Frequently Asked Questions

Infinium is an open-source cryptocurrency (layer-1) and ecosystem with enterprise-grade privacy, security, and scalability that operates as a robust foundation for confidential assets and decentralized applications (dApps).

Infinium uses a hybrid PoS - PoW consensus mechanism. This makes double-spend attacks both un-feasible. PoS was implemented to complement and enhance the security provided by traditional PoW blockchain.

All Infinium Network users can create aliases, for example: @username. These aliases provide a short, easy-to-remember name rather than a long string of characters that form a blockchain address. To send coins to an alias, simply type it in the address field starting with @, wallets will automatically detect it.

With Infinium Escrow Contracts, users can create fully customizable contracts, which essentially allow for any agreement conditions to be followed by all parties in a trustless way without any intermediary involvement. When using escrow contracts, a deposit is required from all parties involved, which they will forfeit if there is any attempt to act maliciously, peer-to-peer settlements in its purest form.

Auditable wallets allow people and organizations to create transparent wallets for situations where a third party would rather verify than trust. Creating auditable wallets doesn’t affect the privacy of the Infinium Network in any way. We use this feature for our foundation fund.

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.

Wallets where Infinium is available (Desktop)

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.

The mixin count refers to the number of signatures (apart from yours) in the ring signature that authorizes the transaction. A 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.