Saffron Wp Update 247 b

download Saffron Wp Update 247 b

of 11

Transcript of Saffron Wp Update 247 b

  • 8/11/2019 Saffron Wp Update 247 b

    1/11

    SaffroncoinThe coin that matters

    Last updated 24/07/2014

    This paper explores our views and philosophy with regards to

    crypto-currencies, their promise and challenges to greater

    adoption. Also introduced is Saffroncoins overarching roadmap

    and introduction of The Saffroncoin Platform.

    Saffroncoin: A constant quest to forge an ever greater mineable crypto-currency

    From the outset, Saffroncoin was created and designed to uphold the vision of how crypto-

    currencies optimally should strive to be; decentralized, distributed, stable and secure. Following

    this model, the hybrid multi-algorithm approach that was selected to build Saffroncoin upon, we

    feel perfectly illustrates our inclusive approach and philosophy concerning all things crypto.

    When observing the crypto-currency landscape, with respects to future network stability,

    security and how these facets are impacted by an erosion of node distribution due to theprogressive centralization of hashing power, the growing (often times heated) debate that has

    arisen as a consequence has become very prominent in the minds of many enthusiasts and users

    alike, only intensifying with the advent of scrypt ASICs. Regardless of where ones opinion

    ultimately falls concerning ASICs, it boils down to essentially few options; accept/embrace or

    resist/deter. These limited options are a consequence of the general knowledge that any current

    algorithm has the potential to have an ASIC solution created for them if 3rd

    parties can justify the

    costs and risks involved to bring them to market. Given this reality, various approaches (either by

    themselves or a combination thereof) have been chosen in an effort to resist/deter; actively

    choosing more obscure PoW variants in hopes of minimizing the chances of hardware

    specialization, reserving the right to modify core algorithms if threatened or choosing proofs that

    eliminate the need for traditional long-term hardware mining via PoW altogether.

    We at Saffroncoin never felt these to be viable options. Creating a stable, secure and robust

    environment that facilitates optimal growth and adoption is in part at least predicated on the

    minimization of future hard forks (where possible) and providing PoW strategies & algorithms in

    which most people are actually interested in using. As such, weve endeavoured not to prevent,

    resist or deter, but rather embrace and provide a viable medium for all technologies to coexist and

  • 8/11/2019 Saffron Wp Update 247 b

    2/11

    mine in harmony. By leveraging the accommodation of these existing and yet to emerge

    technologies our coin can only benefit in the long run as we continuously seek to find a proper

    balance for all miners, whether they use ASICs, FPGAs, GPUs or CPUs. The ability to allow the vast

    majority of miners the continued opportunity to produce meaningful work to our network not only

    provides ample hashrate to secure the blockchain but also creates tangible benefits to the

    participants by extending their opportunities to achieve greater ROI with their existing hardware,

    well beyond the typically restrictive and increasingly shrinking profitable hashing windows of

    typical single algorithm coins whose less inclusive nature fosters a significantly higher risk of

    centralizing hashing power to those willing to invest enough into an ever accelerating technological

    arms race. Thats not to say Saffroncoin is immune to this naturally, but that these impacts can be

    mitigated and effects attenuated over a longer time frame by the virtue of providing alternative

    algorithms to mine on.

    In keeping with our prevailing philosophy and cognizant that crypto is constantly and

    rapidly evolving, we have recently included via (a very successful) hardfork, X11 & blake algorithms

    to our existing line-up of sha256d, scrypt and groestl. We will continue to monitor the changing

    landscape, and coupled with community interests, make sure that our coin always succeeds at

    providing a home for all miners. We aim to have the best algorithms that will offer something for

    everyone, due to their in demand nature (and thus wide adoption and support) and provide

    something additive to our multi-algo approach while simultaneously ensuring that our network

    remain as distributed and secure as possible.

