[ANN] SINOVATE (SIN) KawPow | PoS | Bitcoin 0.24.1

[polinagagarina]

Personally, I've been in the project for a long time, the team has great plans, and I continue to support them, and those who write nasty things they are just jealous or offended, I already have 3 big nodes, and you stop whining, the project grows and strives for its goals, it takes some time, and everything will happen. I respect the Sinovate team, the project was born without ICO, IEO. What did you want at once mountains of money? No, it will not happen anymore, it is a long-term project, and steps they come up to the rocket overcoming without any obstacles, you will not have time to turn around and already on the moon will be.

The Heithers are going through the woods! While you are building fences and we are already refueling the rocket!

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[cryptotamer01]

We are going to have a new SIN Core wallet for test before we release it officially.
Please join the SINOVATE discord server and give your feedback.
https://discord.gg/uNZdnwj

Is this because you guys are getting ready for the IDS?
Or will this not be mandatory wallet upgrade?

Your wallet syncs very fast already by the way.  Is this going to be even faster?!

We are getting ready for the I.D.S. but this wallet is not related to it yet.
This wallet will be an important update because of the added new seednodes and increased transaction fees of 0.05 SIN per one input but it is a soft fork so the VPS nodes will not need to be upgraded.
There are already so many bug fixes on this wallet and it is faster than the current wallet but on our Q1-2020 Hardfork wallet the synchronization will be very very fast. There won't be any more 10,000 required collateral for setting up the nodes.

Here are some info from our precious Lead Developer
xtdevcoinLast Sunday at 11:04 PM
New Backup Feature for InfinityNodes for Q1-2020 hard fork;
this feature has two steps:
1. enter backup address in new RPC ==> done
2. used to notify that his wallet is hacked and miner use backup address for receiving payment ==> next hard fork

Traditional masternodes must have a proof that a node is ONLINE all-time for payment because of the collateral system ( in / out whenever they want )

Infinity Nodes is not the same;

With burnTx, we know that the node owner has the interest to make node online until ROI(12 months uptime); it checks only two times per day.

The new algorithm(For Infinity Nodes), deterministic candidate help to make network stable: our question is Candidate A has a reward or not ( masternode is another question: pay for candidate A or B)
The new version of infinitynode, no need for 10k collateral anymore.
The complete version of InfinityNode in the next hard fork and it will completely differ SIN Infinity Nodes from the masternodes code.
No sync at the start of the wallet, so much faster
The wallet will use fewer CPU resources because of less network communication

[SINOVATE]

Some Future info of I.D.S.
The more detailed Technical Whitepaper of I.D.S. will be released later in the future but here is a sneak peek;

I.D.S. Incorruptible Data Storage(Decentralized Cloud 3.0)(DataSend-Blockchain E-Mail)
Encryption
ECDSA - Elliptic Curve Digital Signature Algorithm, i.e. using a private/public key and digital signatures.

Alice wants to send  secure data to Bob. She will encrypt data with the PublicKey of Bob, and send the encrypted information through network. No one can “see” this message except Bob who has the PrivateKey to decrypt the information in the “data”.
- The 5 nodes between them will verify to make sure that data is stored in a node until expired (7 days) and network fee is committed by the highest RANK of 5 nodes
 Fee
All fees will be in “Collateral” which is sent to a Node by Alice
Network fee
0.1 SIN for each tx with limit:
1 Mb size
7 days of storage
Infinity Node fee
If Alice choose the option for extra storage, she will pay a higher fee to node
Storage fee
0.1 SIN for each Mb
Time limit
0.1 SIN for each 7 days

[cryptotamer01]

Some more from the King of Devs
xtdevcoinLast Saturday at 11:02 PM

Blockchain is very limited in terms of space, so saving data in the blockchain is a terrible idea, and we will use InfinityNode to save data. Blockchain is used to proof: The "data" saved on the node is not "changed." There are many use cases:
1. Data can be Invoice info: in this case, the user pays an invoice with the attached info like Client info, invoice's number... With this attached info, an online merchant can valid the command in 15s and do not need the third party like Paypal as today
2. Data can be a mail: so SINOVATE I.D.S. can be used to proof that A sends mail to B, and B has downloaded it and get info. In France, it is "Letter avec accusé de réception" de La Poste
3. Data is a file or database: so Sinovate can be used as a public Tracking system. A company of "eat food" want to track all the origin of their base products.
4. Private networks can be used for the Private Tracking system. Private companies can burn SIN and create a Private InfinityNode, and their data will be stored in their Private Node. This node will not be included in our reward system. However, they can use public chains like SINOVATE to proof regarding their Data is not changed.

