signed_metadata_only); binaries upload is the next manual operator step.popc_registry.json into deterministic chain-state (note: the PoPC redesign moved the base single-bond model activation to V15 / block 25,000, — superseded: the DTD does NOT require a PoPC bond at any height. The mainnet gate ships deactivated (DTD_POPC_GATE_CONSENSUS_ACTIVE = false) and the lottery is permissionless; the native SOST bond is the only collateral and the only slashable asset, slashed only on a consensus-defined bond failure); Beacon II-A real operator pubkey replaces the placeholder (canonical fingerprint bbb560e3ec86114a59762d467d645c88cfe0497a8f7ca542c973e2e0def8186b = sha256 of the lowercase uncompressed pubkey hex; recompute against src/beacon.cpp to detect a substituted key); threshold sync 95 % → 90 %. Conditional in V14: atomic swap HTLC activates only if the libwally-core sprint + end-to-end testnet pass before block 15,000 (this ultimately activated at V14.5 / #16,000; relay/policy flag-day #17,000); ⚠ historical: the former PoPC Model B (gold escrow via an Ethereum SOSTEscrow contract, including any "supervised mode") is superseded by the single native SOST bond — there is no gold-escrow PoPC in the current design; gold is an optional reward boost only, never collateral, never escrow, never slashed.In plain terms, deterministic token distribution means the split is computed from fixed, reproducible rules — never chosen by anyone.
It does not depend on who runs the calculation, which phone or computer, the browser, the internet speed, or any manual decision.
Auditable by anyone. Because the outcome is pure consensus data, anyone can re-derive the eligible set and the winner straight from the public chain and confirm it matches — via the explorer’s getlotteryaudit (per jackpot) or by recomputing the eligibility set over the last 288 blocks. You never have to trust a website or a person.
Rationale. Independent validating nodes are what make the chain hard to censor and hard to mislead. Jackpot V2 already makes a bound node identity (NODE_BIND + heartbeats) a condition for the jackpot. Extending that condition to the normal DTD would convert more miners into node operators, but applying it while the network is small would raise the cost of entry for new miners. The proposal is therefore adaptive: the requirement could appear only once the network is demonstrably mature.
Not by NODE_BIND count alone. Candidate inputs: distinct active miners; distinct active bound node identities; the share of active miners with an active bound node; persistence over time; network stability; observable node diversity; a minimum duration before activation; protection against temporary spikes. Thresholds are TBD and must come from simulation and incentive analysis — no number is proposed here.
If activation depended only on a simple count of miners with a bound node, a miner could rationally decline NODE_BIND to keep the stricter gate from activating. A naive single-threshold rule is therefore ruled out. Any concrete design must provide:
Before the requirement is extended, running a node should be close to one action for users (design direction, not a shipped feature): run node · run miner · create NODE_BIND · automatic heartbeats · Jackpot eligibility.
Activation would require, in order: an implementation; simulation of the maturity metric and of the incentive effects; tests; review and external audit; a public notice; and an explicit, height-gated activation rule. This proposal is not tied to the planned #40,000 reward split (80% miner / 15% DTD normal / 5% DTD Jackpot); the two are separate decisions.
Terminology. NODE_BIND binds a mining key to a node key with two signatures. It proves a cryptographic link — a bound node identity, verified node participation — not the uniqueness of a physical machine.
SOST: Proof of Irreversible Convergence. The complete technical specification covering ConvergenceX consensus, monetary policy, Gold Reserve, PoPC, governance model, security analysis, and constitutional rules. Version 4.6.
SOST follows a sound-money-inspired design — four orthogonal properties that must hold simultaneously and forever. Two of them enforce credibility of issuance: the chain advances at a predictable rate (Time) under a measurable, energy-bounded effort (Work). The other two enforce credibility of value: total supply is finite (Scarcity) and an explicit fraction is converted, by consensus, into a gold-funded reserve (Store-of-Value Architecture). All four are hard-coded at genesis with no governance override. Every section of this whitepaper either specifies one of these pillars or proves it.