    Another interesting aspect is that the competitive nature of mining in general has

    intensified and created novel approaches to achieve greater ROI but have as a consequence posed

    considerable challenges for many coins. In light of the advent and prevalence of multipools

    seeking to target the most profitable PoW coins, a very tangible benefit exist by the very

    fundamental design of Saffroncoin whereby exposure to large influxes of sustained hashrate in anattempt to dominate mining will have their impacts minimized as the individual algorithms being

    targeted will compensate with a proportional increase in difficulty to maintain the equilibrium with

    the other algorithm on the network. With each algorithm having its own independent difficulty so

    that each, on average, will have close to the same possibility of finding the next block, means that

    by design not only is hashing maximally distributed but so are new SFR coins optimally distributed

    as possible across the different algos and therefore it can reasonably be assumed to different

    miners. Furthermore, the very financial incentives for multipools to even mine Saffroncoin may be

    partially attenuated since each individual algorithm can only secure on average 1/5 of the total SFR

    created over the course of a day. Despite this, should they mine SFR, the amounts sold will in

    theory be proportionally less than what would otherwise occur on single algorithm coins.

    Thus the multi-algo approach offers many beneficial advantages in the form of being

    intrinsically democratic in its emission format as well as providing an extremely robust medium

    against network attacks and potentially reducing the incentives to the for-profit multipools that

    might pose a problem for single algo coins do to their risks of centralization. Coupled with further

    future emission reductions from a pending modified emissions model and currently scheduled

    future block halvings, Saffroncoin will be PoW mineable for the next several decades as such,

  • 8/11/2019 Saffron Wp Update 247 b

    3/11

    though the 111 million total supply may seem large at first glance, it will only be fully distributed

    by approximately 2070+.

    Saffroncoin: A crypto-currency to invest in

    To further our aims of creating a viable crypto-currency and balance the rewards for minersand investors alike, we recently took initial steps to ensure that new coin minting operate on a

    manageable emissions model for the foreseeable future balancing financial opportunity and

    relative scarcity. Ongoing discussions with the community continue to this day in an effort to find

    the best possible balance or sweet spot that will further foster an optimal environment for all

    parties while still ensuring future network stability. Based on current community feedback, we will

    be modifying our current emissions model by decreasing the current daily coin minting thresholds

    in a future update, though at this time providing new concrete thresholds and effective timelines

    for implementation will be contingent on the result of said further discussions with the

    community. Once this new emission model is officially endorsed and ratified by all parties we will

    see to developing an appropriate strategy to deliver an incorporate these new parameters to the

    coin by studying the impacts and feasibility of the various options at our disposal as well as levels

    of complexity in their execution etc. as we will not endorse something that could potentially

    jeopardize the future stability of our network/coin. It goes without saying that the eventual

    winning strategy will have to be thoroughly tested and planned prior to any eventual

    implementation as any change to core coin parameters are very challenging in nature as well as the

    logistics involved in the timely dissemination of the update to all parties (users, pool operators and

    exchanges) to prevent any network instabilities (forks). We cannot stress enough that this will be a

    major undertaking but we feel confident that it will be worthwhile and strengthen Saffroncoin for

    the long term.

    The Saffroncoin Roadmap: An argument for the future of crypto-currencies

    Crypto-currencies have the intrinsic ability to connect individuals across the world and by

    extension markets. That being said, the path to a world united by markets rather than being

    separated by borders is still a distant dream. Regardless, the pace of new coin releases have only

    increased and though there may be many reasons that motivate developers to do so, we do feel

    that most are like us and really do so because of the long-term disruptive potential of cryptos via

    the promise and possibilities afforded to their respective creations for mass adoptions beyond thealready initiated. Though this technology is still in its infancy, the pace of innovation has been

    staggering and coupled with the influx of interest; numerous strategies have been conceived and

    are now in use in an attempt to break into the mainstream. Whether grass-roots type approaches

    generated purely by the individual communities or more aggressive variations from their

    developers, thus far, there have yet to be any clear cut pathways to ultimate success. At this time,

    it could be very well argued that one, if not, the single greatest factor limiting further penetration

  • 8/11/2019 Saffron Wp Update 247 b

    4/11

    into the mainstream is the inherent barriers or rather friction caused by the perceived complicated

    nature for cryptos themselves and their actual usefulness as a result.

