Topic: [PRE-ANN] Sigmoid: An ASIC-resistant, mineable KIP-7 token. (Read 107 times)
Any Updates?
Thanks for the translation mate!
Translate Chinese:https://www.5ishouyi.com/748.html
一种抗 ASIC、可开采的 KIP-7 代币。
像以太坊这样的加密货币正在转向股权证明共识机制。
0xBitcoin 变得太难开采了，ASIC 矿工正在路上。
我们需要一个新的代币供每个人挖掘。
一种抗 ASIC、可开采的 KIP-7 代币。
像以太坊这样的加密货币正在转向股权证明共识机制。
0xBitcoin 变得太难开采了，ASIC 矿工正在路上。
我们需要一个新的代币供每个人挖掘。
Sigmoid
An ASIC-resistant, mineable KIP-7 token.
Website: https://sigmoid-token.github.io/
Whitepaper: https://sigmoid-token.github.io/whitepaper/
CPU Miner: https://github.com/sigmoid-token/sigmoid-cpu-miner
- ASIC-resistant: Balloon hashing algorithm makes Sigmoid ASIC-resistant.
- Easily exchangeable: Since Sigmoid is an KIP-7 token, it is easily exchangeable for Klaytn or other tokens, thanks to KLAYswap.
- Secure: The token is immune from 51% attacks unless Klaytn itself gets attacked.
Specifications
- PoW: Balloon Hashing or Keccak-256. (Initially Keccak-256)
- Block target time: 10 minutes
- Block reward: 50 tokens
- Max supply: 21000000 tokens
- Block reward halving: yes
- Difficulty adjustment: DigiShield implementation (Same as Dogecoin)
Pre-mining
- 0.1%~1% of the max supplies will be pre-mined
- Will not sell until the pre-mined amount becomes less than 5% of the total supply
- Will mainly be used for another KIP project about IPFS and deep learning dataset. Stay tuned!
Launch Date: Before 2022.08.
(might be much sooner than that... 2022.04. if the project goes well)
Progress
- Smart Contract(solidity): 100% complete.
- CPU Miner: 90% complete. The part sending results to the pool must be done.
- Mining pool: 40% complete. Move from Ethereum to Klaytn API complete. Needs testing.
If you want this project to go faster... please check https://www.buymeacoffee.com/sigmoidtoken
What is KIP-7? What is Klaytn?
Klaytn is an enterprise-grade, service-centric platform developed by Kakao, Korea.
Klaytn, the currency running on the platform, is the 39th largest cryptocurrency in crypto market capitalization.
KIP-7 is a fungible Klaytn Compatible Token (KCT) that has properties of uniformity and divisibility, which is very similar to ERC-20 from Ethereum.
Differences with ERC - 20 are:
1. More optional functions are included (e.g. mint, burn and pause extension).
2. Every token transfer/mint/burn MUST be tracked by event logs. This means that a Transaction MUST be emitted for any action related to transfer/mint/burn.
3. The KIP-13 interface for each method group MUST be implemented.
KIP-7 tokens are easily exchangeable in KLAYswap, the Klaytn’s DeFi solution that can take advantage of this high liquidity environment.
How can Sigmoid be ASIC-resistant?
Because Sigmoid uses Balloon hashing for its key derivation function.
Balloon hashing is a NIST-recommended key derivation algorithm which is theoretically proven to be memory-hard. Memory-hardness of this particular key derivation function enables Sigmoid to be ASIC-resistant. Also, parameters for Balloon hashing can be easily modified, which makes Sigmoid even more ASIC-resistant.
Stay tuned!
About me: Normal Korean student from SNU, Electrical and Computer Engineering Dept. BION
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