3 years ago

SafuuX Chain is a standalone, fast and secure 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 PoSA
(Proof of Staked Authority) consensus which enables
shorter block time with much cheaper transaction fees.

The Problem
As the Ethereum ecosystem expanded rapidly over the
years, more adoption took place which started causing
network congestion to their infrastructure. This started to
impact the network causing slower transaction speed
and higher gas fee. As the plan to migrate Ethereum from
Proof-of-Work to Proof-of-Stake is taking longer than
expected, regular crypto users find it very difficult as their
transactions started to be non-profitable.

SafuuX Chain
Sustainable Asset Fund for Universal Users (SafuuX)
Chain is an independent blockchain which uses Proof
of Staked Authority (PoSA) 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.
Standalone 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 mainnet. This means most
applications and tools that work with Ethereum will also
work with the SafuuX chain.