    The prevalent technological trends are heading firmly into mobile solutions, as such; solely

    relying on desktop based clients for the long-term success of any coin is a mistake. In addition to

    the growing ubiquity of mobile devices, designs based on intuitiveness or rather the maxim of the

    simpler the better have gained enormous favour in the past decade and have only helped toaccelerate the adoption of new technologies and might have otherwise been or be perceived as

    inherently complicated. Ultimately, crypto-currencies should be no different in their execution and

    yet up to now the main strategies have stemmed from attempts to explain the technology in

    minutiae to the uninitiated, to extol its virtues, benefits and disruptive potential, which is certainly

    commendable, though in our opinion, fail to connect on a much more basic level. Ultimately, we

    should be striving to design and create applications and services that will allow for seamless,

    intuitive use of crypto-currencies by the general public, to the point where most of not all concerns

    or negative perceptions evaporate, technological barriers disappear and the advantages of crypto-

    currencies become obvious. The end game should be of a future where crypto-currencies cease to

    be crypto and simply become currency and to achieve such aims an evolution of the

    infrastructure surrounding coins must materialize to a point where they can be accessed, traded,

    bought, sold, used for purchases or remittance payments instantly and easily without the necessity

    to have to know the dynamics or machinations of their inner open-source workings.

    We created Saffroncoin because we wanted to create an integrated and simple way that

    would enable everyone to keep in touch as well as transfer funds with the people that matter to

    them instantly, from anywhere in the world. To fulfill this overarching long-term objective and to

    allow Saffroncoin to flourish and be used throughout the world, we have begun laying the

    groundwork developing an integrated socially interwoven and interoperable multi-platform

    solution boasting encrypted instant-messaging coupled with full featured financial services for bothprivate and business alike. This ecosystem when completed will surround and support Saffroncoin

    while empowering its users by breaking the typical reliance on home computers which we believe

    will move us much closer to achieving what any crypto aspires to; mass adoption.

    Focusing on the bigger picture, by designing, developing and building our integrated social

    communications and financial platform, we are effectively creating the opportunity and the

    possibility for much broader adoption. This complete all-encompassing approach may be what has

    been the missing link for greater adoption outside of those already familiar with cryptos. With the

    focus on creating integrated products that seamlessly use Saffroncoin and leveraging the already

    formidable power of instant messaging as a driver for new adoption within the general public, weintent to provide a flexible medium optimal for an explosion in Saffroncoin use.

    To some, the concepts of such an infrastructure designed and created by the developers

    may seem counter to the crypto culture or idea what constitutes decentralization, but other than

    Bitcoin, companies willing to create products and services for nascent coins are essentially non-

    existent. Developers with hands off approaches that expect to have their coins thrive on the sole

    virtue of their blockchain and intrinsic features may not succeed. To build something from nothing

    that can grow, meet and accommodate the demands and needs of the masses, the prevailing

  • 8/11/2019 Saffron Wp Update 247 b

    5/11

    strategy needs to evolve to allow cryptos to achieve more than what they have done up to this

    point. Without a doubt, the core blockchain and coin will always remain decentralized and

    distributed as these are intrinsic to crypto itself and while the services surrounding our coin will

    strive to offer the same, it must be understood that for these peripheral and optional services, the

    reality is that many may need to initially operate within a spectrum between complete

    decentralization and centralization in an effort to provide the best mix of security, responsiveness

    and seamlessness across the user base. Future evolving versions and releases will definitely

    attempt to improve on existing models and move the entirety of our nascent ecosystem towards

    the highest degree of decentralization that can be attained where possible. Not unlike a living

    organism, our platform will grow and mature over time with each subsequent update and evolve

    to be all that it can be, not only in the great services it will offer but also advancing to attain new

    and innovative milestones from a technological perspective as well.

