Sirius Chain

What is Sirius?

Sirius is a comprehensive blockchain infrastructure platform designed for speed, easy adoption, and seamless integration. Its modular architecture ensures high performance and adaptability across various applications.

Sirius Platform Architecture

• Hub and Spoke Design: The core blockchain functions as the "hub," with service layers as "spokes" including P2P storage, streaming, and databases.
• Encryption: All data storage, messaging, and transactions are secured.
• Streaming: Supports text, video, and voice data.
• Supercontracts: Automate processes and business executions off-chain.
• Expandable: Additional layers, such as AI and genome sequencing, can be integrated without affecting overall performance.

Created For Developers of All Skill Levels

• Ease of Use: Develop solutions quickly, regardless of experience.
• Speed: Features next-generation technology for faster transactions.
• Multi-Layered Architecture: Expands beyond typical blockchain capabilities.

Key Components

• Sirius Chain: Advanced PoS and PoG blockchain with multi-level multisig, validator rewards, and fast finality.
• Supercontracts: Build executable off-chain contracts with languages like Rust.
• Sirius Storage: P2P file-sharing with monetizable unused storage.
• Sirius Stream: Streams live and pre-recorded data.
• Multi-Level Multisig: Enhances transaction security with flexible approval levels.

Tokens

• XPX: The native utility token for staking, platform services, and transactions.
• MetX: Reward token for staking and utility in the metaverse.
• XAR: Stablecoin used for stable transactions and within the Xarcade marketplace.
• SDAs: Custom tokens that can be created on the platform for various uses, including DApp economies and NFTs.

Roadmap

2023 Milestones:

• Decentralized Streaming: Launch of decentralized streaming services.
• Supercontract: Introduction of Supercontract technology.
• MetX Rewards: Version 2 of MetX harvesting rewards on Supercontract.
• Sirius DEX: Launch of the decentralized exchange.
• NFT Marketplace and Wallet: Launch of Sirius NFT marketplace and wallet.

Project Development

Sirius announced a significant software upgrade for the Sirius Chain network, set for January 4th, 2024. This update aims to boost performance, security, and efficiency across the network.

• Weighted Voting Consensus: Improved decision-making protocol.
• Dynamic Byzantine Reliable Broadcast (DBRB): Enhanced data transmission reliability.
• Storage Plugins: Expanded storage capabilities.
• Streaming Plugins: Advanced streaming functionalities.
• SDA-SDA Exchange: Facilitates token exchanges.

Other Projects in the Storage Category

• Internet Computer: aiming to create a decentralized internet with advanced cryptographic mechanisms.
• RSK Infrastructure Framework: an open-source framework for dApp development on RSK, using the RIF token.
• RSS3: a decentralized protocol for indexing and structuring open information for web applications.

Sirius Chain Price Analysis

As of December 25 2024 Sirius Chain has a marketcap of $3.9M. This is {{percentagefromath}} from its all time high of $0.03614025. In terms of its tokenomics, there's a total supply of 9B with 72% currently outstanding. Keep in mind Sirius Chain has a fully diluted value of $5.4M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude