Splendor Basics
What is Splendor Blockchain?
Splendor Blockchain is a decentralized platform built on the Substrate framework, offering a secure, scalable environment for decentralized applications and financial transactions.
What programming languages are used in Splendor Blockchain?
Splendor Blockchain utilizes Solidity and Rust as its primary programming languages for smart contract development.
How does Splendor Blockchain ensure privacy in transactions?
Splendor Blockchain incorporates default zero-knowledge proofs in its SRC26 smart contract, ensuring enhanced privacy for all transactions.
What makes Splendor Blockchain transactions faster and more cost-effective?
Splendor Blockchain boasts faster and more cost-effective transactions due to its innovative architecture and the use of Solidity and Rust programming languages.
What is the smallest unit of Splendor and how divisible is it?
The smallest unit of Splendor is called a "toshi," and it is divisible. This divisibility enhances flexibility in transactions and usability.
How does Splendor Blockchain differ from Bitcoin in terms of scarcity?
Splendor is more valuable than Bitcoin due to its capped total supply of 21 million coins and a unique reward system. The last Splendor coin will be mined in the year 2123, emphasizing its scarcity and long-term value.
What is the reward time for miners on Splendor Blockchain?
Miners on Splendor Blockchain receive rewards every 10 minutes with 1-second block intervals.
Does Splendor Blockchain implement a halving mechanism?
No, Splendor Blockchain does not implement a halving mechanism. The reward of 3.125 SPL remains consistent over time.
What happens to the mining rewards on Splendor Blockchain?
The mining rewards of 3.125 SPL are locked in the Splendor Blockchain reserve pool. XDR corresponding to miners' computational power and storage is minted.
Why is Splendor considered a scarce and valuable asset?
Splendor is considered a scarce and valuable asset due to its capped total supply of 21 million coins, no halving mechanism, and a unique reward system that emphasizes consistent incentives and scarcity.