    1.0 - The Saffroncoin Platform Design & evolution of the Saffroncoin wallet

    It goes without saying that the current centerpiece or foundational element of any crypto is

    its wallet. From its inception, the Saffroncoin team has always operated on the premise that the

    wallet client shouldnt be relegated to a simple program designed only to secure and transfer

    coins, rather, that it should be a portal to all facets encompassing Saffroncoin. Following this logic,

    our first update early on illustrated this philosophy by incorporating a self updating algorithm

    difficulty display as well as financial, social and developer updates in the form of basic market data,

    IRC portal and twitter integration respectively.

    To facilitate the future scalability and design elements of the Saffroncoin wallet client, we

    introduced within the traditional qt-wallet a complete implementation of webkit technology. Even-

    though the process was difficult to properly integrate (and seeing as we may be the only ones to

    have done do to our knowledge) we feel that the benefits were certainly worth it. The added

    protocols enable the wallet to behave essentially like a mini web browser. Currently, the focus is on

    creating secure and functional tools and services to expand the capabilities of the wallet and lay

    the foundation to our nascent Saffroncoin Platform but future incremental updates will

    progressively fine tune the user interface which will introduce true GUI features that will simply

    not be possible otherwise further differentiating us from other crypto-currencies.

    The security and integrity of our wallet was carefully considered and with the continued

    introduction of new features we have taken the necessary steps, where appropriate, of creating

    barriers between the core wallet functions and our services via independent containers called

    QwebView. These containers exist to only display data and do not affect the running of the other

    parts of the wallet thereby eliminating any potential vulnerabilities or vectors. QWebView

    containers only acts as interfaces/gateways between you and the websites/data.

    Upcoming confirmed updates will feature inbuilt secure gateways to SFR supported

    exchanges for trading via the full featured nature of their respective sites, access to the redesigned

    Saffroncoin blockchain explorer and rich list (released: July 23rd

    , 2014) as well as added wallet

  • 8/11/2019 Saffron Wp Update 247 b

    6/11

    security via optional use of 2FA (and Google authenticator timeline to inclusion TBD) security. In

    keeping with our desire to constantly improve and enhance our services and offerings as well as

    bolster our nascent ecosystem with new services, future incremental updates to the wallet will

    continue to push the envelope further empowering our users to feel connected and engaged by

    providing them with compelling tools, features and resources.

    1.1 - The Saffroncoin Platform SFRMS (POOF! Social messaging & notifications services)

    (Released: Early July , 2014)

    We recently released our first major update to the multi-tasking wallet and in doing so,

    debuted the beta of the Saffroncoin Messaging System (SFRMS) and POOF! our encrypted

    messaging system with self-terminating instant messages. Keeping in mind the privacy of users and

    the demand in confidential messaging we wanted to develop a secure anonymous encrypted

    messaging system that could transmit messages securely without giving out a single bit of personal

    info and to offer true end-to-end privacy.

    POOF! allows the sending short 100 character messages and provides the receiver of the

    message 15 seconds to read the message once opened after which it will self-terminate. We always

    seek to empower our users and give them the ability to choose what best fits their needs, as such

    the sending of messages will be available as normal messages or selectable encrypted message.

    The encrypted messages will use AES-256-CBC encryption. In the future, POOF! will be expanded

    to include various types of data that can be transmitted anonymously (voice messages, pictures,

    videos, files etc) as well as evolving the service to work within a fully decentralized framework.

    The second eventual component of the SFRMS will be the notification service. By leveraging

    widely used communication mediums such as email and SMS, it will create the initial inroads at

    decoupling Saffroncoin from its desktop environments by allowing users the ability to receive SMS

    or emails of any transaction to their wallet regardless of whether their wallets are open or not.

    Whether a mined block or a payment, the user will now be able to monitor and be kept apprised

    the moment there is activity affecting his or her balance.

