Innovation and Popularization of Cryptocurrencies: Brief Overview of Sinovate Coin

The SIN network is meant to safely store “21st-century oil” – information. This is achieved through private, cost-effective and high-speed Incorruptible Data Storage (IDS) technology.

Sinovate creators want to make the blockchain scalable, decentralized and secure at the same time.

Sinovate: general information

The Sinovate (SIN) project is a peer-to-peer digital coin with the main task to popularize cryptocurrencies and introduce innovations.

Sinovate is the successor to the digital currency SUQA. This project possesses an innovative and unique reorg solution of 55 block confirmations, as well as a new LWMA diff algorithm. Besides, the Sinovate blockchain network has a huge number of unique functions we are going to discuss in this article.

SIN in numbers

• The total supply for now is 466 millions SIN after the burnt, and in 20 years it should be 2,5 billion.
• Circulating offer – 642 974 411 SINl.
  
• Capitalization – $1 151 326.
  
• The daily trading volume – $26 000.
  
• Exchanges where to buy SIN: CHAOEX, TradeOgre, Crex24, STEX.
  

Сreed of Sinovate

First of all, the project creators pay great attention to the development of the community – in their opinion, this is the key factor of success. So, each member of the Sinovate community can participate in ecosystem life. The developers want to create a transparent product that will help those ones involved in the cryptosphere to solve the current problems of the industry.

X25X algorithm

The SIN network is based on the new in-house built X25X algorithm, which supports GPU mining. With its help, the blockchain is protected from ASIC, FPGA, and Quantum with the addition of SWIFFTX in the chain. The X25X algorithm provides a fair and decentralized consensus mechanism available to all users.

Burning nodes

The project creators are proud of this innovative technology that helps SIN coin holders receive passive annual income while reducing inflation. This is the next level of master node development, and such an approach solves the problems of high inflation and emissions.

Node Levels:

• Little note – 100 thousand coins
• Midnode – 500 thousand coins (additional bonus + 5%)
  
• Big node – 1 million coins (additional bonus + 10%)
  

To work and receive a reward, a deposit of 10 thousand coins is required.

Conclusion

Sinovate cryptocurrency is a rather young, but quite promising project. SIN developers are introducing innovative technologies into their product, and also have long-term development plans. Whether they win worldwide recognition – time will tell, but this digital coin is definitely interesting for study. If you want to learn more about SIN, go to the official website of the project.