an uptrend, so we see the seriousness of the project and the interest of more people interested in SINOVATE.
Personally, I think that thanks to its specifications and features, the price in the not too distant future could multiply several times since each time the currency is more known and logically new investors will enter, recently SINOVATE officially joins in Binance Info’s transparency initiative.
- The “V” Label only certifies that the project team itself is updating and maintaining its information on Binance Info.
- New X25X Proof of Work (PoW) algorithm with mechanism (dPoW)
- Three tiers of Infinity Nodes
- Block Time: 2 minutes
- Max Block Size: 16mb
- Max transactions per second: 533 Tx/s
- Difficulty Retarget Algorithm: Dark Gravity Wave V3
- Total Supply: Approx.2.5 billion after 20 years
Block Rewards Distribution
I like how SIN works since always implements improvements and also tries to position itself in more exchange to have a more fluid liquidity.
Infinity Nodes solve the unintended consequences of high inflation and emission all Masternode orientated cryptocurrencies are subjected to.
Infinity Node holders earn a minimum guaranteed 22*% annual ROI(only if limit of 594 million SIN are locked in Infinity Nodes).
All Infinity Nodes have a theoretical shelf life of 12 months, at which point they will be removed from the node count.
- SIN used to create Infinity Nodes are immediately burnt, so are no longer part of the overall coin supply.
X25X combines 25 cryptographic algorithms into one and provides strengthened resistance to the creation of ASIC and FPGA devices. Increased ram usage per nonce is utilized for FPGAs. X25X also ensures decentralisation is maintained at all times.
ShadowSend provides true financial privacy by obscuring the origin of your funds. All stored SIN is comprised of different inputs, which can be treated as separate, discrete coins. ShadowSend uses an innovative process to mix inputs with default 5 mixing pairs, without coins ever leaving your wallet. This ensures control of funds is always retained.
Incorruptible Data Storage(IDS)
Incorruptible Data Storage (IDS) is a revolutionary Private Networking mechanism, designed to allow users to send encrypted files to one another anonymously, with the ultimate goal of achieving unlimited decentralised data transfer and storage. User security is permitted through preservation and resilience from the Bitcoin, Komodo and SINOVATE Blockchains.
Infinity Nodes enable the instantaneous transfer of SIN coins in less than 3 seconds, carried out through FlashSend.
SINOVATE network permits 533 transactions per second (TPS), making it 75 times more scalable than Bitcoin.
FlashSend has one of the fastest total transaction speeds within the crypto space if not the fastest, aided still further by reducing confirmations to minimum levels through the shield of dPoW.
Revolving Sovereignty Votes
Infinity Node holders can participate in decentralised voting by using the in-built Revolving Sovereignty Votes (RSV) system.
Voting rights must be renewed every 12 months, due to the lifespan of nodes.
SIN helps implement blockchain technology with innovations in our daily life/business, has an experienced team and its characteristics make SINOVATE one of the best investment options of the moment (remember to make your own research before investing).
- Tamer Dagli CEO and Founder of SINOVATE