Shaicoin (SHA) is a cryptocurrency designed to promote decentralized and accessible mining through its ShaiHive algorithm. More
| Fully Diluted Valuation | $233,770 |
|---|---|
| 24H Trading Volume | $12,493 |
| 24H Low / High | $0.04 / $ 0.06 |
| Circulating Supply | 2.84M |
| Total Supply | 5.78M |
| Max Supply | ∞ |
| Categories | Smart Contract Platform 3 more |
|---|---|
| Founder | Anonymous |
| Website | github.com Whitepaper 1 more |
| Socials | |
| Explorer | Shaicoin |
| Name | Pair | OG Score |
|---|
Shaicoin (SHA) is a cryptocurrency built to restore the original vision of decentralized mining as envisioned by Bitcoin’s creator, Satoshi Nakamoto. It aims to make mining fair, accessible, and sustainable for everyone.
How Does Shaicoin Work?
Mining Algorithm
Shaicoin uses a unique algorithm called ShaiHive, which introduces a lottery-like system powered by a Verifiable Delay Function (VDF). This levels the playing field by allowing miners with basic computing resources, like standard CPUs, to compete equally with those using specialized hardware.
Decentralization
Unlike many other cryptocurrencies dominated by large mining operations, Shaicoin’s approach reduces the reliance on expensive equipment, making mining accessible to individuals. This strengthens network decentralization and aligns with the principle of "one CPU, one vote."
What Makes Shaicoin Unique?
Fairness in Mining
Inspired by natural processes like honeybee foraging, the ShaiHive algorithm ensures a more equitable distribution of mining power. This prevents the concentration of resources in the hands of a few, keeping the network secure and decentralized.
Community-Centered Philosophy
A portion of SHA’s supply is allocated to community development through a dedicated wallet, supporting the network’s growth and encouraging active participation.
Supply and Growth
Over the first four years, Shaicoin's total supply will reach approximately 5.8 million tokens. Most of these will be distributed through mining, while the rest will be reserved for community-driven initiatives.
Shaicoin uses the ShaiHive algorithm, inspired by natural processes like honeybee foraging, to ensure fair mining. This approach allows individuals with standard CPUs to compete equally in mining, promoting true decentralization.
Shaicoin's founders have not been disclosed publicly, emphasizing the project's focus on community-driven development.
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