Silk expands on Bitcoin's electronic cash system by creating a binary coin feedback system that preserves value by accepting collateral. The platform has been modeled after an electrical resonance circuit that drives currency into oscillation.
Silk is designed to support continuous economic growth and increased purchasing power. When paired with digital currencies, Silk acts as a dynamic stabilisation fund, increasing with each commodity purchase and decreasing by each collateral sale.
Silk (SLK) is the digital asset that backs the currency DarkSilk (DSLK). Silk adapts to the DarkSilk supply in order to stabilise its price. In doing so, the price of Silk will oscillate and provide great arbitrage opportunities for investors.
PoW Period: 10,000 Blocks
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 0 SLK
Full Confirmation: 10 Blocks
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 2 SLK
PoS Min: 1 Hour
PoS Max: Unlimited
Total Coins: 2,000,000,000 SLK
Block Size: 4MB
|Spencer Lievens||Lead Developer|
|Matthew Langdon||Web Developer / Admin|
|Mark Sanders||Business Strategist & Spokesman|
|Romeo Demurashvili||Social Media / Marketing|
|Jan Fox||Graphic Design & 3D Modelling|