Block production is paced at a 10-minute target (600 s) via the cASERT unified rate
controller. Difficulty (bits_q, Q16.16 fixed-point) adjusts every block from a
288-block running average against target — bidirectional and integer-only: it hardens when
blocks arrive too fast and eases when too slow. Layered above it, the ConvergenceX equalizer
maps chain lag onto a stability profile across the range
E7 (easing floor) → B0 (baseline) → H35 (hardening ceiling). The E7 floor is
immutable; the hardening ceiling was raised across forks (H13 pre-V12 → H20 from block 7,350
→ H35 at V13, block 12,000). From V11 onward a triangular cascade
provides emergency relief on stuck blocks without compromising the long-run schedule.
(The earlier L-series profile labels are retired; the live controller uses a direct
lag→profile mapping over E7–H35.)
The cadence is chosen, not arbitrary. 600 s yields 144 blocks/day = F₁₂, the 12th
Fibonacci number and 12². The monetary schedule extends the same sovereign-constant aesthetic:
per-block emission decays geometrically by e−1/4 ≈ 0.7788 each
131,553-block epoch — epoch length = round(52,560 × α) where the Feigenbaum
constant α ≈ 2.5029 — converging on a hard supply cap of
≈ 4,669,201 SOST (SUPPLY_CAP), echoing Feigenbaum
δ ≈ 4.6692. See section 3 (cASERT) and section 12.
ConvergenceX is a native, original Proof-of-Work design. It is NOT a fork and NOT a parameter-tweaked variant of Bitcoin SHA-256, Monero RandomX, Ethereum Ethash, Equihash, CryptoNight, Scrypt, X11, BLAKE-anything, ProgPoW, RandomHash, or any other prior algorithm. A mining attempt requires solving a 32×32 SPD linear system through 100,000 sequential rounds of integer-only gradient descent and proving the solution sits in a stable basin of attraction (Proof of Irreversible Convergence). Memory-hard: 4 GB dataset (SplitMix64-indexed, state-dependent access from V11 Phase 1) plus a 4 GB scratchpad shared by all mining threads — 8 GB total (the dataset is rebuilt every block from the previous block hash; the scratchpad once per emission epoch). Per-block 256-op program changes every block. Verifiers reconstruct sampled rounds with ~500 MB of RAM in ~0.2 ms. See section 3.
The hard cap is 4,669,201 SOST — the first seven significant digits of
Feigenbaum's first constant δ (≈ 4.6692016091…), the universal
ratio that governs the period-doubling route to chaos in nonlinear dynamical systems.
The choice is deliberate: ConvergenceX itself is built on the same family of dynamical systems.
Emission follows an exponential decay per 131,553-block epoch with quotient
q = e-1/4 ≈ 0.7788; epoch 0 reward = 7.85100863 SOST.
No premine, no ICO, no dev tax, no minting function, no governance override.
See section 4 (Monetary Policy) and Appendix A (Canonical Constants).
HISTORICAL (blocks 0–24,999; since #25,000 the split is 50% miner / 50% DTD and the vault receives nothing new): every block coinbase was split 50 / 25 / 25 by consensus
(PoW miner / Gold Funding Vault / PoPC Pool). Over the full emission curve this directs up
to 50% of total supply into two gold-reserve channels:
25% — Perpetual Gold Vault. Protocol-funded, one-way TWAP
purchases of tokenised precious metals (XAUT / PAXG today, broader basket later) deposited
into a Heritage Reserve on Ethereum mainnet. Observable reserve ratio — not a peg,
not a redemption right. See section 5.
For the current reserve governance status and tokenized-gold vault policy, see the
Gold & Metals Reserve page.
25% — Proof of Personal Custody (PoPC). Rewards distributed
from the PoPC Pool to holders who lock a single native SOST bond — the only
collateral and the only slashable asset. Gold is an optional reward boost only —
never collateral, never escrow, never slashed; if gold cannot be verified the user simply
receives no boost (never a lock, penalty, or slash). Gold Boost is deferred / off on mainnet
until a continuous gold-verification pipeline exists. The base single-bond model reached its V15 / block 25,000 height; on mainnet the DTD eligibility gate ships deactivated (DTD_POPC_GATE_CONSENSUS_ACTIVE = false) and the DTD is permissionless — no PoPC bond is required at any height. See section 6.
