Questions, answered.
Plain-English answers to the questions we get most often. If yours isn't here, drop it in Discord.
General Information
What is Salvium?
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Salvium is a private, proof-of-work Layer 1 blockchain that balances strong privacy with the regulatory primitives needed for real-world finance. For a comprehensive overview, see the About page.
How does Salvium differ from other privacy coins like Monero?
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While Salvium builds on Monero's privacy features, it distinguishes itself through a focus on DeFi capabilities and regulatory compliance. Salvium introduces staking, yield generation, and features designed to meet emerging crypto regulations while maintaining strong privacy protections.
Who is behind the Salvium project?
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Salvium is developed by a team of experienced, anonymous experts in Monero, decentralized finance (DeFi), and applied cryptography. While the team members remain anonymous to maintain the project's decentralized nature, they bring a wealth of experience from pioneering work in implementing advanced cryptographic techniques for transaction privacy and security. The project began as a research initiative in early 2023 and has since evolved into a full-fledged blockchain platform.
Tokenomics & Mining
What is the total supply of Salvium (SAL) tokens?
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The initial supply of Salvium is 184.4 million SAL, with a tail emission of 3 SAL per block after the initial supply is mined.
What is the block time for Salvium?
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The block time for Salvium is 120 seconds (2 minutes).
How can I mine Salvium?
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Salvium uses the RandomX mining algorithm. Detailed mining instructions are available in the official documentation.
Was there a pre-mine for Salvium, and if so, what was its purpose?
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Yes, Salvium had a 12.01% pre-mine. This pre-mine serves two main purposes: Build (3.53%) — allocated as incentives for early developers and contributors to support the project's launch; Operations (8.48%) — set aside for ongoing development, enhancements, and new feature implementation, with these tokens time-locked and released over 24 monthly installments. The pre-mine is crucial for funding the project's development and ensuring its long-term sustainability.
Privacy & Security
How does Salvium ensure privacy in transactions?
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Salvium uses a combination of Ring Signatures, Ring Confidential Transactions (RingCT), and Stealth Addresses to protect the privacy of senders, receivers, and transaction amounts.
How does Salvium address regulatory compliance?
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Salvium is actively working towards regulatory compliance. We're implementing features like Exchange Mode, refundable transactions, and view keys to meet emerging regulatory requirements while maintaining core privacy features.
What is the purpose of the "Exchange Mode" in Salvium?
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Exchange Mode is designed to help exchanges comply with MiCA regulations. It includes features like freezing incoming payments and the ability to return exact received funds, enabling exchanges to operate with Salvium while meeting regulatory requirements.
Technology & Features
How does staking work in Salvium?
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Staking in Salvium allows users to lock their SAL tokens to earn rewards. Stakers receive 20% of the block reward, distributed proportionally among all active stakers based on their staked amount.
What is the "protocol_tx" feature in Salvium?
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protocol_tx is a block-level transaction used for minting new coins (except block rewards) and facilitating advanced features like stake payouts and yield distribution.
What are Asynchronous Transactions in Salvium?
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Asynchronous Transactions allow for the minting of coins in separate blocks from burn transactions, enabling more complex operations like yield payouts for staking.
How does Salvium plan to implement smart contracts?
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Smart contract functionality is planned for Phase 3 of Salvium's development. We aim to leverage our protocol_tx innovation and provide Ethereum dApp porting middleware to enable complex DeFi applications.
Usage & Participation
Is Salvium compatible with hardware wallets?
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Currently, Salvium is not compatible with hardware wallets. However, there's no technical reason preventing compatibility in the future, and we're exploring this option as part of our ongoing development.
How can I get involved with the Salvium project?
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Join our community on Discord and participate in discussions, contribute to the open-source codebase on GitHub, help test new features and provide feedback, create educational content about Salvium, and spread the word in your networks.
Ready to take the green pill?
Start your journey with Salvium today and be part of the next generation of Private DeFi.