SonicX BlockChain(SOX)
We are pleased to announce a blockchain platform built on trust, efficiency and security. This is brought to you by experts with industry experience in retail and payment systems. We are called SonicX , and our aim is to deliver on a faster, more efficient and secure ecosystem for gaming and payments. The decentralized platform is a fork of the Tron blockchain. It makes use of a delegated Proof-of-Stake consensus mechanism with digital governance. We are also a more community oriented platform that brings a marketplace for developers to provide distributed applications (DApps) to users. The ecosystem is user friendly and open to all.
The platform offers a payment gateway for remittance services, a cryptocurrency exchange, lending of digital assets, direct P2P (Peer-to-Peer) payments, content storage and a blockchain for e-gaming. All these are provided using a decentralized network that runs on the SOX token. Our philosophy is based on direct P2P transactions that are transparent on a public digital ledger. This provides accountability to verify claims. When secured on the blockchain it also becomes immutable from tampering and censorship. SOX is also streamlined for e-gaming, allowing a faster and easier way to play and collect winnings using a digital exchange that is integrated with the platform. SOX can also be a frictionless way to transfer value for remittance payments since it is direct and at lower costs.
As a token holder of SOX, there are many benefits. Token holders have the right to vote on the network to approve consensus on policies and implementations like new updates. It gives a say to the community rather than have a centralized council decide everything for everyone. SOX can also be used in the electoral process by block producers called Supernodes as a form of staked funds to establish commitment to the network. SonicX also provides incentives for SOX using a model that rewards those who hold tokens and participate in the ecosystem. Specific token holders called nodes get SOX for helping maintain the network with specific roles. A crucial part of this system are the role of masternodes. The masternodes help process payments and transaction verification and are incentivized for their role. Another incentive for all holders (not just nodes) is the coin burn, which increases value through digital scarcity.
SonicX will be a fork of the TRON protocols to address the need for a more scalable network. The architecture of TRON provides a way to handle real world transactions that is at the same time decentralized, thus preventing any central authority from controlling the network. SonicX improves upon this by a digital governance system that is based on dPos called SonicX Consensus Mechanism or SXCM. The problem with current blockchains is the processing speed when it comes to large volumes of transactions. The issue is that the blocks require validation among the majority of nodes on the network. From a scalability standpoint, the problem is if you are going to execute code on each node, it slows down the network. The more nodes you add for validating blocks, the slower your network becomes. What SonicX does is delegate Supernodes that are elected by the community to efficiently produce blocks while other nodes validate transactions on the network.
Here are the main comparisons between TRON and SonicX.
The main difference between TRON and SonicX is the speed or transaction velocity. SonicX will achieve higher transaction processing through the SVM (SonicX Virtual Machine) optimized architecture. SVM was built on a meticulous design paradigm and fine-grained underlying operation code. From a business standpoint, the SonicX methodology of processing transactions is modeled for real world use. SonicX then reaches faster transaction rates with the help of masternodes. This will allow SonicX to process upwards of 5,000 TPS (Transactions Per Second).
Although both have 27 block producers, there is also a difference between Super Representative and Supernode. Both commit processing power and high stakes to the ecosystem, but Supernodes have distributed governing power with masternodes, which makes SonicX more decentralized. The masternodes are not limited to 27, so you can have hundreds or thousands of them on the network. More decentralization brings a more community driven decision making. While both platforms are similar, SonicX will cater more on gaming and payments.
Another feature masternodes offer is instant payments, much like a Layer 2 solution for scaling. With masternodes, payments do not require all nodes to process the request. Instead the masternodes can process payment requests directly, without contention from other nodes. That makes it faster to process than in traditional blockchain systems. Once processed it then goes through the consensus mechanism to verify the transaction before it is validated into a block.
The future of SonicX also has great things in store for privacy, content storage and enhanced security. For your privacy, the SonicX blockchain will support a Token Verification Infrastructure that will use Zero Knowledge Proof for more private transactions. This will allow provable payments without revealing a recipient or amount of the transaction. The SonicX blockchain provides the option to make anonymous payments along with standard public payments.