Much more info everyday if you join the SIN discord server
 https://discord.gg/8rxutDv

[SINOVATE]

Inflation — The Curse of Traditional Masternodes!



https://sinovate.io/blog/inflation-the-curse-of-traditional-masternodes/

[podpod]

No need for 10k collateral is quite a neat idea.

It may make some go to the next level.

IDS is going to be huge.  I know its asking a lot, but is this still an idea, or is the team busy with it already?

[cryptotamer01]

No need for 10k collateral is quite a neat idea.

It may make some go to the next level.

IDS is going to be huge.  I know its asking a lot, but is this still an idea, or is the team busy with it already?

It is more of a reality than an idea. Q2-2020 Hardfork will be the start of IDS step 1.
DataSend(Documents and Text) Blockchain E-Mail with a size limit of 1.5 mb.

[SINOVATE]

We are launching a series of short explainer videos covering all aspects | features & services of SINOVATE

Starting with X25X Algorithm



https://www.youtube.com/playlist?list=PLM3zn2AIrzDkQu0GH6lbO0XL6iwY4XlpV

[SINOVATE]

SINOVATE is listed on Merebel Multi-Node-Pool and Auto-Exchanger Platform

https://invest.merebel.org/app/invite?ref=2092321792

[Gash]

To be fair, the Developing team almost everything in this project, their effort, time and money, But the only problem is the price of SIN stay on the low land, the team should see the solution for this project, There's a lot of seller than to want to buy.

Check out the discord chat for live updates.
The reason for the recent sells:
- One scammer scammed another scammer for 4.3 million coins and sold(The scammed scammer scammed SIN team last month when we were trying to help him so we can call this Karma. I know too many scam words, but it is better to understand the risks and not believe scammers.
- This exchange wallet very possibly scammer "cryptobridge" wallet, has been selling millions of coins in the last couple of days.
http://explorer.sinovate.io/address/SRCY7UAS1tepEk9sQ53Z64mHAwAGVw6vfF
- The top 2 rich wallets of 9.5 million and the top 4 rich wallets of 8.2 million already disappeared, meaning they sold too.

What does this mean for SINOVATE?
- SIN wealth distribution of wallets is one of the, if not the most, fairly distributed wallets out of all projects in the crypto space.
- Almost no whales left in the system.
- The current users get more experienced not to get scammed, and they are learning more not to believe any scammers who are pretending to be a team member.

It is very easy to make assumptions by looking at the coinmarketcap price but I suggest you dig deeper and read the SIN discord server if the daily price concerns you.
https://discord.gg/8rxutDv
You are a bounty hunter, and all you do is sell the altcoins you receive for BTC, but you must open your eyes for more to understand what is going on.
I know and remember you had a tough time understanding how Infinity Nodes work, and also you had a hard time even upgrading your wallet.
I will explain here anyways.

SIN nodes started with 645 million coins in the supply, and there are 477 million coins in the supply right now after seven months. 1125 limit of nodes is almost full, with 1069 nodes in the network.

Genesis Block September 26, 2018
Total Addresses in use: 866791
Active Addresses the last seven days: 37342
Total transactions in the SIN Blockchain: 8599770

With the Start of infinity nodes, most of the node owners were existing coin owners, so there was no high ROI and not too many new buys.
Lots of node owners sold their rewards just like you did. This also means that you and the other sellers of node rewards will not be able to make new nodes without buying new coins in June 2020 when new node space opens again. The high ROI will bring new node owners, and all the new node owners must buy new coins to make new Infinity Nodes.