⚠ Historical: earlier drafts described two PoPC models — Model A (self-custody bonds) and Model B (gold escrow timelock via an Ethereum contract). Both are superseded by the single native SOST bond above; gold is no longer collateral, escrow, or slashable.
No peg. No redemption right. No price floor. No investment return. No legal claim over the reserve.
The split is enforced at validation: a block with the wrong coinbase shape is invalid.
See sections 5, 6, and Constitution C1–C15 (section 10).
Hardcoded at genesis · enforced by the current consensus rules · any change needs a network-adopted upgrade
SOST keeps blocks at about 600 seconds with two independent controls acting on the same Proof of Work. One decides how rare a winning result must be; the other decides how demanding each attempt is. Every node recomputes both and rejects a block that declares anything else.
commit ≤ target(bitsQ). Blocks too fast → bitsQ up, target down, harder. Too slow → bitsQ down, target up, easier. Q16.16 fixed point, integer-only.Historical designs — the five-signal PID/EWMA equalizer used before block 5,323, the H13/H20 ceilings of earlier versions, and the pre-genesis "L1–L6" level concept — are not current rules. They are kept for reference in the historical appendix only.
A mathematically grounded Proof-of-Work based on verifiable dynamical-system certificates. The whitepaper covers the complete protocol specification including consensus algorithm, monetary policy, reserve architecture, custody protocol, and constitutional framework.
| Title | SOST: Proof of Irreversible Convergence |
| Version | v4.5 — March 2026 |
| Authors | Neob (SOST) |
| Format | |
| Status | Production (mainnet) |
| Section 1 | Abstract |
| Section 2 | The Problem — PoW design space |
| Section 3 | ConvergenceX: Proof of Irreversible Convergence |
| Section 4 | Monetary Policy — Epoch-based emission with smooth exponential decay |
| Section 5 | Gold Protocol Reserve — Heritage vault |
| Section 6 | Proof of Personal Custody (PoPC) |
| Section 7 | Governance Model — No consensus governance |
| Section 8 | Economic Model — Demand, deflation, equilibrium |
| Section 9 | Security Analysis |
| Section 10 | The Constitution — C1–C15 |
| Section 11 | Roadmap |
| Section 12 | Technical Specifications |
| Appendix A | Canonical Constants (Normative) |
| Appendix B | Serialization (Normative) |
| Appendix C | PRNG Specification (Normative) |
| Appendix D | Test Vectors (Normative) |
| Appendix G | Emergency Reserve Authorization (V6 5-Defense Model) |
The whitepaper is published on multiple channels for redundancy and tamper-resistance. Verify the document hash against the published checksum.
