In today's digital landscape, where the value of privacy is ever-increasing, Infinium stands out by offering a dedicated platform focused on confidentiality and security. As an open-source cryptocurrency and ecosystem, Infinium blends enterprise-grade privacy with top-tier security and scalability. Crafted for mass adoption, Infinium is not just another name in the blockchain space but a robust foundation for the next generation of confidential assets and decentralized applications. **Privacy Pioneers:** Originating from the Cryptonote protocol, Infinium is its advanced evolution, emphasizing unparalleled privacy. **Hybrid PoW/PoS Consensus:** By uniting the strengths of both Proof of Work and Proof of Stake processes, Infinium delivers enhanced security, curbing double-spend vulnerabilities. **Core Performance:** Infinium's asynchronous core is a testament to computational efficiency, ensuring forward/backward compatibility and a modular approach ready for the crypto realm's challenges. **Infinities:** A hallmark of Infinium, introducing the world's first hidden amounts Proof of Stake scheme, shaping a novel benchmark in blockchain consensus. **Confidential Assets:** Beyond the Infinium coin, our platform enables tokens that carry the weight of complete privacy, mirroring all the functionalities of the Infinium coin itself. **Ionic Swaps:** In Infinium's ecosystem, users can smoothly switch between different crypto assets, all while maintaining the essence of privacy. Additionally, with features like the dynamic Marketplace API, adaptable Escrow/P2P Contracts, and an array of projects nurtured on Infinium's foundation, our platform offers diverse opportunities for developers, traders, and all who value privacy in the digital age. Discover Infinium, where digital privacy isn't just an idea but a tangible reality.
Specifications
| General info | | | :------------------- | ------------------------------------- | | Release | 2024 | | Currency | Infinium | | Symbol | INF | | Hash algorithm | ProgPowZ | | Language | C++ | | Blockchain | PoS + PoW | | **Emission** | | | Block time | 1 minute | | Block reward | 1 INF | | Initial total supply | 70000000 INF | | Maximum Supply | ∞ (uncapped) | | **Resources** | | | Website | https://infinium.space | | Repository | https://github.com/Infinium-8 | | Explorer | https://explorer.infinium.space | | **Requirements** | | | Wallet requirements | 2 core x64 CPU, 4 GB RAM | | Wallet platforms | x64 Windows 10, Linux or Mac OS X 12 |
Emission
Infinium has a hybrid PoW/PoS consensus algorithm to secure the network and therefore emission is generated from two distinct sources: Proof of Work (PoW) mining. PoW mining creates new Infinium coins to reward miners for completing the calculation and therefore contributing to the network. 100% of the block reward goes to miners. Proof of Stake (PoS) staking. PoS staking also creates new Infinium coins to reward stakers for staking their funds and therefore contributing to the network.. 100% of the block reward goes to stakers.
| Emission | | | --------------------- | ------------ | | Block Time | 1 minute | | Block Reward | 1 INF | | Maximum Supply | ∞ (uncapped) | | Fee on TXs (flat fee) | 0.01 INF |
Infinium made the decision to set the block reward relatively low to avoid unnecessary selling price pressure while keeping the chain safe from TX flood. The block reward is fixed at 1 Infinium per block. We have an uncapped max supply because the assumption that TX flow and its fees would be enough to cover miners' appetite might not be accurate and Bitcoin might become a sad example of this. Having a fixed and slow emission (backed by strong consensus algo) looks like a more safe choice to us. Infinium total supply increases slightly over time while the inflation percentage decreases sligthly over time which can be seen below. | Date | Total Supply (INFINIUM) | Increasement of total supply compared to the year before | | ---------- | ----------------------- | -------------------------------------------------------- | | 01-01-2024 | 70,000,000 | ~0,751% | | 01-01-2025 | 70,525,600 | ~0,745% | | 01-01-2026 | 71,051,200 | ~0,740% | | 01-01-2027 | 71,576,800 | ~0,734% | | 01-01-2028 | 72,102,400 | ~0,729% | | 01-01-2029 | 72,628,000 | ~0,724% | | 01-01-2030 | 73,153,600 | ~0,718% | | 01-01-2031 | 73,679,200 | ~0,713% | | 01-01-2032 | 74,204,800 | ~0,708% | | 01-01-2033 | 74,730,400 | ~0,703% | | 01-01-2034 | 75,256,000 | ~0,698% |
The Infinium project is a technological evolution of the Infinium-8 (INF8) project, a previous project of the Infinium Developers. However, at the same time, the project has different emission curve and premine. To not screw over holders of Infinium-8 (INF8) we decided that it would be fair to give INF8 holders a choice: they were able to join in on the new model by participating in the swap and exchanging their INF8 to INF. The swap resulted in 63M swapped coins.
Infinium has a unique consensus system in which in order to perform the classic 51% attack, you need to have at least 51% PoW hashrate AND 51% PoS power (there can also be other ratios like 20%/90% and so on whitepaper. This way an attack becomes very expensive, in particular because the purchase of a significant portion of the coins on the market, would dramatically increase the price. If you try to use a small percentage of PoS coins for the attack, then the PoW power necessary for the attack becomes 800% or more. This makes it possible to establish a relatively low block reward and at the same time provide a high security level for the transaction history.
