What is Saronite? Saronite is a CryptoNote cryptocurrency that enables fast and private transactions on the blockchain. Saronite is a Loki fork, and inherited Proof of Work and Service Nodes. Saronite also vouches to stay ASIC resistant (Application-specific integrated circuit) until the day comes where we can have fair mining between ASICs and GPUs on an even level. Saronite will also feature a blogging platform on the Saronite network, where bloggers can earn from their specific traffic and get paid with XRN.
Service Nodes Saronite inherited service nodes on the blockchain. Service nodes rewards those running a full node of the Saronite blockchain. It becomes a service node when the holder of XRN locks away a certain amount of coins for a period of 30 days. These nodes help to keep the circulating supply under control and decreases the risk of market manipulation. For some this might just be a way to earn XRN without buying heavy mining equipment and not having to worry about the cost of electricity.
SaroWrite Saronite plans to create a blogging platform where an external advertising company such as Taboola (after getting approved or an alternative will be used). This will enable bloggers to earn XRN on the SaroWrite platform. How will it work? Once Saronite has enough bloggers, we will enable quality native advertisements on the platform. Each blogger will be rewarded every time a viewer clicks on one of the native ads on the platform. Bloggers will be paid in XRN with the equivalent of their earnings on the ad network. The initial idea was to implement Browser mining on SaroWrite, however that might turn off some readers and some Anti-Virus programs will detect this as malware on the SaroWrite platform.
Specifications 90 Million total supply 120 Second block time Cryptonight Heavy algorithm Proof of Work Service Nodes High level of privacy
