Utilizing the blockchain offers a unique opportunity by allowing the use of our coin, SI Dinar which will act as a primary means offending for the production of AI-Based Sibook. Once the Si-Books Repository developed, it will be the only means of having credit on the platform with regular enhancements time to time for latest curriculum. This ensurescontinuous demand for the coin. The average user will not know anything about the coin. He will be buying credit on the Sibook Content Repositoryat a rate he understands in his local Fiat currency. But the credit will be converted to SI Dinar in the system. SI Dinar is unique as it’s one of the few cryptocurrencies backed bye real-world commercial business, meaning that as long as the digital repository of digital contents exist and students exists the Coin will not lose its value. In addition to the anticipated increase in Coin price with respect to demand and fiat currency inflation.
SI Dinar is a permissioned blockchain, constructed from scratch in Golang. It has been designed and implemented to be robust, scalable, efficient, secure, reusable, generic, and provides high through put. It is intended to use SI Dinar Chain in many different decentralized applications besidesits cryptocurrency. These applications will be in different sectors such as finance, insurance, and government. It uses a proof-of-stake algorithm that does not depend on any implementation of the coinage concept used by other proof-of-stake blockchains. Its cryptocurrency will be used in paying for the Si-Book Interactive Digital Content Repository Operated services. So these cryptocurrency transactions should be validated and executed in lower than 30 seconds.
It will also be able to handle a large number of transactions simultaneously which can reach thousands of transactions. Transaction execution fees will be very competitive. New cryptography algorithms have been implemented to provide a higher level of security and lower processing power along with more commonly-used SHA256 hashing algorithms. SI Dinar Chain has workload balancing and high availability between all validators.
New cryptography algorithms have been implemented to provide a higher level of security and lower processing power along with more commonly-used SHA256 hashing algorithms. SI Dinar has workload balancing and high availability between all validators.
The block size will be dynamic according to the number of transactions in the transaction pool which will be written in the new block. SI Dinar Chain will be communicating with other blockchains and their smart contracts like Ethereum. As it is intended to run many different decentralized applications (dApps) on its validator with high performance as in the cryptocurrency.
New applications will be added as plugins to their core. This method will enable customers to use these applications the same way Ethereum customers use its smart contracts since each customer can configure their own model for the required application.