Being actively involved into crypto space since 2014, the Infinium team has been studying every financial model in the crypto market. Some of them are more sustainable than others but in the end they all come down to burning through reserves if the project doesn’t get picked up before reaching the “mainstream” phase. Even top tier projects have come across this issue in the past. These financial struggles have either required another round of personal investment, a second ICO, a call for donations, or simply resulted in the end of those projects. Infinium proposes a new solution. By staking our own development fund we will be able to run our operations using the interest gained, giving the team an ongoing source of funding to keep everyone paid and working happily. This also means that the actual development fund will remain intact.**91% Swap (63,740,000 INF)** Reserved for swap. This will be transparent and reported. **4.5% Founders, team members, and contributors (3,130,000 INF)** Coins are reserved for incentivizing current and future team members and contributors. **4.5% Development loan (3,130,000 INF)** Repayment of the coins loaned by a group of Infinium-8 shareholders in early 2024 to fund the project development leading up to the swap. **Conclusion** Most important to us is the long-term security and stability of Infinium. This ability to generate income to fund the project continuously is a new and exciting possibility. We’ve spent a great deal of time pouring over the numbers and believe this path forward not only assures success for the team, but also for all holders of Infinium coins for years to com
Frequently Asked Questions
Infinium leverages the proven and time-tested cryptographic primitives that were first introduced with CryptoNote. Transactions are made both untraceable, and unlinkable by using stealth addresses and ring-signatures. As first implemented in Infinium-8, downstream sender privacy is guaranteed by using output flags.
Infinium uses a hybrid PoS — PoW consensus mechanism. This makes double-spend attacks both un-feasible and improbable. PoS was implemented to complement and enhance the security provided by traditional PoW blockchains.
Each Infinium user can register with an alias, for example: @mywallet, a human-readable name associated with a payment address. Infinium users can easily send transactions to an alias: their wallets automatically check whether the name is registered in the blockchain.
Escrow, like its name, is a mechanism that was designed to facilitate secure anonymous payments between counter-parties. Infinium provides the framework for a secure and private transaction without the need for a trusted third party. Our Escrow system (as proposed) will require participants to make additional deposits, which they will forfeit if there is any attempt to act maliciously, or in a way that is contemptuous toward their counter party.
You can mine coins and use staking to increase your balance or trade coins on cryptocurrency exchanges.
Infinium and Infinium-8 are completely separated blockchains. Infinium-8 network will remain after Infinium launch. None of Infinium-8 transactions will be copied to Infinium network. The Dev team will continue to maintain and support Infinium-8 however, most of the new features will be developed into the Infinium codebase.
The mixin count refers to the number of signatures (apart from yours) in the ring signature that authorizes the transaction. Higher mixin value will typically provide more privacy because it will provide greater plausible deniability. It is impossible for any observer to know which is the real source of the funds.
This is due to sending many small inputs to the address. The solution is to split up the transaction and send smaller amounts.
To access the wallet in the event of a loss, you need something called a mnemonic recovery phrase or seed. This group of words that you received while creating your wallet are designed to add an extra layer of security. With these phrases you can easily restore lost wallets if you don’t have the passkey.
As Infinium wallet is a full node application, due to loading a blockchain and multiple wallets synchronizing , start time depends on your system specification and may be bottlenecked by internet connection speed.
Overview
Infinium is completely private by default, making use of stealth addresses, ring signatures, and from the moment we perform our Infinities hardfork, also RingCT.
Our blockchain is protected by our custom hybrid PoW/PoS consensus algorithm, pairing the advantages of each process to create a highly secure platform. This makes the system less prone to double-spend attacks, improving overall security.
Achieving computational excellence with forward/backward compatibility, modular design, and an asynchronous core. This makes our blockchain scalable and ready to handle high volumes of traffic.
World’s first Proof of Stake scheme that enhances traditional PoS with untraceability and hidden amounts, revolutionising blockchain consensus.
Anyone can easily issue their own currencies and digital tokens on the Infinium chain; assets secured by the same mechanisms that make Infinium so much more secure than first-generation cryptocurrencies, namely hidden addresses, hidden amounts and IP obfuscation.
An improvement on Atomic Swaps, innovating seamless cryptocurrency exchanges while preserving user privacy.
Explore our dynamic API, facilitating a seamless integration into the marketplace ecosystem. This feature allows anyone to spin up their own decentralized marketplace.
Our escrow service empowers users with customizable contracts in a trustless environment, secured by deposits to deter malfeasance.
Our implementation of Proof of Stake is as egalitarian as it can be. There is no minimum staking amount, so anyone can participate, contributing to our vision of having a highly decentralized ecosystem that anyone can use.
All Infinium Network users can create aliases, for example: @username. These aliases can be linked to a payment address, which makes our network more user friendly. In the long run, aliases will be used in a dedicated messenger, a user reputation service, and an alias-based authentication system.
Auditable wallets give people and organizations the option to create transparent wallets for situations where we would rather verify than trust.