⚙️ Technical Shekel Overview
Technical Documentation Overview
Blockchain Overview: Solana Blockchain
Shekel Coin operates on the Solana blockchain, a high-performance blockchain designed for fast and secure decentralized applications. Solana's unique combination of proof of history (PoH) and proof of stake (PoS) consensus mechanisms allows for high throughput and low latency, making it an ideal platform for scalable and efficient decentralized applications.
Key Features of Solana:
High Throughput: Capable of processing thousands of transactions per second.
Low Latency: Fast transaction confirmation times.
Scalability: Supports the growth of decentralized applications without compromising performance.
Security: Robust consensus mechanisms ensure network integrity and security.
Smart Contract
Shekel Coin utilizes smart contracts on the Solana blockchain to automate and manage various functions within its ecosystem. Below are the details of the primary smart contract for Shekel Coin:
Smart Contract Details:
Key: 4
Update Authority: 522QoGqGy1B7ZWPyB25nUzPcNVgEvRhLTUkfRB8KGEz6
Mint Address: B43Qq6ayz7GjweT4s4U7AEuYSGkdJh33ToKUETcfaCAg
Data:
Name: Shekel
Symbol: Shekel
URI: IPFS Link
Seller Fee Basis Points: 0
Creators:
Address: 522QoGqGy1B7ZWPyB25nUzPcNVgEvRhLTUkfRB8KGEz6
Verified: 1
Share: 100%
Additional Information:
Primary Sale Happened: 0
Is Mutable: Yes
Edition Nonce: 253
Token Standard: 2
Technical Specifications
The Solana smart contract for Shekel Coin includes the following technical specifications:
Consensus Mechanism: Combination of Proof of History (PoH) and Proof of Stake (PoS)
Block Time: Sub-second block times, typically around 400ms
Transaction Speed: Capable of processing up to 65,000 transactions per second (tps)
Smart Contract Language: Rust and C
Network Fees: Low transaction fees due to high efficiency and throughput
Security Features: Advanced cryptographic techniques and decentralized consensus ensure robust security
Smart Contract Functions:
Minting: Create new Shekel Coins.
Transferring: Secure transfer of Shekel Coins between wallets.
Staking: Lock up Shekel Coins to earn rewards.
Updating: Modify contract parameters and data by authorized entities.
URI Management: Store and update metadata via IPFS.
Fee Management: Configure and collect transaction fees, if applicable.
Creator Verification: Ensure the authenticity and verification of creators.
Edition Management: Manage the minting and distribution of coin editions.
By leveraging Solana's robust infrastructure and the detailed smart contract specifications, Shekel Coin ensures a secure, scalable, and efficient ecosystem for its users.
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