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Chain Audit & Analytics by ContractChecker
SatoshiChain Phases
Connect To SatoshiChain
Add SatoshiChain to MetaMask, Brave, Trust Wallet, or other EVM-compatible Web3 Wallets:
Network name: SatoshiChain
RPC URL: https://mainnet-rpc.satoshichain.io/
Chain ID: 12009
Symbol: SATS
Block Explorer URL: https://satoshiscan.io
Cross-Chain Bridge:
DEFI FOR BITCOIN
What is SatoshiChain?
SatoshiChain
SatoshiChain is an EVM blockchain powered by bridged BTC as the base layer token. As a proof-of-stake blockchain, SatoshiChain seeks to bring scalability, security, robustness, and utility to Bitcoin. In short, the SatoshiChain doesn’t compete with Bitcoin. Instead, it aims to harmonize with the original crypto and enhance it with smart contract capability.
SatoshiChain enhances $Bitcoin to bring Decentralized Finance applications like NFTs, games, and decentralized applications (dApps) to the $Bitcoin community. Unfortunately, $Bitcoin cannot support any of these applications (or any other dApps) as is.
SatoshiChain fixes this.
SatoshiChain utilizes the Satoshi currency ($SATS). A single bitcoin ($BTC) is divisible, just like dollars, and the smallest unit is called a Satoshi. When you bridge your $BTC to SatoshiChain, you receive $SATS in your wallet. There are 100 million Satoshis ($SATS) in one bitcoin, meaning each Satoshi is worth 0.00000001 BTC.
The bridge works both ways, so when you withdraw your $SATS out of SatoshiChain, you receive $BTC in your Bitcoin wallet according to the same conversion rate.
Choose your path forward
What are you looking to do?
Main Features
SATOSHICHAIN RELIES ON THE FOLLOWING KEY PRINCIPLES:
IBFT Proof-of-Stake
- Community users can participate in The network which ensures a permissionless and decentralized blockchain
EVM-compatible
- Existing Ethereum smart contracts can easily be migrated to SatoshiChain without requiring any further modification.
Decentralized Governance
- Community members (token holders) can make proposals, delegate, vote on the blockchain parameters & events, and influence governance decisions.
Cross-chain compatibility
- SPES BaS is the blockchain technology that houses all the decentralized applications (dApp) with an innovative ecosystem of fully functional decentralized commerce applications.
Why Choose Us?
An IBFT PoS with built-in systems contracts will be used as a core consensus algorithm by SatoshiChain.
Any account staking & passing community authority and authentication, will be allowed to validate.
The average block time is expected to be 2 seconds.
SatoshiChain has pre-deployed contracts for staking.
Initially, 21 nodes will be running to comply with BFT (Byzantine Fault Tolerance).
If the block is not produced or accepted within the expected time, the next validator would take over.
Block size will be dynamic and decided by the Validator set. The initial block gas limit is 30,000,000.
There is no newly minted block reward for block production. New $SAT can never be minted.
The number of validator nodes in the chain will be 21 minimum.
All transaction fees will be valued in $SAT but consist of bitcoin.
SATOSHICHAIN SMART CONTRACT
The management of the validator along with their selection, reward distribution, and staking are all performed by the smart contracts of the protocol. These contracts are deployed in the genesis block. On the SatoshiChain, there are six different types of smart contracts.
01
GOVERNANCE CONTRACT
manages validator proposals and votes.
02
VALIDATOR SET CONTRACT
ranks validators and decides which are to be elected or removed.
03
VAULT CONTRACT
receives all the withdrawal fees from the chain bridge.
04
STAKING CONTRACT
manages staking operations and the distribution of block rewards.
05
SLASHING CONTRACT
manages disciplinary actions against validators who do not follow the predetermined rules of the chain.
06
BRIDGING CONTRACT
manages token exchange between the Bitcoin blockchain and the SatoshiChain.
What is SatoshiChain ($SC) Token?
$SC token is the governance token that gives holders the right and ability to vote and decide on decisions that affect the entire SatoshiChain ecosystem, as well as enables validators to contribute to the SatoshiChain ecosystem.
SatoshiChain
Token Distribution
Allocation
Amount
Vesting Period
Ecosystem Fund
25% (25 million)
5% monthly over 20 months
RPGF
20% (20 million)
5% monthly over 20 months
Airdrop
19% (19 million)
5% monthly over 20 months
Core Contributors
19% (19 million)
25% every 6 months
Investors
17% (17 million)
25% every 6 months
*All token allocations include 15% unlocked upfront, then vest according to the above vesting periods.
Showcase
Featured Projects in the SatoshiChain Ecosystem:
SatoshiChain Roadmap
🚀 step by step to the moon 🚀
Design and Conception: Initial design and planning of the SatoshiChain platform.
Website Launch: Launch of the official SatoshiChain website.
Devnet Launch: Launch of the SatoshiChain devnet, a test environment for developers to test and refine the platform.
Whitepaper Completion: Completion and release of the SatoshiChain whitepaper, detailing the technical specifications and design of the platform.
Validator, Ambassador, and Partnership Recruitment: Recruitment of validators, ambassadors, and partners to help build and promote the SatoshiChain platform.
Advisory Board Formed: Formation of the Advisory Board to provide guidance and support to the SatoshiChain team.
Testnet Launch: Launch of the SatoshiChain testnet, allowing for the testing and refinement of the platform’s features.
Mainnet Launch: Launch of the SatoshiChain mainnet, allowing for the use and deployment of decentralized applications on the platform.
$SC Token Launch: Launch of the SatoshiChain $SC token, used for governance, validation, and other platform-related activities.
$SC Community Airdrop: Distribution of $SC tokens to the SatoshiChain community as a reward for their support.
First CEX Listings: Listing of the $SC token on one or more centralized exchanges (CEX), allowing for buying and selling of the token.
Loyalty Program Launch: Launch of a loyalty program, rewarding platform users for their engagement and contributions.
Additional CEX Listings: Listing of the $SC token on additional centralized exchanges.
Additional Partnership Recruitment: Recruitment of additional partners to expand the reach and impact of SatoshiChain.
Grant Program Launch: Launch of a grant program to provide funding and resources to developers building on the SatoshiChain platform.
Staking Program Launch: Launch of a staking program, allowing for the passive earning of $SC tokens through holding and staking them.
Begin Testnet Transition from PoA to PoS: Beginning of the transition from a Proof of Authority (PoA) consensus mechanism to a Proof of Stake (PoS) mechanism on the testnet.
SatoshiChain DAO Launch: Launch of the SatoshiChain Decentralized Autonomous Organization (DAO), allowing for decentralized governance and decision-making on the platform.
Expansion of the Grant Program: Expansion of the grant program to provide more funding and resources to developers building on SatoshiChain.
Begin Mainnet Transition from PoA to PoS: Beginning of the transition from a PoA consensus mechanism to a PoS mechanism on the mainnet.
Additional Validators Added: Addition of additional validators to increase the security and decentralization of the SatoshiChain platform.
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Communıty
Join The Community
BUILDERS WANTED
Building a DeFi app, game, NFT project, DAO or any other crypto application? Existing projects, protocols, dApps, and exchanges are welcome too! Get in touch to inquire about bringing your project to SatoshiChain.
VALIDATORS WANTED
Want to operate a validator node on the first EVM compatible bitcoin blockchain?
Earn $SC rewards and a share of transaction fees, paid in BTC.
Limited Spots available!
Contact us to apply to be a validator.