Introducing Salvium: A Revolutionary Privacy-Focused Blockchain
Salvium is a cutting-edge, proof-of-work private blockchain that seamlessly integrates staking, enhanced privacy, and DeFi capabilities while addressing crypto regulations. Built on a fork of Monero, Salvium retains advanced privacy features while introducing groundbreaking innovations in transaction mechanisms, creating a unique solution in the DeFi space.
The Genesis of Salvium
Salvium originated from a research initiative exploring Cryptonote's potential in 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.
Adopting a "privacy-first" approach, Salvium aims to fully comply with MiCA requirements. At launch, we'll introduce the first phase of compliance features, such as refundable payments and a dedicated "exchange mode" to support these refunds. Over the past year, we've also developed features like Conditional Payments (CP), native yield, and staking, some of which will be available at launch, with others planned for future updates.
Salvium now brings unique technological advancements, including Transaction Imbalance (TI) and Asynchronous Transactions (AT), establishing the first native Cryptonote staking and yield system. These innovations will drive future developments and form the foundation of our ecosystem.
Key Innovations
- Compliant Privacy: Designed with MiCA regulations in mind, Salvium offers refundable transactions and exchange mode, striking a balance between privacy and 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.
- Transaction Imbalance (TI) and Asynchronous Transactions (AT): Unique technologies enabling advanced features like native yield generation.
- Programmable Privacy: Empowers developers to build DApps with customizable privacy levels.
Why Choose Salvium?
- Privacy as a Right: Advocates for ethical use while ensuring compliance
- DeFi Evolution: Paves the way for truly private decentralized finance
- Selective Transparency: Users control their privacy levels, 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 through smart contracts and private token issuance
Security and Specifications
- Security Audit: Pre-launch audit by Monero security experts Cypher Stack, focusing on Salvium's unique technologies.
- PoW Algorithm: RandomX
- Max Supply: 184.4 million coins, with a tail emission of 3 SAL per block
- Block Time: 120 seconds
- Difficulty Retargeting: Adjusts every block
- Initial Block Reward: 123.825 SAL per block
- Premine:
- Development: 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
Getting Started with Salvium
Ready to explore Salvium? Here's how you can get started:
- Download: Get the Salvium software from https://salvium.io/downloads/
- Join the Community:
- Discord: https://discord.gg/P3rrAjkyYs
- GitHub: https://github.com/salvium/
- Explore the Blockchain: Use the Blockchain Explorer at https://explorer.salvium.io
For comprehensive guides and more detailed information, visit https://salvium.io/
Salvium represents the next evolution in privacy-focused blockchains, offering a unique blend of compliance, DeFi capabilities, and advanced privacy features. Whether you're a developer, investor, or privacy enthusiast, Salvium provides a platform that's built for the future of decentralized finance.
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