SimpleChain is a blockchain infrastructure that simplifies complexity and digitizes the reform of the 10000 chain interconnected industry; SimpleChain does not have a pre dug, non private, or pure POW public chain; It is a public blockchain designed with the concept of one main chain and multiple sub chains,The proof-of-work mechanism of the public blockchain consensus mechanism, which is the only one that has experienced time and scale verification, is adopted, and the open computing bottom layer is combined to ensure the security of the ledger and the continuity of incentives. Through the design of a multi-level distributed value network, SimpleChain supports the deployment and expansion of public blockchain in various business scenarios. The sub chain can set consensus algorithms suitable for its own scenarios according to business needs, form two-way anchors between cross chain nodes and the main chain, and form cross chain transactions with other sub chains to help the sub chain obtain the eventual consistency provided by the main chain while meeting the performance of SimpleChain at thousands of levels per second.SimpleChain has 1. Silicon based consensus, stable and trustworthy PoW+ASIC 2. Effective algorithms, data privacy - privacy and secure computing 3. Free notarization, 10000 chain interconnection - open cross chain relay 4. Performance efficiency, unlimited scalability - TPS up to 10000 levels+infinite parallelism+low consumption 5. Deep industrial application, blockchain+land frontier 6. Innovative features of distributed finance+NFT, open ecology - community.In order to build an open, transparent, and unanimously recognized distributed community, the principle of openness is written into the Genesis block of SimpleChain as the operating mechanism. The initiator and initial operator of SimpleChain is the Chain Foundation, a non-profit organization with the mission of promoting the prosperity of an open ecosystem on the chain. The foundation neither pre excavates nor retains any digital assets. The initial operating capital of the foundation in the first year comes from a 5% donation in the continuous mining reward for miners across the entire network. Afterwards, the proportion of donations is halved annually until the community is fully self operated. SimpleChain is committed to aggregating the global research and development forces of the community, emphasizing compatibility and practicality, and promoting the evolution of blockchain technology and the establishment of a distributed digital economy ecosystem.
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