• SINE PARI with the ticker of SOF is a FRC-20 Decentralized token on the Fantom blockchain.
• Sine Pari has smart contract capabilities on the EVM with almost instant transaction speeds and WITHOUT EQUAL scalability.
• We believe that the next wave of Web3 computing innovation along with entirely new sectors both public and private will be built on Decentralized technology.
• Decentralized technologies offer a digital open to democratized systems that can provide the infrastructure to power tomorrow’s public and private institutions.
• SINE PARI Realizing that Web3 potential will depend on collaboration between government and the private sector to develop regulatory frameworks that encourage innovation while managing the risks inherent in different applications.
Sine Pari is a (DAG) Directed Acyclic Graph.
A directed acyclic graph (DAG) is a conceptual representation of a series of activities. The order of the activities is depicted by a graph, which is visually presented as a set of circles, each one representing an activity, some of which are connected by lines, which represent the flow from one activity to another. Each circle is known as a “vertex” and each line is known as an “edge.” “Directed” means that each edge has a defined direction, so each edge necessarily represents a single directional flow from one vertex to another. “Acyclic” means that there are no loops (i.e., “cycles”) in the graph, so that for any given vertex, if you follow an edge that connects that vertex to another, there is no path in the graph to get back to that initial vertex.
Why Are Directed Acyclic Graphs Useful?
DAGs are useful for representing many different types of flows, including data processing flows. By thinking about large-scale processing flows in terms of DAGs, one can more clearly organize the various steps and the associated order for these jobs. In many data processing environments, a series of computations are run on the data to prepare it for one or more ultimate destinations. This type of data processing flow is often referred to as a data pipeline. As an example, sales transaction data might be processed immediately to prepare it for making real-time recommendations to consumers. As part of the processing lifecycle, the data can go through many steps including cleansing (correcting incorrect/invalid data), aggregation (calculating summaries), enrichment (identifying relationships with other relevant data), and transformation (writing the data into a new format).
Sine Pari utilizes open source Fantom
Intro to Fantom
Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform.
Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.
Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized and open sourced.
Fantom tackles the problem at the core: its high-speed consensus mechanism, Lachesis, allows digital assets to operate at unprecedented speed and delivers dramatic improvements over the current systems.
Unlike other solutions, Fantom does not sacrifice security and decentralization in favor of scalability.
Indeed, the advantages brought by Fantom are not merely pure performance; its modular architecture allows for full customization of blockchains for digital assets, with different characteristics tailored to their use-case.
Fantom also offers exceptionally high levels of security by using a leaderless Proof-of-Stake protocol to secure the network.
Fantom’s aBFT consensus, called Lachesis, is capable of scaling to many nodes around the world in a permissionless, open environment, providing a good degree of decentralization. It does not use Delegated Proof of Stake, and has no concept of “Masternodes”.
How does Fantom work?
Fantom is modular
Lachesis represents one layer, the consensus, of the blockchain technology stack and can be plugged into any distributed ledger.
Lachesis powers Fantom’s Opera mainnet deployment, that uses the Ethereum Virtual Machine (EVM) and it’s compatible with Ethereum.
The modularity makes Fantom exceptionally flexible. Developers can port their existing Ethereum-based dApps on Fantom Opera mainnet in a matter of minutes, substantially upgrading the performance and lowering the costs.
Fantom is secure and environmentally friendly
Fantom is secured by Proof-of-Stake. Unlike Proof-of-Work, used by Bitcoin and Ethereum, Proof-of-Stake prevents centralization and saves electricity.
Lachesis can provide institutional-grade security to distributed networks. Fantom offers absolute finality, which means that transactions can never be reverted like in networks with probabilistic finality.
The consensus mechanism can also scale to hundred of nodes, increasing decentralization and therefore security.
Lastly, Lachesis is leaderless. By removing leaders, security doesn’t rely on a small set of actors.
Fantom is open
Fantom is open-source
Fantom is open-participation
Fantom is based on Lachesis, an innovative aBFT consensus.