About Sugarchain
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FAQ
Sugarchain is an open-source blockchain-powered decentralized digital payments platform. The platform is designed to facilitate peer-to-peer transactions, aiming to offer high speeds and low costs. Sugarchain intends to position itself as a sustainable alternative to Bitcoin. According to the whitepaper, Sugarchain seeks to technically modify the original Bitcoin source code for facilitating faster transactions and lower processing fees.
The platform intends to implement the one-CPU-one-vote policy formulated by Satoshi Nakamoto, thereby making the network resistant to the mining machines—GPUs and ASICs. The one-CPU-one-vote policy ensures decentralized mining and eliminates barriers to entering the mining process. Sugarchain aims to strictly adhere to CPU-only mining, using the YespowerSugar mining algorithm.
Sugarchain also claims to have launched the first blockchain network built-in with Native Segwit. Native Segwit, also called Bech32, is an advanced address formatting system that enables faster transactions and higher scalability. SUGAR is the native cryptocurrency of the Sugarchain network.
Sugarchain was launched on August 24, 2019. The platform was cofounded by Zenny Kim and Volodymyr Biloshytskyi. Kim is the lead developer at Sugarchain, while Biloshytskyi is the mainnet developer and cofounder of CodePillow. SUGAR has a total supply of 1,073,741,824 tokens. The token halving occurs after every 12,500,000 blocks, which takes approximately two years. Sugarchain aims for the network to undergo halving 33 times over a span of 66 years.
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