The Great Swap Challenge: Prepare You for the Future Network!

The Great Swap Challenge: Prepare You for the Future Network!

Dear Sinovators, In March 2023, we removed the InfinityNode technology and added new components such as the glorious KawPow mining algorithm, an efficient Proof-of-Stake, and a stable blockchain. You can read back the Medium article here.We released a new wallet and proposed that the InfinityNode owner claim their SIN coins. We now have a stable

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Mandatory Wallet Upgrade!

Mandatory Wallet Upgrade!

Dear Sinovators, On the 22nd of February, 2023, occurred a hardfork that has been explained in this announcement: here. This hard fork was necessary because of the large security and stability issues brought by the InfinityNode technology. This technology requires consequent refactoring to be able to host data. The rewind version is the heart of

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MANDATORY: InfinityNode Owners must claim their Rewards!

MANDATORY: InfinityNode Owners must claim their Rewards!

Dear Sinovators, The recent hardfork will remove the InfinityNodes, and they will no longer receive rewards. The hardfork will mint the coins to fill all the existing nodes of their remaining blocks. The remaining blocks are all the blocks from the hardfork blockheight to the node expiration. For instance, if you have a MID node

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Sinovate releases a new Imminent Hardfork!

Sinovate releases a new Imminent Hardfork!

Dear Sinovators, The blockchain will have a new hardfork that removes the issues we face in the network. This hardfork occurs on the 21st of February, 2023, at 1 PM GMT +0. What are the issues? The network is facing instability in the maintenance of InfinityNodes, the efficiency of staking, and the need for more support for

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Update of January 2023: Situation, Evolution, and Perspectives

Update of January 2023: Situation, Evolution, and Perspectives

Dear Sinovators, The development team wishes you a happy new year 2023 and we believe this year is going to be tremendous for the cryptocurrency space and our project. 2022 was a tough year and the project is preparing for big changes in its future. Let’s resume together the situation and the perspective of SINOVATE. 4

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SINOVATE Financial Statement: December 2021

SINOVATE Financial Statement: December 2021

SINOVATE (SIN) provides transparency across business and development-related activities to its community. One of the transparency efforts includes financial updates, where all monthly expenditures incurred are provided. We will publish the financial reports continuously forever. Please see the distribution details for December 2021 below: Breakdown of Treasury Treasury funds fee from every mined block: 10% Marketing: 25 % Exchange…

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SINOVATE Bi-Weekly Report 15/10/2021 ~ 30/10/21

SINOVATE Bi-Weekly Report 15/10/2021 ~ 30/10/21

The BETELGEUSE mainnet upgrade had successfully passed the testnet phase some time ago. Furthermore, it requires additional development to fix compatibility issues among our custom Proof-of-Stake, Deterministic InfinityNodes, and the Bitcoin core codebase of 0.21x. We have been developing our upcoming mainnet for a while, but we have encountered unforeseen delays. Delays always happen for code…

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SINOVATE Bi-Weekly Report 30/09/2021 ~ 15/10/21

SINOVATE Bi-Weekly Report 30/09/2021 ~ 15/10/21

The BETELGEUSE mainnet upgrade had successfully passed the testnet phase some time ago. Furthermore, it requires additional development to fix compatibility issues among our custom Proof-of-Stake, Deterministic InfinityNodes, and the Bitcoin core codebase of 0.21x. We have been developing our upcoming mainnet for a while, but we have encountered unforeseen delays. Delays always happen for code…

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SINOVATE Bi-Weekly Report 15/09/2021 ~ 30/09/21

SINOVATE Bi-Weekly Report 15/09/2021 ~ 30/09/21

Starting this week, we will be releasing Bi-Weekly reports instead of weekly reports. This was decided to have more content on our reports. The BETELGEUSE release had successfully passed the testnet phase some time ago. Furthermore, it requires additional development to fix compatibility issues among our custom Proof-of-Stake, Deterministic InfinityNodes, and the Bitcoin core codebase of 0.21x.…

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SINOVATE Weekly Update 30/08/2021 ~ 06/09/21

SINOVATE Weekly Update 30/08/2021 ~ 06/09/21

The BETELGEUSE release has successfully passed the testnet phase. Still, it requires additional development to fix some compatibility issues between our custom codebase and the Bitcoin core. The recent resolution by the SINOVATE decentralized autonomous organization (DAO) is to combine BETELGEUSE with CONSTELLATION to reduce upgrade workloads and avoid repetitive updates for users and exchanges.…

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