Nodes – Internet of Everything

14th December 2020, Turkey – dCloud storage platform SINOVATE and veteran crypto marketing agency Bitcoin PR Buzz announce a key partnership to highlight the increasing need for a more viable long-term dCloud data solution, and reinforce the importance of industry partnerships for the adoption of dCloud worldwide.

What is SINOVATE?

SINOVATE (SIN) is open-source state of the art community-driven digital cryptocurrency, and

decentralized cloud data storage platform. Voted ‘Most Exciting Data Protocol’ at HackerNoon Noonies 2020, SINOVATE has developed its in-house DIN technology with the aid of Incorruptible Data Storage (IDS) to bring the dCloud market a solution like nothing seen before.

IDS is the SINOVATE decentralized private cloud network mechanism for sending, storing, and verifying encrypted data files. IDS uses the ‘MINI SIN’ Infinity Node Layer and blockchain architecture to process and store data.

Realising the need to improve upon existing and inefficient models of masternode storage, SINOVATE have released their fully in-house designed and written masternode structure, DIN. DIN’s code has been designed to work in perfect harmony with IDS, which needs the nodes to store and transfer decentralized data. This means that the node is provably fair with its rewards, removing the potential for chain splits, as on-chain nodes Schnorr MuSig instead of dated BLS signatures.

SINOVATE’s DIN & IDS provide an impregnable foundation for countless other projects to build their solution on, offering superior security to anything seen before. Highly secure decentralized data storage and transfer equates for a massive use-case for any startup requiring fast, secure data storage: That is just about every company in today’s modern world.

SIN coin rewards provide the two-pronged benefit of incentivising users to maintain nodes, stimulate healthy network growth and stability. The Proof of Burn feature mitigates against token dumping and counteracts the inflationary issues seen in similar projects, whilst having no limit to the number of nodes on the network addresses any questions about scalability.

Bitcoin PR Buzz – Industry Recognised

Founded in 2012, Bitcoin PR Buzz is a leading crypto marketing agency and an early pioneer for Bitcoin mass adoption, helping to give a voice to some of the first disruptive projects in the crypto-sphere. The company works with emerging innovative projects, helping them to break-out into the global market by leveraging its strong, long-term partnerships with major blockchain, mainstream, and fintech media providers across the globe.

In September 2020 Bitcoin PR Buzz helped Bridge.Link to sell out its 8 Million USD IEO in 6 hours, and In 2017 Bitcoin PR Buzz helped payment protection provider UTRUST to secure the $21 Million USD Hardcap target for its ICO. Other notable work includes a long-term relationship with blockchain heavyweight ARK, and a partnership spanning over 5 years with online gaming industry leader Coingaming.

SINOVATE for Mass Adoption

Bitcoin PR Buzz has worked with over 850 companies across industries including blockchain, e-commerce, gambling, trading, pharmaceutical/medical, and gaming – but it is in its long-term industry partnerships that it sees the most value for blockchain mass adoption.

The Bitcoin PR Buzz and SINOVATE partnership will create a launchpad to educate the market about the potentially groundbreaking Deterministic Infinity Node (DIN) technology, how it could completely revolutionize the data storage market, and reinforce the the importance of industry partnerships in order to achieve the mass adoption of blockchain technology.

SINOVATE Blockchain Developers

SINOVATE’s rise in the dCloud Industry is largely thanks to its innovative blockchain developers

Xuantan Nguyen (Xtdev) and Giacomo Milligan. (Giaki3003/SINTOSHIS)

Xtdev is a highly experienced Big data and data mining specialist. He is also the innovator of Deterministic Infinity Nodes and one of the lead developers and Master SINOVATORS of SIN.

Giaki3003 is the second lead developer on SINOVATE team and fellow Master SINOVATOR. He is also a highly experienced blockchain core developer, as well as Innovator of the upcoming PoS4 custom proof-of-stake algorithm, and hybrid consensus.

Together they make a uniquely experienced and highly skilled duo and creators of the technical evolution that is SINOVATE.

Looking Ahead for SINOVATE

SINOVATE launched its innovative Deterministic Infinity Nodes (DIN) 1.0 via hard-fork on November 21st 2020, and already has an impressive 1450+ nodes running perfectly, with expectations to increase this to 5,000+ nodes by mid-2021. This next milestone is expected to coincide with the next big hard-fork BETELGEUSE, which will see many of the exciting IDS-based (dCloud, blockchain mail, SIN mobile messenger) solutions with launch in Q2, 2021. DIN’s code is likelyto become the reference point amongst masternode structured coins as the standard.

The first iteration of IDS-based solutions will include the potential functionality of “datastore” for file-saving on the DIN blockchain provided by bFTP protocol, the sending of mails on anonymous way with SIN Mobile messenger, and updates like the fourth generation of Proof-of-Stake (PoS) that will allow to add passive incomes alongside DIN and the HCO program.