    1.2 The Saffroncoin Platform SFRSend & SFRSend+ (Enhanced privacy)

    (Released: July 23rd

    , 2014)

  • 8/11/2019 Saffron Wp Update 247 b

    7/11

    Our approach as has been stated previously is to continuously enhance Saffroncoin so that

    its users can feel empowered by having the appropriate tools at their disposal. One such concern

    for many within the Saffroncoin community and also mirrored in crypto as a whole given the large

    amount of interest its garnered in the last few months, is a coins ability to provide added privacy

    measures.

    We have given allot thought to this question and have had many internal conversationsabout anon/privacy and its place in crypto. The technologies and strategies employed are

    continuously being refined and improved which is a testament to the innovation present and alive

    in crypto as a whole. Its not yet clear which if any of the various strategies that have been

    employed thus far will mean for cryptos in the long run, though one this is certain, we now live in a

    world in which information can be stored for perpetuity and for those that would rather err on the

    side of caution and have the opportunity to use enhanced privacy measures beyond those that

    they themselves can take, it is something that needs to be addressed and tools that should be

    made available.

    Given the platform and overall infrastructure we will be developing, our goal will be toprovide ever evolving privacy enhancement features and services in a near term future update that

    are in keeping with our overall goals and existing long-term strategy in conjunction with our views

    of what crypto-currencies should optimally be. As such, with respects to Saffroncoin specifically

    and privacy concerning its blockchain, we have just introduced (released: July 23rd

    , 2014) SFRSend

    & SFRSend+ empowering users with options to transact with the benefits of added privacy layers

    and strategies.

    SFRSend works by first breaking down transfers into random smaller amounts each with

    their respective randomly generated addresses and will then give the user the ability to select the

    number of bouncing cycles. The more cycles selected, the more difficult it will become to trace thetransactions though this added load will sacrifice the speed of the overall transaction. These anon

    payment fragments will travel across the networks multiple nodes (bouncing cycles equate to the

    number of nodes these fragment must travel through) at which point the 3 separate payment

    fragments will re-combine into a singular amount and reach the intended destination from a

    remote and randomly generated address.

    SFRSend+ provides even more anonymity and privacy as it allows users to use aliases as

    opposed to SFR addresses though the internal mechanism will operate outside of the blockchain as

    a service. Once the pairing of alias to SFR address is completed, users will never have to give out

    their address to other users when sending SFR through the Desktop/Mobile wallet. This service

    works in conjunction with the SFRMS service for the alias creation. The benefits to SFRSend+ are

    that transactions are extremely fast and will cause lesser bloating of the blockchain since the

    bouncing cycles are fixed to provide efficiency along with speed of transaction.

    1.3 - The Saffroncoin Platform SFRBit (Payment service)

  • 8/11/2019 Saffron Wp Update 247 b

    8/11

    (Released: July 23rd

    , 2014)

    The ability for users to purchase anything they want while using crypto-currencies is crucial

    to increase the perceived usefulness of any coin and allows it to exist in a realm beyond one of

    pure speculation as true value can then be created and objectively ascertained. SFRBit (V1) is a

    service that allows Saffroncoin users to purchase anything that is sold in Bitcoin by using their

    existing SFR. The dynamic exchange system will enable these purchases by converting SFR toBitcoin seamlessly. Requests will be processed by a remote server validating the Bitcoin address

    and debiting the necessary SFR from the wallet (at market prices) to complete the transaction. The

    initial release will see an upper limit imposed on the amount of BTC that could potentially be used

    for purchases. Future updates will naturally seek to increase the upper limit and allow for ever

    larger purchases as well as evolving the payment service via new enhanced technologies and

    strategies as well as possible future 3rd

    party partnerships.

    1.4 - The Saffroncoin Platform SFRDirect (Escrow service)

    SFRDirect will provide users with a secure built-in wallet escrow service, divorced from the

    traditional exchanges where buyers and sellers will be able to safely trade and more importantly

    mutually decide their own prices.

