[ANN] Introducing...Soloneum - Layer 1 PoW XEVM 20,000TPS Blockchain

[singularity]

https://talkimg.com/images/2024/03/01/fxfRD.png

Introducing Soloneum

Soloneum is pioneering a new era in digital finance with it’s novel XEVM technology built on it’s secure layer-1 resource efficient Proof-of-Work blockchain.

This groundbreaking technology not only enables global-scale capacity but also ensures backward compatibility with EVM systems and Solidity smart contracts. We enable DeFi projects and assets to easily be ported over from existing EVM blockchains in a matter of minutes.

At the core of Soloneum's mission is the ambition to solve the wide-ranging problems found in cryptocurrency, including: the inability to scale, ineffective governance models, subpar economics and poor utility. Soloneum envisions the creation of a vast, self-sustaining system that promises to deliver enormous value to people across the globe.


Key Highlights

• Novel XEVM global scaling technology,
• Layer-1 resource efficient Proof-of-Work Security,
• Compatibility with EVM and Solidity,
• 20,000 TPS peak EVM performance target (without sharding, or extra layers),
• Dynamic and adaptive economic model,
• Coinholder-focussed tokenomics and emissions schedule orientated towards fast growth,
• Sound and responsible governance model.

Upgrading EVM to XEVM
We aim to address the scalability issues of EVMs by incorporating our new XEVM technology based on advanced computing research and parallel processing techniques. We have reengineered the virtual machine to support full parallelism while maintaining backward compatibility with EVM infrastructure. Ethereum is limited to just 14 transactions per second, whereas our innovative approach inspired by the UTXO model, termed 'Keyframe chains' enables us to process billions of transactions per day by ordering transactions via a DAG.


Details
Blockspeed: 15 sec
TPS: Initial performance target of 20,000 TPS, R&D for more.
Consensus: Proof-of-Work
Scaling: XEVM technology
Algo: CPU / GPU - Algo TBC
Smart-Contract language: Solidity
Governance: On-chain & DAO
Testnet: Q1-Q2 2024
Mainnet: Q3 2024


Timeline 2024

2024 Q1 - Presales and Growth: Strategic marketing, provide compelling incentives to encourage early adoption and commitment and launch public presales to provide early funding without VCs.

2024 Q2 - Testnet: Meticulously plan and execute the deployment, thoroughly test all functionalities, and actively engage the community for comprehensive feedback and bug reporting

2024 Q3 - Mainnet: Rigorously conduct final security audits, ensure scalability and stability, communicate with stakeholders, and implement a strategic marketing campaign to drive user adoption and community support.

2024 Q4 - Products and Services: Launch products and services, via a meticulously plan and execute the deployment, conduct thorough testing to guarantee functionality and reliability, and on-going marketing activities for promotion of the services.


Core Team
Paul: Founder  
Martin: Head of Marketing
Pat: Core & Lead Developer
Van: Head of Product


We're Hiring!
We are currently expanding our team and are in search of more blockchain/node developers. Our highest priority right now is a Senior Developer who is proficient in GoLang; this skill is a top quality must-have, along with extensive knowledge of Geth.

We are also seeking junior developers to assist with performance testing of our technology and data analysis of the Ethereum Blockchain.


Official Links
Website: www.soloneum.org
Whitepaper: https://www.soloneum.org/Whitepaper-v0.1.pdf (first v0.1 release of whitepaper, more in-dept details to follow suit the coming weeks).


Community
Discord: https://discord.soloneum.org
Telegram: https://telegram.soloneum.org
Twitter: https://x.com/soloneum
Youtube: https://youtube.com/@soloneum

We will, of course, continue to regularly update Bitcointalk with our ongoing achievements and progress. If you have any questions, please let us know, and we will be happy to answer them. We'll continue to update this post as we have more information for you.

[elmo40]

and another linktr.ee site... something tells me the same people are making many sh!t projects.

[synthlite]

I'm looking forward to.

[tbearhere]

Try                      https://www.talkimg.com/page/privacy     for you images. From bitcointalk. 

[singularity]

Try                      https://www.talkimg.com/page/privacy     for you images. From bitcointalk. 
https://www.talkimg.com/images/2024/03/01/yXZcH.png

Unfortunately, even though my account is now 12 years old (man I'm getting old  ), I am still a 'newbie' on the forum, so it won't display images. I need 1 'merit' and I have no idea how to get it.

[singularity]

and another linktr.ee site... something tells me the same people are making many sh!t projects.

I'm not sure what you mean. We have a full website. We just use linktr.ee on our X.com account to provide multiple different channels from a single link.

[Soloneum-log1]

It's probably good to mention that we are looking to grow an entire community well before the mainnet launch, consisting of miners, investors, and contributors/ambassadors. This is to ensure a greater coin distribution stemming from the presales, while also having a significant number of miners ready to secure the network to assure decentralization as much as possible.

Having said that, there's something we missed in the post -> The network will, of course, be fully open source. The code will be accessible to the public between the testnet and mainnet phases, BTW.

[Soloneum-log1]

Also make sure to watch this interview with our founder, Paul Church, where he elaborates on the Soloneum network; https://www.youtube.com/watch?v=N0wYlMKmxFM

[elmo40]

Any progress?

[Soloneum-log1]

Definitely progressing. Find below a high-level overview of the progress made last week:


Operational Highlights:

Website Launch & Communication Channels: We’ve officially launched our website and opened up various channels for communication to ensure we stay connected with you.

Whitepaper Release: The first tech version (v0.1) of our whitepaper is now available, outlining our technological framework and vision.

Presale Dapp Review: We’ve conducted extra checks on the presale dapp information and back-end details to ensure everything runs smoothly.

Recruitment Efforts: Interviews have been conducted with applicants for our open positions as we continue to build our talented team.

Legal Alignment: We’ve aligned with legal counsel regarding the presales to ensure compliance and security for our community.


Development & Technology Updates:
Smart Contracts: Changes and additions have been made to the smart contracts for the presales to enhance functionality and security.

Presale Dapp Admin Interactions: We’ve implemented admin interactions within the presale dapp for better management and oversight.

Keyframe Management: Development on keyframe management continues, aiming to optimize our network’s efficiency.

Transaction Evaluation: We’re dedicated to improving parallel transaction evaluation and eliminating bugs to ensure a seamless experience.

Testing: Rigorous tests have been conducted to cross-check the final state of block execution for both sequential and parallel processing.

Codebase Update: The entire codebase has been updated to use extended state, ensuring all builds pass and are up to the latest standards.


Marketing Initiatives:
Founder Interviews: All interview videos with our founder, Paul Church, have been released, offering insights into the Soloneum network’s vision and future.

Forum Announcements: We’ve made our presence known on Bitcointalk and other forums, engaging with the wider crypto community to grow our community.

AMA Sessions: Scheduling AMA sessions with various communities is underway, providing opportunities for direct engagement and Q&A.

Vacancies Announcement: Several vacancies, ranging from community managers to graphic designers, have been announced as we look to expand our team.

We’re absolutely happy with the progress we’ve made and the direction we’re headed. A lot of more stuff is lined up obviously.

[Soloneum-log1]

We've just released our governance whitepaper. Feel free to have a look:

https://soloneum.org/Governance-v0.1.pdf

If you have any questions, please feel free to join our community to have a chat about it! https://discord.soloneum.org or https://telegram.soloneum.org