📌Overview

Introduction

SafuuX Chain is a standalone, fast and secure rebasing blockchain that enables developers the use of smart contracts through EVM (Ethereum Virtual Machine) compatibility, thus providing an environment to develop their dApps. SafuuX Chain relies on a system of validators with PoA (Proof of Authority) consensus which enables shorter block time with much cheaper transaction fees. SafuuX is highly scalable and decentralised compared to many other L1 chains with 500+ full nodes and 1500+ lite nodes to achieve high throughput.

SafuuX Chain

Sustainable Asset Fund for Universal Users (SafuuX) Chain is an independent blockchain which uses Proof of Authority (PoA) consensus on a system of validators. SafuuX boasts smart contract functionality and is also EVM compatible. The native coin of SafuuX chain is SFX which is used for paying gas fees, validator staking and block rewards. Similar to Safuu token on BSC, SFX will be auto compounding with the use of Safuu’s unique SAP protocol which rewards holders with a high sustainable APY paid every 15 mins.

• Standalone Layer 1 Blockchain - Technically SafuuX chain is a standalone blockchain which, unlike other Layer-2 solutions, SafuuX does not interact directly with Ethereum base chain.

• EVM Compatibility - The First and most widely used smart contract platform is Ethereum, so in order to take advantage of mature applications and a larger community, Safuu chose to be compatible with Ethereum ecosystem that means most applications and tools will work with the SafuuX includes wallets like Metamask, Coinbase Wallet, etc.

• Architecture - The Safuu Chain consists of a number of Full Nodes. A portion of the Full Nodes are elected to serve as Validators for a single epoch. The election is managed by Lite Nodes which make up the Safuu Sidechain. Authorised Full Nodes are given an equal chance to publish new blocks and earn rewards. So there is no need to stake vast amounts of SafuuX coins to compete and richer nodes do not take advantage than other nodes in the ecosystem.

• Eco-Friendly - Unlike Proof of Work (PoW) which requires high computation and complex calculations to verify transactions, PoA consensus is far more environmentally friendly than PoW and uses 99% less energy to verify the same transaction on the SafuuX chain.

• Staking and Governance - PoA consensus gives more flexible options for community governance and is more eco-friendly, better performance, faster block time and low transaction fee compared to PoW which requires high computation power.