Community Observation: 2019.08.07
Community Observation publishes insightful opinions and interesting thoughts collected from the SimpleChain community. If you have any thoughts/opinions about blockchain/crypto that you’d like to share, feel free to contact us through our Telegram group.
SIPC is the native token on SimpleChain main chain. SimpleChain is a PoW public chain. SimpleChain is an extremely low-key and steady project. I researched it online and there are not so many reports about it.
I can’t find funding/finance information about the project online as well. But from the perspective of ecosystem, SIPC is already a very complete project.
From the whitepaper, to the launched main chain and open source codes, blockchain browser, decentralized wallet, mining client, mining pool, APP, OTC platform, community… It has formed a complete ecosystem.
A decentralized blockchain ecosystem involves multiple subsystems, each with a substantial amount of work. It would have been a huge test for the core team’s capabilities and for the early community.
SIPC has done a solid job in these areas, which is in stark contrast to projects that just launched on exchanges and gathered funding based on a mere whitepaper.
At present, the market value of SIPC is less than $5 million, and it would have cost more to build algorithms, chips, and invest in so many systems.
This is a seriously underestimated project. I believe there will be a very big chance for PoW coins.
By 空客730
About SimpleChain
SimpleChain is a PoW main chain with flexible sub-chains. Different sub-chains can adopt different kinds of consensus and block data structure as needed, to support a variety of applications and use cases on blockchain. Sub-chains also support sharding to improve performance. This double-layered structure of one main chain and multiple sub-chains can fuel various applications while ensuring the consistency of the network.
Baoquan.com, the first sub-chain on SimpleChain, provided evidence in China’s first case that used valid blockchain-based evidence.
We have launched the mainnet beta version in January and will be launching mainnet official version 1.0 in Q3 this year. Also, our codes are open-sourced now in Github.
SimpleChain has been focused on Chinese community since mainnet beta launch. Now, we’re ready to expand and have more people learn about and benefit from Simple Chain!
Find SimpleChain at:
Website: https://www.simplechain.com
Twitter: https://twitter.com/SimpleChain
Medium: https://medium.com/SimpleChain
Facebook: https://www.facebook.com/SimpleChainOfficial
GitHub: https://github.com/simplechain-org
TG Announcement Channel: https://t.me/SimpleChainNews