This not sophisticated talk about price is only for you because you talk about daily price. I hope you will talk about the opposite when you see more buys than sells in june 2020 and beyond.

My last sentence is for everyone who wants to find out essential information about blockchain and the buidlers(builders) who bring innovations to crypto space to further help grow the blockchain.

Please join the SINOVATE discord server for a more sophisticated talk if you want to hear about our upcoming implementation of the use-cases starting with I.D.S. Incorruptible Data Storage Step-1.
Step-1 will bring encrypted text messaging, Blockchain E-Mail.

Yeah im updated with this project, I've been here since it was started, but despite of all the efforts of the developer of SIN they didn't hit the better price for this coin, I also saw that this project has all the potential, but SIN is now reaching 1 year, but our expectation to the price doesn't yet meet, instead of getting high it's now dipping the ground, Again Despite of ALL THE EFFORTS WHY?

Ever since u started the project Ive been wondering why your still alive. Sinnovate as a cryptocurrency has a lot of foes, all of whom offer rewards for ur cabbage-like head. Nintendo players, elderly newlyweds and abysmal vivisectors, they all are headhunters now seeking after ur head. It is glaring reason why the price wont move. Because a sane investor does understand that buying Sinnovate is equal to burning the candle from both sides, no money comes in. Blame ursefl for that.

[cryptotamer01]

To be fair, the Developing team almost everything in this project, their effort, time and money, But the only problem is the price of SIN stay on the low land, the team should see the solution for this project, There's a lot of seller than to want to buy.

Check out the discord chat for live updates.
The reason for the recent sells:
- One scammer scammed another scammer for 4.3 million coins and sold(The scammed scammer scammed SIN team last month when we were trying to help him so we can call this Karma. I know too many scam words, but it is better to understand the risks and not believe scammers.
- This exchange wallet very possibly scammer "cryptobridge" wallet, has been selling millions of coins in the last couple of days.
http://explorer.sinovate.io/address/SRCY7UAS1tepEk9sQ53Z64mHAwAGVw6vfF
- The top 2 rich wallets of 9.5 million and the top 4 rich wallets of 8.2 million already disappeared, meaning they sold too.

What does this mean for SINOVATE?
- SIN wealth distribution of wallets is one of the, if not the most, fairly distributed wallets out of all projects in the crypto space.
- Almost no whales left in the system.
- The current users get more experienced not to get scammed, and they are learning more not to believe any scammers who are pretending to be a team member.

It is very easy to make assumptions by looking at the coinmarketcap price but I suggest you dig deeper and read the SIN discord server if the daily price concerns you.
https://discord.gg/8rxutDv
You are a bounty hunter, and all you do is sell the altcoins you receive for BTC, but you must open your eyes for more to understand what is going on.
I know and remember you had a tough time understanding how Infinity Nodes work, and also you had a hard time even upgrading your wallet.
I will explain here anyways.

SIN nodes started with 645 million coins in the supply, and there are 477 million coins in the supply right now after seven months. 1125 limit of nodes is almost full, with 1069 nodes in the network.

Genesis Block September 26, 2018
Total Addresses in use: 866791
Active Addresses the last seven days: 37342
Total transactions in the SIN Blockchain: 8599770

With the Start of infinity nodes, most of the node owners were existing coin owners, so there was no high ROI and not too many new buys.
Lots of node owners sold their rewards just like you did. This also means that you and the other sellers of node rewards will not be able to make new nodes without buying new coins in June 2020 when new node space opens again. The high ROI will bring new node owners, and all the new node owners must buy new coins to make new Infinity Nodes.

This not sophisticated talk about price is only for you because you talk about daily price. I hope you will talk about the opposite when you see more buys than sells in june 2020 and beyond.

My last sentence is for everyone who wants to find out essential information about blockchain and the buidlers(builders) who bring innovations to crypto space to further help grow the blockchain.

Please join the SINOVATE discord server for a more sophisticated talk if you want to hear about our upcoming implementation of the use-cases starting with I.D.S. Incorruptible Data Storage Step-1.
Step-1 will bring encrypted text messaging, Blockchain E-Mail.