| GitHub | github.com/sost-protocol/whitepaper |
| IPFS mirror | Pinned — immutable content-addressed copy |
| Website | sostcore.com/sost-whitepaper.html |
| Checksum | SHA-256 published in repository |
| Name / Symbol | SOST |
| Genesis | 2026-03-15 18:00:00 UTC |
| Algorithm | ConvergenceX (4GB, 100k rounds, sequential) |
| Block time | 600 seconds target |
| Max supply | 4,669,201.609 SOST (hard cap) |
| Min unit | 1 stock = 0.00000001 SOST |
| Epoch | 131,553 blocks (~2.5 years, Feigenbaum α) |
| Initial reward | 7.85100863 SOST/block |
| Coinbase split | 50% miner / 50% DTD since V15 (#25,000) · historical 50% miner / 25% gold / 25% PoPC for blocks 0–24,999 |
| Annual decay | ~9.03% (smooth, no halvings) |
| Difficulty | cASERT bitsQ Q16.16, per-block; V5 (block 5,175+): avg288-based, dynamic cap (block 5,270+: ±15 s dead band, then 0.5/1.0/2.0/≈3.03%); Equalizer 43 profiles E7–H35, direct lag map (block 5,323+), anti-stall 60 min; relief: current V12 triangular cascade (block 7,350+, up to 28 levels, floor E7) — HISTORICAL: V8 single E7 cliff at 605 s (block 5,750+) → V9 staged drop 3/60 s from 540 s (block 6,550+) → V10 granular drop 1/60 s from 600 s (block 6,700+) → V11 linear (7,000) / triangular cap 21 (7,100); historical: 48h then 24h half-life |
| Reserve | Heritage (sealed by default), Ethereum mainnet |
| Emergency | ≥90% block-based miner signaling over 67-block window (ceil = 61 blocks) + 5-defense Gold Vault model + Transitional Guardian with 10-block pronouncement window and auto-disconnect at block 25,000. V14 height reached (#15,000); emergency-governance / Gold-Vault spend gates remain deferred on mainnet (no activation height). Historical: original V6 / block 10,000 / ≥95 % design. See V13 scope update. |
| Premine / ICO | 0 — none |
| Consensus governance | None — immutable at genesis |
Lines-of-code totals for the SOST stack as of 2026-05-10, side by side with the Bitcoin Core reference implementation. LOC is a rough engineering metric — not a quality, security or decentralisation metric — but it gives a sense of how much surface area the project covers.
| Component | ||
|---|---|---|
| Blockchain core (C++ / protocol) | 36,740 | ~280–310k |
| Consensus & integration tests (C++ / Python) | 37,187 | — |
| Front-end & explorer (HTML + JS + CSS) | 76,283 | — |
| Protocol scripts, tooling & services (Python) | 24,457 | — |
| Documentation (markdown) | 37,650 | (separate) |
| Total code (excl. docs) | 174,667 | ~280–310k |
| Total code + docs | 212,317 | — |
1. The blockchain core alone is 5–7× smaller than Bitcoin Core. Bitcoin Core has 15+ years of P2P hardening, scripting (Script + Taproot), thousands of tests, and dozens of network conditions handled in production. SOST does not, and pretending otherwise would be dishonest.
2. The comparison is not apples-to-apples. The SOST total includes a hand-rolled front-end and block explorer plus protocol tooling and test suites that Bitcoin Core does not contain. The comparable blockchain core is the 36,740-line figure above.
3. What the numbers do show. SOST is a serious open-source project (~212,317 LOC including documentation) with depth beyond a typical altcoin fork — the consensus is custom (ConvergenceX + cASERT), the wallet model is in-house, the front-end is hand-rolled, and SOST is integrated with two external scientific systems.
4. What the numbers do NOT show. Network effect, peer count, security audits, deployed value, decentralisation. Those are independent of LOC and Bitcoin leads on every one of them.
Counts measured 2026-05-10 with find ... | xargs wc -l over each component's own source tree, excluding build artefacts and vendored code. Bitcoin Core figure is the upstream bitcoin/bitcoin master snapshot, code + tests, no docs.
SOST ships two trading surfaces. Both are non-custodial, both are simple by design, and both have an explicit security model. Fiat trades are not offered as a consensus feature — the SOST chain cannot verify a bank, so SOST refuses to pretend it can.
Proof of Personal Custody (PoPC) is a single non-tradeable native SOST bond, not a market instrument. In V15 there is no PoPC DEX and no PoPC contract / position trading: a bond is created, locked, and claimed by its owner, never bought or sold on an order book. The native SOST bond is the only collateral and the only slashable asset; gold is an optional reward boost only — never collateral, never escrowed, never slashed. The real trading surface is the Atomic Swap DEX / OTC described below.
The subsection below describes an earlier "SOST DEX (PoPC)" that traded PoPC contracts collateralised by tokenised gold held in an Ethereum SOSTEscrow.sol contract (the old Model B). This is historical. PoPC is now a single native SOST bond with no contract trading and no gold escrow; gold is an optional boost only. The text is kept for reference.
