Sardis Explained: Everyday Language

Release Date: 2023-10-24 10:24:27

Writer: Sardis Network

Sardis is a carefully crafted, horizontally scaled, multichain Layer 1 blockchain ecosystem based on the HPoS consensus (PoS&PoA). It actively operates Bridge, Swap/Dex, and Stake, with 2 mainnets and 1 testnet feature. Sardis is a regulatory-compliant blockchain that has obtained necessary licenses such as FINCEN, BSA, and Utility Token Opinion.

The Sardis Ecosystem disrupts traditional financial services through digital means. The Sardis blockchain network has the potential to revolutionize blockchain solutions and current payment technology with its efficient features, including decentralization, transparency, scalability, security, stability, and low-cost, high-speed horizontal scaling.

Sardis aims to make blockchain technology usable in the real world. While Bitcoin was initially designed to enhance electronic payment security, it came at the cost of being slow and expensive. Although other blockchains have emerged since then, none have truly facilitated the use of cryptocurrencies for everyday transactions. That’s where Sardis comes in. Our ecosystem comprises a blockchain network, a social payment app, stablecoins, and a stablecoin exchange. Together, they enable faster, cheaper, and more secure financial transactions than ever before.

One of the significant advantages of using Sardis is the near-zero fees associated with each transaction. Additionally, transactions occur at a rapid pace, eliminating the need to wait for payment processing like with other systems. Moreover, due to decentralization, users can trust that their information remains safe and secure. Ultimately, Sardis strives to create a new era of public benefit financial systems, simplifying value transfers for individuals.

Sardis possesses a remarkable technology that can handle millions of transactions per second. In most blockchains, each transaction is added to the historical record, making it challenging to modify past data without altering subsequent information. This process ensures accuracy and immutability but introduces efficiency issues as the blockchain’s usage grows. However, Sardis has developed a solution: instead of relying on a single giant blockchain, it utilizes smaller “subnets” that independently process transactions. Consequently, even with millions of users simultaneously, the system remains efficient as each subnet handles its own load. Real-time transaction validation further eliminates the need for waiting.

Thanks to the V+ validation pool, Sardis maintains incredibly low fees. This system ensures fair compensation for Sardis’s validators, who contribute to the smooth functioning of the ecosystem. Since Sardis’s transaction fees are at least 10 times cheaper than those charged by other blockchains for gas fees, validators automatically participate in an additional staking pool, allowing them to earn extra money based on their initial investment. This unique feature positions Sardis as the only blockchain suitable for everyday use, offering low and predictable fees without unexpected charges.

Sardis utilizes a special protocol called hPoS to ensure seamless operations. This protocol combines multiple consensus systems, including PoA and PoS, to create a more robust solution. By combining these systems, Sardis’s hPoS consensus addresses the limitations of each individual system, such as vulnerability to long-range attacks or sacrificing security for speed. The hPoS consensus offers enhanced security while maintaining fast transaction speeds, even with a limited number of nodes collaborating to keep the network running smoothly.

Sardis facilitates digital financial services for individuals without access to traditional banks. With approximately 1.7 billion unbanked individuals worldwide, the need for electronic money transfers, debit card usage, and quick access to cash remains critical. Sardis’s technology will enable these unbanked individuals to experience digital banking at a low cost. Through the Sardis Social Payment System, users can easily transfer digital stablecoins to anyone, regardless of whether they have the Sardis app. Only the recipient’s mobile phone number is required, eliminating the need for lengthy wallet addresses.

Sardis will develop two apps: Forex, and Social Payment, which offer comprehensive financial solutions for integrating blockchain into daily life. These apps enable global collaboration without the use of traditional currency, generating substantial revenue for Sardis. Unlike other blockchains, Sardis’s sustainability does not solely rely on token revenues, preventing excessive costs over time.

The Social Payment app serves as a lightweight platform for accessing blockchain services. It stores the user’s private key, allowing them to perform actions on the blockchain. By connecting the user’s mobile number to a public key, the app simplifies money transfers to others. Leveraging cutting-edge technology, the Social Payment app takes crypto payments to the next level. It instantly converts regular currency, such as US dollars, into stable cryptocurrency upon depositing into the account. The app seamlessly handles currency conversions in the background for every spend or transfer and will offer an instant settlement. Moreover, Sardis surpasses existing payment apps in terms of speed, cost efficiency, security, and energy efficiency.

Sardis offers a personalized crypto experience, including aggregated account data, instant currency conversion, one-click access to the Stablecoin Exchange, mobile money transfers, cash withdrawals, multi-currency accounts, forex trading, nationwide or international money transfers, bill pay, remote check deposit, and more.