About SWaRM
Swarm ($SWRM) is an innovative blockchain platform designed to address the challenges of scalability, efficiency, and cost-effectiveness in the decentralized ecosystem.
Introduction
Swarm introduces custom features and optimizations to create a high-performance network.
The blockchain industry continues to evolve rapidly, with new platforms emerging to address the limitations of existing networks. Swarm ($SWRM) enters this landscape as a purpose-built blockchain that combines the proven foundation of the Waves ecosystem with custom enhancements designed to meet the demands of modern decentralized applications (dApps) and financial protocols.
Our Vision
Our Mission
Prioritize efficiency, scalability, and adaptability, ensuring that Swarm can evolve to meet the changing needs of its users and the broader blockchain ecosystem. Realizing, meeting the needs of our users means providing them with actual products and services that take advantage of the unique characteristics of the immutable blockchain ledger while leveraging the capabilities of decentralized programmable applications. We believe a strong blockchain ecosystem should go far beyond just providing a secure adaptive technology platform, we feel it should also make an irreplaceable impact on our lives by delivering use cases of formidable empowering applications, entertaining game design, or innovation in decentralized finance.
Network Architecture
Swarm is built on a modified version of the Waves blockchain, incorporating several key enhancements and custom features:
– Dynamic Reward System: Adjustable through node voting, allowing for greater flexibility in network economics
– Sponsorship Function: Allows alternative tokens to be used as gas, enhancing user experience and network utility
The network architecture is designed to prioritize efficiency, scalability, and adaptability, ensuring that Swarm can evolve to meet the changing needs of its users and the broader blockchain ecosystem.
Block Time
which is 4 times faster than the original Waves network
Address Prefix
Compared to 3p for Waves
Activated Features
Features activated by default at genesis
Fly With Us
By focusing on efficiency, cross-chain connectivity, and sustainable tokenomics, Swarm aims to create a robust platform capable of supporting a wide range of decentralized applications and financial services.
Why us
Key aspects of the consensus and node operation include
Initial Node Operators
Approximately 10 trusted node operators, each subject to KYC procedures
Gradual Decentralization
A phased approach to increasing the number of node operators and reducing centralization
Leasing Activation
Accelerated Leased PoS activation of only 4 hours compared to 16 hours on Waves, due to faster block times
Minimum Liquidity Contribution
2,500 USD per 1st Gen Master Node operator, representing a 2.5% stake in the network
Source Code Access
Initially closed-source, with nodes and explorer publicly accessible
LPoS Security And Convenience
Security 1st w/ Leased Proof-of-Stake Zero funds are directly accessible on master nodes due to LPoS features. All wallets are protected by a 15 word key phrase recovery and private password encryption. At no time during leasing does anyone else have access to your funds or keys
Technical Advantages
Swarm incorporates several technical improvements over its predecessor, including:
- – Faster Leasing Activation: 4 hours compared to 16 hours on Waves
- – Continuous Transaction Flow: Achieved through optimized reward distribution mechanisms
- – Self-claim Mechanism: Allows users to claim rewards if the distribution bot is unavailable
These enhancements contribute to a more efficient and user-friendly blockchain experience.
Cross-chain Connectivity
Swarm introduces an innovative approach to cross-chain connectivity, leveraging secure telegram bots as intermediaries for token transfers between networks.
Key features of the cross-chain solution include:
- – Telegram Bot Intermediaries: 24/7 operation to facilitate secure token transfers
- – Approval System: Generates addresses and memo/hex values for transfer validation
- – Smart Contract Integration: Contracts on both source and destination chains to ensure transfer integrity
- – Security Focus: Minimizes risks associated with traditional web gateways
This system enables Swarm to interact with other blockchain ecosystems efficiently and securely, expanding its utility and potential user base.