Blockchain is a distributed ledger technology that uses cryptography and consensus mechanisms to securely record and verify transactions on a decentralized network of nodes.
SatoshiChain relies on the Polygon Edge framework to build its standalone, EVM-compatible blockchain. EVM stands for Ethereum Virtual Machine, which means that this smart contract-capable platform will be compatible with dApps deployed on Ethereum. EVM is at the core of the Ethereum blockchain and plays an instrumental role in creating decentralized applications. In particular, it allows developers to build and deploy solutions and protocols much more quickly (as opposed to building them from scratch). Indeed, EVM-compatible protocols incorporate a robust and proven architecture and are thus a game-changer for DeFi product developers. And in addition to existing protocols, SatoshiChain will propose its own smart contracts, thus building upon the extensive DeFi ecosystem. Bitcoin and other payment-focused / store-of-value blockchains haven’t been able to invoke the same demand as smart contract-capable platforms. In contrast, SatoshiChain’s ability to improve Web3 ecosystem productivity promises to increase blockspace demand. This event will equally play a part in increasing demand for the native cryptocurrency of SatoshiChain, the $SAT token. Given SatoshiChain’s capacity for high throughput and decentralization, token users will not need to suffer the same user concerns associated with many PoW tokens (including low transactions per second, public chain congestion, centralized mining, and high transaction fees). Moreover, SatoshiChain will conserve a high degree of decentralization due to its PoA architecture.