Yeah im updated with this project, I've been here since it was started, but despite of all the efforts of the developer of SIN they didn't hit the better price for this coin, I also saw that this project has all the potential, but SIN is now reaching 1 year, but our expectation to the price doesn't yet meet, instead of getting high it's now dipping the ground, Again Despite of ALL THE EFFORTS WHY?

Ever since u had started the project Ive been wondering why your still alive. Sinnovate as a cryptocurrency has a lot of foes, all of whom offer rewards for ur cabbage-like head. Nintendo players, elderly newlyweds and abysmal vivisectors, they all are headhunters now seeking after ur head. It is glaring reason why the price wont move. Because a sane investor does understand that buying Sinnovate is equal to burning the candle from both sides, no money comes in. Blame ursefl for that.

If you have been following from the beginning, then you are one of the early birds who received so many rewards for cheap but did not get happy because of the greed. The project needs to get rid of people like you who don't appreciate hard work and who don't even understand what is being built, and then we will succeed, but we will never give up.

Crypto world is not only going to get rid of the insufficient exchanges and cryptocurrency projects but also will get rid of the ones who think the price in a bear market is everything.
I am sure if it were you, you would have already quit your project.
Like I said before, a smart person would mention how we work with full determination even if the price is down just like all the other altcoin prices, but again a smart person would say this.
P.S. You need to study your lesson and hatred for more because you mentioned Sinnovate two times with your broken and grammatically wrong English.
It is SINOVATE, and we are here to Innovate!

[Kodaman]

To understand a coin's value, one must first look at the Github activity, social media activity, and the number of nodes in the network.

What you do today will define what you will become tomorrow.

SIN is doing great and will be one of the best projects in the next bull run...

[vella85]

To understand a coin's value, one must first look at the Github activity, social media activity, and the number of nodes in the network.

What you do today will define what you will become tomorrow.

SIN is doing great and will be one of the best projects in the next bull run...

That's is right and its only a matter of time before a lot more people start to see this here. Like I have said many times before, Sinovate team is one of the most active in the crypto space and every week they have something new to say about the project which is why I also believe that SIN will be one of the best performers in the next Altcoin bull run as people start to wake up and see how much potential SIN has to offer in the long term.

[nick_badlands]

I might be biased (team member here, I wrote the inflation article a few posts back), but this project can only grow.  This is just the first stages of what this project will become, building out the blockchain infrastructure and network has to be done first.

Wait until the features like IDS and others come. @The critics, we welcome constructive criticism but realise this is just the start still for what will come.

Check out the current nodes and amount of SIN users have burnt setting up their nodes http://explorer.sinovate.io/.  Plenty of people over the globe who have confidence to lock up a node for a long time.

Also, please come join our discord and discuss with the team and community and you will see how active we are and you won't worry 

[grendel25]

I might be biased (team member here, I wrote the inflation article a few posts back), but this project can only grow.  This is just the first stages of what this project will become, building out the blockchain infrastructure and network has to be done first.

Wait until the features like IDS and others come. @The critics, we welcome constructive criticism but realise this is just the start still for what will come.

Check out the current nodes and amount of SIN users have burnt setting up their nodes http://explorer.sinovate.io/.  Plenty of people over the globe who have confidence to lock up a node for a long time.

Also, please come join our discord and discuss with the team and community and you will see how active we are and you won't worry 

Well said.  Cryplander puts a lot of work in here.  He is the evangelist out there at blockchain conferences and meetups doing the good work to see how Sinovate may be integrated.

[podpod]

IDS looks like a awesome innovation and then coupled with email on blockchain.
Very nice products coming.  We support you 100%
Great project and I'm happy to have found it!

[Kodaman]

I have never seen such ambition and determination from a crypto project. With this hard work and activity, if there are haters, then it means you are on the right track.
Never give up!

[cryptotamer01]

At the end of May 2020, around 500 new node places will open with very high ROI and hopefully with the IDS-Step-1, the start of our important real-life use-case.

