Defi, Games, NFTs and more - For Bitcoin Users
SatoshiChain is an EVM-compatible blockchain that aims to complement the original Bitcoin cryptocurrency
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What is SatoshiChain?
SatoshiChain is a proof-of-stake blockchain that aims to complement the original Bitcoin cryptocurrency by bringing scalability, security, robustness and utility to Bitcoin. It utilizes the Satoshi currency ($SAT) and allows for the use of Decentralized Finance applications such as NFTs, games, and decentralized applications (dApps) for the Bitcoin community. The bridge also allows for easy conversion between BTC and SAT.
SatoshiChain is an EVM-compatible blockchain that aims to complement the original Bitcoin cryptocurrency. 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, $Bitcoin cannot support any of these applications (or any other dApps) as is.
SatoshiChain fixes this.
SatoshiChain utilizes the Satoshi currency ($SAT). 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 $SAT in your wallet. There are 100 million Satoshis ($SAT) in one bitcoin, meaning each Satoshi is worth 0.00000001 BTC.
The bridge works both ways, so when you withdraw your $SAT out of SatoshiChain, you receive $BTC in your Bitcoin wallet according to the same conversion rate.
Connect To SatoshiChain Testnet
Network name: SatoshiChain Testnet
RPC URL: https://rpc.satoshichain.io/
Chain ID: 5758
Block Explorer URL: https://satoshiscan.io
Get Testnet $SAT:
SATOSHICHAIN RELIES ON THE FOLLOWING KEY PRINCIPLES:
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SATOSHICHAIN SMART CONTRACT
The management of the validator along with their selection, reward distribution, and staking are all performed by the smart contracts of the protocol. These contracts are deployed in the genesis block. On the SatoshiChain, there are six different types of smart contracts.
manages disciplinary actions against validators who do not follow the predetermined rules of the chain.
What is SatoshiChain ($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.
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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.