swisscoin（SIC）瑞士币白皮书.pdf

© by SWISSCOIN 2017SWISSCOINWhitepaperRevision 0.1Abstract. January 3, 2009 has marked the beginning of a new era ofglobalisation and world interconnection the first Bitcoin transaction1has occurred. Satoshi Nakamoto has made what was thought to beimpossible - he has built and launched the first completelydecentralized global transaction ledger, in which anyone canparticipate. We know it as Blockchain. Only 6 years later we arestarting to understand the real value of the invention. Blockchain hasprovided a universal access to the global economy for any internet-connected device. In this whitepaper, we talk about SWISSCOIN - ablockchain-based currency with innovative model.Project GoalsThe SWISSCOIN SIC huge team’s aim is to achieve 1 billion users in our ecosystem providingunique products and services and create a total capitalization amounting to over 50 billion USdollars. Such business valuation is possible, based on the planned gaining of 1 billion users,and assumed upon the market value of a user in the amount of 50. Due to our commitment inthe creation of a number of services that will be served by SWISSCOIN currency, the team isconfident that the actual capitalization of the entire Project will be much bigger. The more people join our network, the more value the network provides to each user. Thinkabout it as a partnership, we develop the community together with users and share the value ofthe network with them.Those people who share our confidence in the success of the Project, in fact, become a part ofour team and our co-shareholders due to the SIC accumulation on their personal account usingonly own social connections and doing different activities inside of SIC ecosystem.1 https//blockchain.info/block-index/14849/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f1© by SWISSCOIN 2017Economic modelThe aim of SWISSCOIN is to contrast with the up to now introduced crpyto currencies and to define a new standard. Up to the stock market introductionintended in 2017 there will be approximately 600.000 active as of now around400.000 users in SWISSCOIN.With the stock market introduction, there will be approx. 10.000 acceptance places worldwidewho will accept the SWISSCOIN as a currency. It can be assumed that once the SWISSCOINhas been introduced at the stock market there will be additional acceptance places in greatnumbers, so that in a period of a few years after the stock market introduction a number 0f30.000 acceptanceplaces can be assumed as realistic.The value of the SWISSCOIN will be protected by commodity values in the of precious metals. And this underlapping not by means of value rights separated but in a mix of1/3 of gold, platinum and palladium will occur in actual .The mix from a big number of users, a high number of acceptance places as wellas the commodity value in precious metals gives the SWISSCOIN a value increase-potential which lets an outlook for the next 5 years seem realistic that the SWISSCOIN, after the stock market introduction, reaches a value of 7 US-dollar.Non-fixed supplySWISSCOIN has an initial non-fixed supply of 10,000,000,000 coins SIC. The basic moneysupply amount is created during the one-week stage of currency issuance which involves aProof-of-Work PoW block generation period. This approach eliminates a cryptocurrencypremine. Further issue of coins will be conducted via Proof-of-Stake PoS block generationindefinite period, providing growth of coin supply from 1 to 10 interest per year.The currency issuer company will be distributing SWISSCOIN according to the distributionmodel defined below.2© by SWISSCOIN 2017Distribution ModelSWISSCOIN initial supply will be distributed to several categories of businesses with the following proportion● marketing activity by users takes 1.900M SIC,● Users worldwide 7.000 M SIC,● SWISSCOIN Foundation 1.000 SIC● 100M SIC for the development of products and services to be conducted by the SWISSCOIN team.Initial owner of coins will be exchanging it to Bitcoin and Fiat currencies at a pre-determinedfixed rate. The rate is gradually increased as we get closer to the goal a number of users in theecosystem.Coin owners will have a strong incentive to accumulate coins they hold for reasons of Proof-of-Stake model, giving from 1 to 10 interest per year for holding SIC. This effect will ensure thesafety and stability of the whole network by bringing online more full nodes to processtransactions and blocks in the system.Global Payment SystemAs the number of acceptance points AP will continue to grow currently 500 AP we expectSWISSCOIN to become a global PS and value transfer instrument. Merchants will integrate SICto acquire more customers while SIC owners will seek for goods and services to purchase inexchange of coins they hold.We plan to improve this system by implementing P2P lending capabilities, as well as introducingother financial services on top of it.TechnologyOverviewSWISSCOIN is a peer-to-peer digital currency with a distributed, decentralized public ledger,which unlike those of traditional banks is viewable and easily audited by anyone.SWISSCOIN uses a Proof-of-Work PoW creation cycle followed by transition to full Proof-of-Stake PoS. Proof-of-Stake is eco-friendly and efficient, and avoids the vast waste of energyand hardware overhead of PoW-based networks. Users who keep their wallet open to securethe network via staking will get from 1 to 10 interest per year. 3© by SWISSCOIN 2017SIC transactions are extremely fast due to the approach described and get processed within afew minutes. The software wallet is open source, so its safety can be audited. EverySWISSCOIN user shares the transaction history, so the ledger is entirely transparent.From the technological perspective, SWISSCOIN utilizes its own independent blockchain, asopposed to many other cryptocurrencies built on top of existing public blockchains e.g.Ethereum.SIC uses a pure Proof-of-Stake PoS block generation model, ensuring eco-friendly approachto transaction processing. BlockchainBlockchain databases is the cutting edge of transactional database technology. They have anumber of properties that make them more attractive and efficient for digital currency comparedto centralized databases. Blockchain Database Centralized DatabaseHas single point of failure No YesCensorship resistant Yes NoAuthentication mechanism Public key cryptography PasswordsData persistence Ensured by network Responsibility of a databaseoperatorScalability Automatic Responsibility of a databaseoperatorSpecificationso Initial supply 10.000.000.000 SICo Average block generation time 60 sec.o Block generation model Proof-of-Stake PoSo PoS reward 1-10o Inflation 1o Min. transaction fee 0.0001 SICo Blockchain standaloneo Initial transaction throughput 50 tpso API JSON-RPC, Bitcoin-complianto 256 Bit Encryption4© by SWISSCOIN 2017ConclusionSWISSCOIN resides on the cutting edge of the payments technology innovation combining themost robust cryptocurrency network with strong social networking effects. Its economic modelhas solid usage incentives. The technology behind SWISSCOIN as a system ensures itsindependence, safety and Scalability. We believe that SWISSCOIN has the potential to compete with leading global paymentsystems.Useful LinksSource code repository*COMING SOON*Blockchain explorer *COMING SOON*Web sitehttps//swisscoin.euBlockchain Screenshot5