Introduction

In the rapidly evolving landscape of blockchain technology, the need for innovative and sustainable models is crucial. SolHash introduces a novel approach to network participation and value distribution by aligning node ownership with coin ownership. This whitepaper details the SolHash ecosystem, its unique features, and the mechanisms that drive its operation.

Overview of SolHash

SolHash is a blockchain network where each coin represents ownership of a node. With a total supply of 2.147 million coins and an equal number of nodes, SolHash ensures a one-to-one relationship between coins and nodes. This unique structure not only simplifies node management but also aligns incentives between network participants and the overall health of the network.

Key Features

• 1 Coin = 1 Node: Each SolHash coin corresponds to one node on the network.
• Fixed Supply: The total supply is capped at 2.147 million coins, ensuring a stable and predictable ecosystem.
• Non-Diminishing Supply: Coins are used for gas fees but are placed back into the "eco-pool," maintaining the total supply.
• eco-Pool Mechanism: The "eco-pool" is a reserve where coins used as gas fees are stored, ensuring continuous liquidity and network stability.

Network Structure

Node Ownership and Operation

Each SolHash coin grants the owner a node in the network. Nodes are responsible for processing transactions, validating data, and maintaining network integrity. The decentralized nature of the network ensures that no single entity can control the entire network, promoting fairness and resilience.

Gas Fees and Eco-Pool

• Gas Fees: Transactions and smart contract executions on the SolHash network require gas fees, paid in SolHash coins.
• Eco-Pool: Coins spent on gas fees are not destroyed but returned to the eco-pool. This mechanism maintains the total coin supply and ensures liquidity for future transactions.

Technical Specifications

• Total Supply: 2,147,000 SolHash coins
• Total Nodes: 2,147,000 nodes
• Consensus Mechanism: Proof of Stake (PoS), Proof of Work (PoW)
• Transaction Speed: average block time, 100,000 transactions per second (TPS)
• Smart Contract Capability: compatibility with Ethereum Virtual Machine (EVM)

Economic Model

Coin Distribution

The total supply of 2.147 million coins will be distributed as follows:

• Initial Distribution: Initial coins will be sold to early investors with a floor price of $900 per coin, with 20% remaining in the eco-pool fund. This fund will be distributed to the economy, as and when needed, to later participanting coin holders (node owners) on the network.
• Ongoing Participation: New participants can acquire coins through the official website or by earning them through network activities.

Incentives

• Node Operators: Node operators earn rewards through transaction fees and other network incentives, which are reinvested into the network or exchanged as desired.
• Eco-Pool Benefits: The eco-pool ensures that coins used as gas fees are recycled back into the network, maintaining liquidity and value stability.

Use Cases

• Decentralized Applications (DApps): SolHash provides a robust platform for deploying and running decentralized applications.
• Transaction Processing: The network supports efficient and secure transaction processing for various use cases.
• Smart Contracts: SolHash supports smart contracts, enabling complex interactions and automated processes.

Governance

The SolHash network is governed through a decentralized model where coin holders have a say in major decisions, including protocol upgrades and changes. Governance mechanisms ensure that the network evolves in a way that benefits all participants.

Roadmap

• Q1 2024: Initial coin distribution.


• Q2 2029: Launch of SolHash network, Integration of smart contract functionality and DApp support.


• Q3 2030: Expansion of network features and governance mechanisms.


• Q4 2031+: Continuous improvement and community engagement.

Conclusion

SolHash represents a forward-thinking approach to blockchain network management and coin utility. By aligning coin ownership with node operation, SolHash ensures a stable and equitable ecosystem where each participant has a direct stake in the network's success. The eco-pool mechanism further supports long-term sustainability, making SolHash a promising addition to the blockchain landscape.

For further information, please visit our website or contact our team.