that set us apart
Allows anyone to create their own blockchain assets.
Allows multi-custodial account creation.
Allow anyone to swap value within 5ireChain and its supported ecosystems.
5ire’s primary goal is to create 5ireChain, a user-centric sustainability-driven blockchain. This is achieved by embedding sustainability both in 5irechain’s base layers and in the upper decision-making that democratically commands the network.
5ire has multiple unique selling propositions that make us the blockchain ecosystem leading the fifth industrial revolution.
5ireChain addresses scalability with multiple transaction pools. Existing blockchains use single transaction pools where all transactions are stored with every node. 5ireChain distributes transactions based on wallet addresses and each transaction pool serves unique addresses.
Proof of 5ire is the world’s first governance-based reward distribution process that incentivizes network actors based on their commitment to the 17 United Nations sustainable development goals. Proof of 5ire = Sustainable PoS + Proof of Benefit + Proof of Donation.
5ireChain uses a digital signature algorithm that is uncrackable, even by the powerful quantum computers that will exist in the future. Existing blockchains use an ECDSA algorithm which could be broken by future quantum computers.
Unlike traditional blockchains, users will be able to send transactions on 5ireChain using a receiver’s phone number or email as identification.
Robust security is one of our top priorities. 5ireChain uses trusted platform modules (TPMs) to perform remote attestation, ensuring that nodes are not running malicious code.
5ire is introducing light nodes that can run on a browser or phone, forgoing the need for the huge systems traditionally needed by validators to engage in a network.
5ire’s homomorphic encryption includes E2E encryption while computing, allowing users to keep personal and financial information private on 5ireChain while still enabling validating nodes to perform operations on encrypted data.
Because 5ireChain is based on WebAssembly, it is able to upgrade its runtime logic without hard forking. Upgrades are enacted through the 5ireChain governance mechanism.
5ireChain strikes a perfect balance in solving the blockchain trilemma between security, scalability, and decentralisation.