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Silvermint

Last updated: Apr 26, 2023

Silvermint is a leaderless, scalable, and secure proof-of-stake blockchain with smart contracts and censorship resistance. Silvermint is going to be about 10,000 times faster than Ethereum on just our primary shard.

Private Seed Round: $5 Million

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Overview

Project industry	Blockchain Infrastructure
Product type	Technology
Founded	United States
Whitepaper	Open

What is Silvermint

Silvermint is projected to handle more than 140,000 transactions per second on our primary shard where finalization takes about two seconds. Silvermint also features “true” finalization, after which transactions cannot be rolled back or reordered in any way.

Silvermint is exceptionally reliable against attack with an eye-popping Nakamoto Coefficient of over 680 nodes when fully deployed. And while attackers with that kind of scale may be able to temporarily deny or slow service, they cannot reliably prevent finalization from eventually occurring.

Silvermint’s smart contracting language, Symmetry, is being designed from the ground up to be highly secure, extremely fast, and easy to use. Symmetry’s syntax is based on the Go language and should be easy for developers to learn. The type system is first-rate and provides the syntax and semantics needed to permit formal verification of complex type constraints at compile-time.