The SOST DEX traded PoPC contracts (Proof of Personal Custody positions backed by tokenised or physical gold). Every trade combined three independent security layers:
SOSTEscrow.sol contract. SOST holds no keys to that contract. Releases happen by on-chain logic the two parties trigger themselves — no admin, no operator, no oracle.SOST cannot reverse trades, cannot recover funds sent to a wrong address, cannot compel delivery, and cannot verify off-chain promises. That was the design. What it did instead: enforced structural integrity of every signed payload, anchored every trade in cryptographic primitives, and surfaced 26 known scam patterns via the client-side Sentinel chat layer.
The community OTC / P2P Board hosts user-to-user trades against seven counterparty assets: BTC, ETH, USDT, USDC, BNB, PAXG, XAUT. The intended settlement mechanism is the atomic swap HTLC (Hashed Time-Locked Contract): cryptography enforces that either both parties receive their funds, or both refund — no intermediate state exists in which one side walks away with everything. No SOST escrow, no admin custody, no first-mover risk, no protocol authority.
The implementation status (as of this revision) is:
src/tx_validation.cpp; nodes have accepted HTLC transactions since #16,000.createhtlclock, claimhtlc, refundhtlc, decodehtlc, gethtlcstatus are available.regtest (P2WSH funding, preimage claim, refund, reorg test); BTC signing is OFF by default (CMake flag) and not compiled into the official binaries.The trust profile of the seven assets splits into two categories. Trust-minimized (BTC, ETH, BNB): no token-issuer freeze risk; cryptographic atomicity holds on both sides. Issuer-risk (USDT, USDC, PAXG, XAUT): the underlying token can be frozen by its issuer (Tether, Circle, Paxos, TG Commodities); if that happens mid-swap, the SOST side still refunds correctly but the counterparty side may become uncollectible. The DEX UI labels these four explicitly and recommends small amounts for them; larger amounts should stick to Category A.
A trade where one leg is a SEPA transfer, wire, or cash payment cannot be made cryptographically atomic. The SOST chain has no view into a bank. Any mechanism that would "penalise the unpaid fiat side automatically" requires either (a) an oracle that reads the bank — which is arbitration and turns SOST into a regulated intermediary — or (b) one party self-declaring incumplimiento, which is a trivially-exploitable robbery primitive; both also enable Sybil collusion farms. There is no third path.
Therefore SOST does not offer fiat OTC as a consensus service. The community discussion board still permits conversations about fiat trades (people are free to do whatever they want with each other), but SOST provides no escrow, no penalty, no dispute resolution, and no implied safety. SOST's strong recommendation is to keep all trades in the crypto-to-crypto path (atomic swap) where the cryptography itself can enforce safety. Any fiat trade is off-protocol, at user risk, with no protocol safety net.
Both surfaces follow the same five-step UI discipline so the user can be safe without becoming a cryptographer:
sostcore.com (the only official domain; the former sostprotocol.com is being retired). Never click a link from a DM.Anything sold outside this flow — Telegram DMs, "official escrow admin", address changes by chat, advance fees, screenshot proofs — is a scam pattern. The client-side Sentinel flags 26 known variants at the chat layer. The OTC and DEX pages document each pattern with worked examples. If a counterparty pushes you off the official flow, stop the trade.
SOST is an open Proof-of-Work chain: every node independently verifies blocks and follows the chain with the highest cumulative verified work (not the longest, and never a peer's self-reported work). SOST does not use ChainLocks, masternodes, validator quorums, miner votes or a developer-selected chain. It therefore offers probabilistic PoW security, not mathematically irreversible finality: a sufficiently powerful adversary that produces a valid higher-work chain cannot be excluded by software alone.