    1.5 - The Saffroncoin Platform SFRPay (Paypal/Fiat to SFR)

    SFRPay will allow users to purchase SFR using PayPal or credit cards directly from within the

    wallet. This service may take more time to implement within the client as restrictions concerning

    Paypal and laws governing such purchases will have to be considered and properly evaluated prior

    to implementation.

    2.1 - The Saffroncoin Platform: Going mobile

  • 8/11/2019 Saffron Wp Update 247 b

    9/11

    The future is mobile, with this firmly in mind in the coming months we intend to design and

    build lightweight wallet clients for Android & iOS phones that will incorporate and expand the

    existing Saffroncoin Platform. These fully functional wallet clients will offer new possibilities by

    running on the same encrypted messaging network as the desktop clients. Users will be able to

    communicate and send/receive SFR seamlessly across various devices at will. To those whom have

    never considered or used crypto-currencies before, these applications, with robust IM capabilities

    we foresee it being a positive and significant driver for adoption. No more trying to convince

    friends of the benefits of crypto, rather simply ask them to download the POOF messaging app and

    integrated Saffroncoin wallet to their phone and send them a few SFR.

    The ease of use and portability of mobile phones will offer new opportunities to marketing

    and merchant exposure that has yet to materialize in crypto. As we gain new merchants over time,

    these partners could be featured in adds within the mobile IM/wallet apps. Further into the future,

    the possibility of selling said ad space or alternatively selling a premium add-free version of the

    IM/wallet client could offer new pathways to monetize development from external sources

    producing the capital to accelerate development and achieving a greater ability for marketing to

    ever larger demographics thus potentially resulting in more adoption thereby creating a positive

    feedback loop.

    2.2 - The Saffroncoin Platform: An Integrated Solution

    In an effort to achieve a truly complete and integrated solution, the platform will evolve to

    support the direct purchase of SFR from supported fiats within any client (desktop or mobile) as

    well providing all upcoming (and yet to be announce) services to the mobile apps. Once in place,

    the possibility for complete seamless integration becomes a reality for users and merchant alike.

    Its effects will be quite significant by enabling users to send funds (gifts, loans, remittance

    payments etc) across the globe in SFR, avoiding the traditional fees imposed by banks and most

    importantly allowing for the flexibility of transferring SFR immediately back into Fiat upon receipt if

  • 8/11/2019 Saffron Wp Update 247 b

    10/11

    they chose to do so. The benefits of this system will also be evident as traditional merchants will

    have the choice to either hold SFR or have it converted directly to fiat at the point of purchase.

    SFRBit (and SFRPay) that we will be releasing in upcoming updates will evolve over time and

    mature to attain this important milestone.

    Achieving our fully integrated interoperable multi-device platform will understandably take

    time to develop, test and build to make it all that it can be. We understand that in the crypto, evena week can sometimes seem like an eternity but we choose to dream big because we enjoy the

    challenges and as development advances, we will surely face new obstacles and challenges along

    the way, but the payoff, the ability to provide a complete end-to-end solution not only for

    communication, banking, merchant point-of-sales as well as the flexibility to create novel external

    revenue streams, we feel is definitely worth it. We have structured everything in such a way that

    each development and deployment will build upon the previous and brings us closer to our final

    stated objectives. As such, at this point we arent comfortable giving fixed or specific timelines to

    the various phases of development, however, nor do we believe in keeping our plans and

    developments shrouded in mystery by either going dark or in the future triggering any

    unwarranted opportunities for speculation by releasing obscure pre-announcement of

    announcements. Transparency is key to fostering, maintaining and building an engaged community

    as we have learned firsthand and with this in mind we will continue being very active on the

    bitcointalk forum & twitter, posting frequent updates on what we are currently working on and

    answering questions with the help of our amazing community. We have no doubt that as we

    progress in the further designing and building of the Saffroncoin Platform, new ideas for features

    and services will surface as such this document is intended to be ever evolving and will be updated

    regularly to incorporate the latest planned developments. We are motivated and committed to

    making Saffroncoin all that it can be and we invite you to join our growing and vibrant community

    and helping us build an ever greater crypto-currency.