 DataSend(B-Mail) Encrypted document sending and storing limited up to 1.5 MB.

The first-year cycle of nodes was needed for the adaptation of the security and stability of the infinity nodes. They were for the node owners to increase their coin amounts, not for selling them cheap 

 Some unhappy members who sold all their daily rewards and also complained about the price should have waited for the real benefits, but they did not.

Some of the early adopters from mining either made nodes and sold their rewards or sold their coins without making a node and did not wait.

Good days are waiting for the believers who hodled their coins or their rewards from nodes. We will keep building every year without stop, and every year, it will be possible to increase their number of SIN coins via Infinity Nodes with only a VPS fee of as low as 1$ a month. This is almost nothing compared to the cost of mining, and it will pay back to the patient members who appreciate our work.

We will solve the inflation once and for all in time, and there won't be any additional coins entering the supply yearly even though the blockchain will reward the node owners, making SIN coins precious in a couple of years.

We thank everyone anyways who have been with us even if they sold their investments or not. We need everyone to know that our intention here is nothing but good.
We want to make a difference in the crypto world, and we will achieve this with our hard work, unique thinking, and of course with the absolute help of our lovely community.

Thank you for the fabulous support SIN Nation!

[podpod]

At the end of May 2020, around 500 new node places will open with very high ROI and hopefully with the IDS-Step-1, the start of our important real-life use-case.

 DataSend(B-Mail) Encrypted document sending and storing limited up to 1.5 MB.

The first-year cycle of nodes was needed for the adaptation of the security and stability of the infinity nodes. They were for the node owners to increase their coin amounts, not for selling them cheap 

 Some unhappy members who sold all their daily rewards and also complained about the price should have waited for the real benefits, but they did not.

Some of the early adopters from mining either made nodes and sold their rewards or sold their coins without making a node and did not wait.

Good days are waiting for the believers who hodled their coins or their rewards from nodes. We will keep building every year without stop, and every year, it will be possible to increase their number of SIN coins via Infinity Nodes with only a VPS fee of as low as 1$ a month. This is almost nothing compared to the cost of mining, and it will pay back to the patient members who appreciate our work.

We will solve the inflation once and for all in time, and there won't be any additional coins entering the supply yearly even though the blockchain will reward the node owners, making SIN coins precious in a couple of years.

We thank everyone anyways who have been with us even if they sold their investments or not. We need everyone to know that our intention here is nothing but good.
We want to make a difference in the crypto world, and we will achieve this with our hard work, unique thinking, and of course with the absolute help of our lovely community.

Thank you for the fabulous support SIN Nation!

That is really such excellent news!  So when will the new wallet be ready?

[cryptotamer01]

At the end of May 2020, around 500 new node places will open with very high ROI and hopefully with the IDS-Step-1, the start of our important real-life use-case.

 DataSend(B-Mail) Encrypted document sending and storing limited up to 1.5 MB.

The first-year cycle of nodes was needed for the adaptation of the security and stability of the infinity nodes. They were for the node owners to increase their coin amounts, not for selling them cheap 

 Some unhappy members who sold all their daily rewards and also complained about the price should have waited for the real benefits, but they did not.

Some of the early adopters from mining either made nodes and sold their rewards or sold their coins without making a node and did not wait.

Good days are waiting for the believers who hodled their coins or their rewards from nodes. We will keep building every year without stop, and every year, it will be possible to increase their number of SIN coins via Infinity Nodes with only a VPS fee of as low as 1$ a month. This is almost nothing compared to the cost of mining, and it will pay back to the patient members who appreciate our work.

We will solve the inflation once and for all in time, and there won't be any additional coins entering the supply yearly even though the blockchain will reward the node owners, making SIN coins precious in a couple of years.

We thank everyone anyways who have been with us even if they sold their investments or not. We need everyone to know that our intention here is nothing but good.
We want to make a difference in the crypto world, and we will achieve this with our hard work, unique thinking, and of course with the absolute help of our lovely community.

Thank you for the fabulous support SIN Nation!

That is really such excellent news!  So when will the new wallet be ready?

Which wallet, the next one?