SIVS

What is SIVS?

SIVS brings EVM-compatible programmability and native cross-chain communication with SIVS using an innovative consensus of Proof of Authority(PoA)

Why is SIVS designed as a separate chain from SIVS?

The execution of a Smart Contract may slow down the exchange function and add non-deterministic factors to trading. Even if that compromise could be tolerated, it might be a straightforward idea to introduce a new Virtual Machine specification based on Tendermint, based on the current underlying consensus protocol and major RPC implementation of SIVS. But all these will increase the learning requirements for all existing dApp communities, and will not be very welcomed.

How does SIVS work? What is the architecture and consensus used?

SIVS relies on a system with Proof of Authority (PoA) consensus that can support short block time and lower fees.

There will be fewer validators on SIVS testnet.

Can you tell more about Proof of Staked Authority(PoSA)? What is it?

PoSA is a combination of PoA and PoS. Blocks are produced by a limited set of validators, they are elected in and out based on a staking based governance. Validators take turns to produce blocks in a PoA manner

What are the benefits for developers to build on SIVS?

EVM-compatible: SIVS supports all the existing SIVS tooling Fast block time, cheaper cost
Native cross-chain trasfer & communication: SIVS DEX remains a liquid venue of exchange of assets on SIVS and SIVS"

What are the benefits for developers to build on SIVS?

SIVS opens the gate for users to take advantage of the fast transferring and trading

What make SIVS different?

Key Innovations:

Proof-of-authority Consensus
Native Cross-Chain Communication
Expand the use cases of SIVS token

SIVS is EVM-compatible. What does that mean?

EVM means SIVS Virtual Machine. Any smart-contract written to run in EVM can be easily ported to SIVS.

Can developers make hybrid Dapps using both SIVS and SIVS in one single Dapp?

Yes, with the help of native cross-chain functions