    3.1 The Saffroncoin Platform: Special considerations (Proof-of-Stake)

    At this time we feel that our chosen multi-algo approach is optimal for securing the

    blockchain and providing a viable hashing strategy for the foreseeable future, it goes without

    saying that as we evolve the Saffroncoins ecosystem to mobile devices, interesting possibilities

    and opportunities will present themselves. To be clear PoS, should it ever be implemented, would

    not replace PoW but rather exist as a added layer leveraging the speed of transactions afforded by

    this proof, providing yet another way to secure our blockchain and perhaps most crucially, offering

    new incentives to holders by allowing mobile (and traditional) wallets to stake.

    As the reliance of desktop based computing for most is becoming increasingly minimized, in

    contrast for our desire for all things mobile, it stands to reason that many if not most future

    Saffroncoin adopters will come to rely on the mobile clients as their primary, even exclusive, means

    of banking. In order to incentivize these users and the many investors whom have no interest in

    mining, it may therefore be a worthwhile endeavour to insert PoS into our existing framework

    when the Saffroncoin Platform reaches the desired maturity. Many factors and unforeseeable

  • 8/11/2019 Saffron Wp Update 247 b

    11/11

    future challenges will determine if further alterations to the coins core design are necessary or

    even beneficial, though conceptually the idea does have merit and could provide yet another

    pathway for coin minting as we seek to consider every possible facet in designing a coin that truly

    matters to all its current and future users.

    A possible future (we must stress, merely conceptual at this time) could be for an eventual

    PoW/PoS hybrid implementation that would see the network retain PoW as the true "backbone",running at an average block discovery speed of 90sec to 120sec to retain miner interest and

    allowing PoW blocks the handle the bulk of transactions on the Saffroncoin network. A variant of

    PoS as an added layer on top of PoW could be implemented which would allow much for faster

    transactions and therefore could be expected to support the "micro" transactions that are more

    time dependent such as merchant purchases etc. As a conceptual extension of this idea, a planned

    and designed prioritizing system could possibly be built within the coins architecture allowing

    users to select which speed of transaction best fit their needs. By creating this distinction, users

    could thus choose either the standard PoW tx (at regular tx fees) or the faster PoS tx at the cost of

    slightly higher tx fees, essentially creating a new avenue of rewards for the network. These new

    transfer fees could be part of the basis of the PoS reward system and coupled with a reasonable

    low % interest staking for holding coins could result in a viable mechanism for future growth of the

    network. Fueled by an engaged and vibrant community brimming with ideas, we will continue to

    consider all options and exploring all ideas with merit while leaving no stones unturned in order to

    build up Saffroncoin to be the best it can be for all its current and future users.

    4.1 Other projects and potential partnership with Unocoin, India's biggest BTC only exchange

    We will be developing an exchange named Cryptoxindia to trade SFR and other coins in fiat

    such as INR, USD, EUR. India is relatively new to crypto exposure and doesn't have a multi-crypto

    exchange. We have been holding regular discussions with Unocoin (India's biggest BTC only

    exchange) and as such we could be teaming up with them to co-develop Cryptoxindia and help

    promote cryptos in countries that have yet to have any significant exposure to crypto-currencies.

    Additionally, our community has suggested various items for possible future developments

    such as the ability to create distributed assets and smart contracts (commonly referred to as

    Blockchain 2.0 features) which would enable for significantly more robust financial services to be

    build atop Saffroncoin and opening the doors to a whole new set of possibilities, from investment

    to businesses. These are certainly exciting times for Saffroncoin and crypto-currencies as a whole,

    we will keep apprised of new exciting technologies and when appropriate within the development

    cycle of the Saffroncoin platform, seek to study how these new and yet to emerge protocols could

    best service our coin and further empower its users with powerful features and services.