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Introducing Soloneum

Soloneum is pioneering a new era in digital finance with it’s novel XEVM technology built on it’s secure layer-1 resource efficient Proof-of-Work blockchain.

This groundbreaking technology not only enables global-scale capacity but also ensures backward compatibility with EVM systems and Solidity smart contracts. We enable DeFi projects and assets to easily be ported over from existing EVM blockchains in a matter of minutes.

At the core of Soloneum's mission is the ambition to solve the wide-ranging problems found in cryptocurrency, including: the inability to scale, ineffective governance models, subpar economics and poor utility. Soloneum envisions the creation of a vast, self-sustaining system that promises to deliver enormous value to people across the globe.

Key Highlights

Novel XEVM global scaling technology,
Layer-1 resource efficient Proof-of-Work Security,
Compatibility with EVM and Solidity,
20.000 TPS peak EVM performance target (without sharding, or extra layers),
Dynamic and adaptive economic model,
Coinholder-focussed tokenomics and emissions schedule orientated towards fast growth,
Sound and responsible governance model.

Upgrading EVM to XEVM
We aim to address the scalability issues of EVMs by incorporating our new **XEVM** technology based on advanced computing research and parallel processing techniques. We have reengineered the virtual machine to support full parallelism while maintaining backward compatibility with EVM infrastructure. Ethereum is limited to just 14 transactions per second, whereas our innovative approach inspired by the UTXO model, termed '**Keyframe chains**' enables us to process billions of transactions per day.

Details
Blockspeed: 15 sec
TPS: Initial performance target of 20.000 TPS, R&D for more.
Consensus: Proof-of-Work
Scaling: XEVM technology
Algo: CPU / GPU - Algo TBC
Smart-Contract language: Solidity
Governance: On-chain & DAO
Testnet: Q1-Q2 2024
Mainnet: Q3 2024

Timeline 2024

2024 Q1 - Presales and Growth: Strategic marketing, provide compelling incentives to encourage early adoption and commitment and launch public presales to provide early funding with VCs.

2024 Q2 - Testnet: Meticulously plan and execute the deployment, thoroughly test all functionalities, and actively engage the community for comprehensive feedback and bug reporting

2024 Q3 - Mainnet: Rigorously conduct final security audits, ensure scalability and stability, communicate with stakeholders, and implement a strategic marketing campaign to drive user adoption and community support.

2024 Q4 - Products and Services: Launch products and services, via a meticulously plan and execute the deployment, conduct thorough testing to guarantee functionality and reliability, and on-going marketing activities for promotion of the services.

Core Team
Paul: Founder
Martin: Head of Marketing
Pat: Core & Lead Developer
Van: Head of Product

We're Hiring!
We are currently expanding our team and are in search of more blockchain/node developers. Our highest priority right now is a Senior Developer who is proficient in GoLang; this skill is a top quality must-have, along with extensive knowledge of Geth.

We are also seeking junior developers to assist with performance testing of our technology and data analysis of the Ethereum Blockchain.

Official Links
Website: www.soloneum.org
Whitepaper: https://www.soloneum.org/Whitepaper-v0.1.pdf (first v0.1 release of whitepaper, more in-dept details to follow suit the coming weeks).

Community
Discord: https://discord.soloneum.org
Telegram: https://telegram.soloneum.org
Twitter: https://x.com/soloneum
Youtube: https://youtube.com/@soloneum

We will, of course, continue to regularly update Bitcointalk with our ongoing achievements and progress. If you have any questions, please let us know, and we will be happy to answer them. We'll continue to update this post as we have more information for you.

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