For more information about SINOVATE, please visit – https://sinovate.io/

Join the conversation on Discord – https://discordapp.com/invite/CWbnW5y

Official SINOVATE Telegram Channel – https://t.me/SINOVATEChain

Official SINOVATE Medium – https://medium.com/@sinovatechain

Keep up to date on Twitter – https://twitter.com/SinovateChain

Media Contact Details

Contact Name: Alex Thurston

Contact Email: alex.t@bitcoinprbuzz.com

SINOVATE is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

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Bitcoin Press Release: Decentralized cloud data storage platform SINOVATE launch groundbreaking new solution, Deterministic Infinity Nodes.

4th December 2020, Turkey – Decentralized cloud data storage platform SINOVATE is developing its own in-house blockchain technology known as Deterministic Infinity Nodes (DIN). The potentially groundbreaking new tech works in unison with Incorruptible Data Storage (IDS) to create a new consensus system with security levels never seen before.

Market Growth & Unsustainable Solutions

The data storage industry is Projected to exceed $80 Billion USD in the next 4 years as a result of the rise of mobile devices, the app market, and growth across Blockchain IoT, AI, and e-commerce. The market is split between Mainstream providers (Amazon, Microsoft) and the new, more technically secure blockchain-backed (Storj, Filecoin) dCloud alternatives.

Mainstream cloud data providers are struggling with consistent data breaches, exposing a whole range of sensitive information (logins, passwords, IP addresses), while some blockchain alternatives face problems with token inflation.

What is SINOVATE?

SINOVATE is a (SIN) decentralized cloud data storage platform that offer a potential solution to

these ongoing problems. Its unique decentralized data storage network is backed by Deterministic Infinity Nodes (DIN) which interact seamlessly with Incorruptible Data Storage (IDS), through a novel protocol called bFTP (blockchain-based File Transfer Protocol).

Masternodes Vs Infinity Nodes

Masternode networks support many other dCloud projects but most still suffer from issues with inflation. Although the (initial) high rate of return for masternodes projects is attractive to investors, this leads to inflation, reducing the incentive for a user to continue to maintain a node as the token falls over time, negatively affecting the network.

SINOVATE’S Deterministic Infinity Nodes reduce inflation and promote network growth through its Infinity Nodes. Infinity Nodes use a unique Proof of Burn (PoB) feature, burning a specific amount of SIN across the 12 month node lifespan. This counters inflation by reducing the amount of SIN in circulation, and creates a new proof of transaction type called BurnTx.

Legacy masternode-based networks are susceptible to vulnerabilities and attacks which can result in reward stealing and node instability. Infinity nodes solve the new deterministic algorithm: lock/reward and PoB to bring provably fair deterministic rewards, with bulletproof stability, and network stability.

DIN 1.0 Hard Fork

On the 21st of November 2020, SINOVATE concluded a hard fork bringing online its innovative Deterministic Infinity Nodes (DIN) 1.0, at block 550,000. The network will consist of more than 1,800 DIN that will bring more data storage capacity to the network. There are already over 1,400 nodes running on the network with expectations of 5,000 nodes in 2021.

DIN uses a deterministic score system based on Schnorr Signature to retrieve that data from IDS. bFTP allows the user to easily re-authenticate to any of the nodes that hold a copy of the stored data using the deterministic “score” algorithm.

Incorruptible Data Storage

IDS is being developed carefully to allow a fully secure and reliable network for a worldwide decentralized Cloud (Cloud 3.0). This demands the development of a variety of technical features. The first step of IDS will be delivered in Q2 2021 which will give the possibility to use the functionality “DataStore” for saving your file in the DIN of the blockchain, send mails with unprecedented blockchain-based mailing system or write to your friends in a fully secure and anonymous way with SIN Mobile messenger.

SINOVATE will go beyond to provide security, decentralization, and efficiency by updating the blockchain to the Bitcoin core 0.21 and by delivering a fourth generation of Proof-of-Stake (PoS4) built in-house that will allow to add passive incomes alongside DIN and the HCO program.

To Infinity And Beyond

Exponential growth in numerous data-centric markets and the rise of mobile devices has exposed a severe lack of a viable long-term solution for the world’s future data storage needs. Blockchain-based dCloud platforms do address some of the security failings of their mainstream counterparts, but many face questions of token inflation.

SINOVATE’s decentralized infinity node architecture and incorruptible data storage underlayer provide an incredibly secure foundation upon which new companies can be built, and its Proof of Burn feature offers both a answer to network sustainability, inflation, while offering everyone involved a chance to benefit for being apart of its future vision for decentralized data.