SignumPrice

(SIGNA)

Signum, using the native token Signa, is a public, decentralized blockchain project that focuses on sustainability and energy efficiency. Originally launched in 2014 under the name Burstcoin, it underwent a major rebranding in June 2021 to become Signum. The project is supported by the Signum Network Association, a Swiss-based non-profit organization dedicated to the development and growth of its ecosystem. The core innovation of Signum is its unique consensus mechanism known as Proof of Commitment or PoC plus. This is an evolution of the earlier Proof of Capacity protocol. Unlike Proof of Work systems that require high electricity consumption and specialized hardware, Signum utilizes available hard drive space for mining. This process, called plotting, allows miners to secure the network using consumer-grade computers, mobile devices, or even small systems like a Raspberry Pi. The PoC plus mechanism also incorporates a staking element, where participants can commit a balance of Signa to increase their effective mining capacity without needing to purchase additional physical storage. This approach significantly reduces the environmental impact and electronic waste associated with traditional blockchain mining. Signum is a feature-rich platform that supports decentralized applications and digital asset creation. It was the first blockchain to implement Turing-complete smart contracts, which are referred to as Automated Transactions. These contracts are capable of self-execution, meaning they can perform tasks on a schedule without requiring external triggers. For developers, the network provides a framework called SmartJ, which allows the creation and deployment of smart contracts using the Java programming language. The ecosystem includes a variety of built-in tools and functionalities. Users can create their own smart tokens for purposes such as crowdfunding or loyalty programs. The platform also features an alias system for mapping complex addresses to simple names, peer-to-peer encrypted messaging, and a decentralized exchange system. Beyond simple value transfers, Signum is designed to support use cases in decentralized finance, supply chain management, and the Internet of Things by providing a scalable and low-cost infrastructure for data storage and secure communication. Through its commitment to a green blockchain architecture, Signum aims to provide a functional and sustainable foundation for the future of decentralized technology. Learn more

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