Print Page - [ANN] [POW] Salvium : Evolved CryptoNote with staking, yield and MiCA compliance

Introducing Salvium - Brand New Privacy Blockchain

Salvium is a cutting-edge proof-of-work private blockchain that seamlessly combines staking, enhanced privacy and DeFi capabilities while navigating crypto regulations. Built on a fork of Monero, it retains Monero's advanced privacy features such as stealth addresses and ring signatures. However, Salvium introduces groundbreaking innovations that significantly alter transaction mechanics, creating a unique solution in the DeFi space.

History

Salvium originated as a research initiative to explore Cryptonote’s potential for private DeFi. Through extensive research, prototyping, and revisiting established Monero studies, our team focused on enhancing scalability, extensibility, and multi-chain interoperability. This rigorous process allowed us to adapt to regulatory changes, particularly under MiCA, positioning Salvium as an evolved version of Cryptonote and Monero.

Taking a 'privacy-first' approach, Salvium is designed to meet full MiCA compliance. At launch, we will introduce phase one compliance features, such as refundable payments and a specialized 'exchange mode' for supporting these refunds. Over the past year, we've also developed features like Conditional Payments (CP), native yield, and staking, with some available at launch and others planned for future updates.

Salvium now brings unique technological advancements, including Transactional Imbalances (TI) and Asynchronous Transactions (AT), establishing the first native Cryptonote staking and yield system. These innovations will drive future development and form the foundation of our ecosystem.

Key Innovations:

Compliant Privacy: Designed with MiCA regulations in mind, Salvium offers refundable transactions and exchange modes, balancing privacy with regulatory requirements.
Native Staking: Earn 20% of block rewards by staking SAL tokens - a first for CryptoNote-based chains.
DeFi Ready: Foundational support for smart contracts and private DeFi applications, with future middleware for easy porting of existing Ethereum DApps.
Transactional Imbalances (TI) & Asynchronous Transactions (AT): Unique technologies enabling advanced features like native yield generation.
Programmable Privacy: Empowering developers to build DApps with customizable privacy levels.
Why Salvium?

Privacy as a Right: Champion ethical usage while ensuring regulatory compliance
DeFi Evolution: Lay the groundwork for truly private decentralized finance
Selective Transparency: Users control their privacy level, crucial for exchange compliance
Future-Proof: Proactively designed with upcoming regulations in mind
Roadmap Highlights:

Phase 1 (Launch): Staking, yield generation, refundable transactions
Phase 2: Advanced compliance features, including view keys for transaction history verification
Phase 3: Full DeFi support with smart contracts and private token issuance
Security:

Pre-launch audit conducted by Cypher Stack, specialists in Monero security, focusing on Salvium's unique technologies.

Specifications

PoW Algorithm: RandomX
Max Supply: 184.4 million coins, with tail emissions of 3 SAL per block n
Block Time: 120 seconds
Difficulty Retargeting: Adjusted every block
Initial block reward: 123.825 SAL per block
Pre-mine:
Pre-mine fuels development, ensuring Salvium's long-term sustainability and innovation in privacy-focused, compliant DeFi
Build: 3.5% for early developers and contributors
Operations: 8.48% locked, released monthly over 24 months
Balance: 87.99% reserved for miners and stakers

Downloads

https://salvium.io/downloads/

Links

Discord: Join the community : https://discord.gg/P3rrAjkyYs

GitHub: https://github.com/salvium/

Blockchain Explorer: https://explorer.salvium.io

For a complete guide and more detailed information, visit https://salvium.io/

Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: salvium on July 04, 2024, 04:06:23 PM