ASIC-resistant.
Balloon hashing algorithm makes Sigmoid ASIC-resistant.
Easily exchangeable.
Since Sigmoid is a KIP-7 token, it is easily exchangeable for Klaytn or other tokens, thanks to KLAYswap.
Secure.
The token is immune from 51% attacks unless Klaytn itself gets attacked.
What is KIP-7? What is Klaytn?
Klaytn is an enterprise-grade, service-centric platform developed by Kakao, Korea.
Klaytn, the currency running on the platform, is the 39th largest cryptocurrency in crypto market capitalization.
KIP-7 is a fungible Klaytn Compatible Token (KCT) that has properties of uniformity and divisibility, which is very similar to ERC-20 from Ethereum.
Differences with ERC - 20 are:
- More optional functions are included (e.g. mint, burn and pause extension).
- Every token transfer/mint/burn MUST be tracked by event logs. This means that a Transaction MUST be emitted for any action related to transfer/mint/burn.
- The KIP-13 interface for each method group MUST be implemented.
KIP-7 tokens are easily exchangeable in KLAYswap, the Klaytn’s DeFi solution that can take advantage of this high liquidity environment.
How can Sigmoid be ASIC-resistant?
Because Sigmoid uses Balloon hashing for its key derivation function.
Balloon hashing is a NIST-recommended key derivation algorithm which is theoretically proven to be memory-hard. Memory-hardness of this particular key derivation function enables Sigmoid to be ASIC-resistant. Also, parameters for Balloon hashing can be easily modified, which makes Sigmoid even more ASIC-resistant.
Whitepaper
If you want to know more about Sigmoid, then have a look at our whitepaper.
Donation
You want to support us?
Unfortunately, ICO (initial coin offering) is illegal in our country, so the only way we can get support is to get it from donation platforms.
If you want to buy a drink for a poor guy who lost a penny due to a recent news about quantitative tightening, please feel free to press the button below:
