The Swisscoin Blockchain

In Tuesday March 14th, 2017, i presented the Swisscoin Distribution Model and the technology used by the company to manage its blockchain. Now, it’s the time to present you the Swisscoin blockchain an its specifications.

Blockchain

Blockchain databases is the cutting edge of transactional database technology. They have a number of properties that make them more attractive and efficient for digital currency compared to centralized databases.

	Blockchain Database	Centralized Database
Has single point of failure	No	Yes
Censorship resistant	Yes	No
Authentication mechanism	Public key cryptography	Passwords
Data persistence	Ensured by network	Responsibility of a database operator
Scalability	Automatic	Responsibility of a database operator

Specifications

−     Initial supply 10.000.000.000 SIC;

−     Average block generation time: 60 sec;

−     Block generation model: Proof-of-Stake (PoS);

−     PoS reward: 1-10%;

−     Inflation: ~ 1%;

−     Min. transaction fee: 0.0001 SIC;

−     Blockchain: standalone;

−     Initial transaction throughput: ~ 50 tps;

−     API: JSON-RPC, Bitcoin-compliant;

−     256 Bit Encryption.

Click here to start to explore the swisscoin blockchain!!