![]() It important to always do the research before investing into anything out there. There are a ton of good recourse on YouTube and other sources where any one who is interested can learn more about the fundamentals of crypto. In simpler terms a node hold a copy of the ledger and are connected to the network (blockchain) so when a new transaction is broadcast nodes will check their copy of the ledger and if 51% agree that transaction is valid (I.e no shady business such as: double spending, etc) then the transaction is recorded on the ledger and every ones copy is updated with new entries and so on. Nodes broadcast and spread this transaction history to other nodes that may need to synchronize with the blockchain (need to be updated on transaction history). Nodes save and store blocks of transactions (storing blockchain transaction history). Nodes check if a block of transactions is valid and accept or reject it. When a node accepts a new block of transactions, it saves and stores it on top of the rest of the blocks it already has stored. Based on the block’s legitimacy (validity of signature and transactions), nodes can accept or reject the block. When a miner attempts to add a new block of transactions to the blockchain, it broadcasts the block to all the nodes on the network. SWAP offers some of the top options for partner tokens and cryptocurrencies that have met the SafeMoon Standard. No worries, all part of being a community. SWAP by SafeMoon is SafeMoon’s official decentralized swap exchange. That’s what I think, what do you guys think? Safemoon wallet app), if this would happen it would empower all of us to become validators with a few clicks. If only the validation protocols would be written for the smart phones (I.e. It was PoS, as we got one of the biggest communities out there with many of us jumping at a chance to become validators, making the chain on of the more secure chains out there even if only 1% become validators.Ģ. If the Safemoon blockchain does happen would it be cool if:ġ. It will be safe to assume that it will be a Proof Of Stake chain. So it will be safe to assume it will be a clone of BNB/Etherium blockchain. Would it be safe to assume that the blockchain will not be done from scratch (as this is a very complex task, requiring a lot of man power and grey matter + plus a few years). It is a very interesting prospect that will do well for all of us if delivered correctly. ![]() Additionally, it is crucial to acknowledge that the mechanics in this evolving landscape are subject to change.I see there are a lot of conversations about us getting/developing our own blockchain. ![]() Please note that as we progress into the operation of a cross-chain bridge, further clarification and insights into its workings will be offered for improved understanding. Safemoon Chain will speed up Blockchain adoption by connecting systems like Internet Web data, Dapps and Web 5 softwares, IOT- internet of databases, Machine. Moreover, if you 'burn' tokens (into the burn wallet) on either of the new chains, those tokens are permanently burnt and never return to the originating BSC chain. To seed the two additional chains, SafeMoon tokens were bridged from the BSC supply to Ethereum and Polygon. This burn wallet amount represents the sum of all three burn wallets across the three chains. The circulating supply refers to the tradeable tokens that are available, excluding the amount held in the burn wallet. The only way to initiate the circulation of tokens on other chains is to bridge them from BSC. In summary, there will never be more than 1 trillion SafeMoon tokens in circulation across all chains (currently BSC, Polygon, and Ethereum), including the burn wallet.Īll SafeMoon tokens must come from the original supply, which, in this case, is the Binance Smart Chain (BSC).
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