Solaris XLR was released on 18th March, 2017. On Saturday, 07 October 2017, at 14:00 UTC the Solaris blockchain was relaunched. The former Nist5 algorithm was replaced by XEVAN.
XEVAN was founded by the Bitsend developer and has since then proven to be a stable, ASIC resistant and efficient algorithm. The Xevan hash algorithm is a unique combination from the dual X17 difficulty algorithm with an extension to 128 bits. Solaris has many unique features which distinguish it from other cryptocurrencies, some of which include a decentralized governance system which employs masternodes and an 'instant send' feature allowing transactions to be confirmed instantaneously.
Solaris understands that everyone has the right to privacy and so the wallet includes privacy features that give users the option to perform XLR transactions annonymously. Solaris is going a step further to consolidate this privacy feature by incorporating the ZeroCoin protocol.
Masternodes are computers that run a Solaris wallet and make decisions such as locking transactions with SwiftTX, coordinate obfuscation of coins, and voting on budget funding. Masternodes are required to have a 1000 XLR collateral and be able to run 24 hours a day without more than 1 hour of connection loss.
60 seconds block time is already very fast. In spite of that, solaris users may use SwiftTX to make transactions instantaneous, thus enabling to send coins with ZERO confirmation wait time required.
To promote an even ratio between staking nodes and masternodes in the network, Solaris uses a variable Seesaw Reward Balance System that dynamically adjusts the block reward size between masternodes and staking nodes. The seesaw rewards feature was originally developed by PIVX team.
Already extremely secure and private, with an optional feature to completely anonymize transactions. Solaris is aiming at establishing one of the first truly anonymous crypto-currencies. Soon, we will be using Zerocoin Protocol as our Full-time Transaction Protocol.
Built on Bitcoin Core 0.10.x. with some v0.13.2 updates and Dash core v0.12.1 BIP38 Encryption/Decryption of Private Keys.
SolarisCoin uses XEVAN as mining and spork algorithm. This algorithm was originally found by Bitsend (BSD) and has proven to protect against ASIC mining hardware.