SACS (SOST Autonomous Chain Safety) is a safety layer with two clearly separated parts:
getchainsafety RPC, a transaction-safety state machine (CONFIRMED → REORGED → REENTERED_MEMPOOL → CONFLICTED) and reconciliation for the wallet, Explorer, DEX and exchanges, plus recovery/persistence hardening. This is observability and application protection — it changes no consensus rule: a SACS alert can make an application wait or pause, never turn a valid block invalid, never halt honest mining. Blockchain truth outranks any local database or UI.Status: SACS Core is code-complete and lab-verified on a research branch; it is not live on mainnet and no node binary is swapped before #30,000. SACS provides autonomous detection, recovery support and transaction-safety signals — it does not provide absolute, irreversible finality.
The current leading scenario under study is a future activation around block #40,000 or #50,000, subject to network maturity, miner distribution and further simulation. 80/15/5 supersedes 75/20/5 as the current leading research scenario.
80% — direct PoW miner reward. Miners contribute measurable hashpower, valid block production and computational/economic chain security.
15% — normal DTD distribution continues per block.
5% — into the existing DTD Jackpot pool. This 5% accumulates in the DTD Jackpot pool that V30000 already distributes — it is NOT a direct 5% node payment per block. When jackpots are paid, the existing V30000 DTD Jackpot eligibility framework remains applicable, including the node / NODE_BIND eligibility requirements.
This gives two complementary incentives: (1) a direct PoW incentive for the miners securing the chain, and (2) an accumulated Jackpot incentive for eligible network participants that maintain the required network infrastructure.
No new supply. All three allocations come from the existing block emission. Not consensus. Blocks #40,000 and #50,000 are the two most likely activation scenarios — neither height is final. The 80/15/5 structure is the leading research candidate, not active consensus (current consensus is unchanged: 50% miner / 50% DTD) and supersedes 75/20/5 as the leading scenario. Any implementation would require explicit consensus rules and a future hard fork. SOST is also actively pursuing full decentralization of the system as soon as possible.
The network and mining layers are already partially decentralized: multiple independent nodes, multiple active miners, open-source code, and no admin keys for block production.
However, two economic custody components are still temporarily centralized during Phase I (until governance activates — originally targeted for V6 / block 10,000, deferred to V14 / block 15,000 after the 2026-05-18 scope review; see banner above and docs/V13_PUBLIC_SCOPE_UPDATE.md):
docs/V13_GOLD_VAULT_GOVERNANCE_GATES.md.DTD_POPC_GATE_CONSENSUS_ACTIVE = false): the DTD is permissionless — mining one valid block is the only requirement, and V16 at #30,000 changes which miners qualify, not whether a bond is needed. The Gold Vault / Metals Reserve (the other 25%) is a separate channel and is not the PoPC reward source. Full audit at docs/V13_POPC_ESCROW_AUTO_ACTIVATION_GAPS.mdSOST developer cannot change the constitutional 50/25/25 split (blocks 0–24,999; 50/50 miner/DTD since #25,000), because it is hardcoded at genesis. What remains centralized during Phase I is custody, not the emission rule itself.
Custody transition roadmap:
The custody arrangement during Phase I is at SOST developer’s operational discretion. The transition to network custody at block 10,000 has a hard date encoded in the consensus rules — it is not subject to the developer’s later willingness to step back. The Gold Vault must be able to change form, but not purpose.
Two different questions are mixed up all the time: how a protocol is designed, and how decentralized its real network is. Bitcoin and Ethereum are remarkable not only for their design but because thousands of independent people and organisations run them, verify them and have real money at stake, year after year. SOST shares the design principles of permissionless consensus; it does not yet have that maturity.
| Bitcoin | Ethereum | SOST | |
|---|---|---|---|
| Security | Proof of Work (SHA-256d) | Proof of Stake | Proof of Work (ConvergenceX) |
| What you commit | ASICs + energy | 32 ETH (solo validator) | CPU + RAM + energy; no deposit |
| Block producer | whoever finds the PoW | validator selected per slot | whoever finds the PoW |
| Votes / attestations | no | yes | no |
| Slashing | no | yes | no |
| Direct reward | 100% subsidy + fees to the finder | issuance; proposer also gets fees/MEV | 50% of subsidy + fees to the finder |
| Extra reward | — | occasional block proposal | DTD every block · Jackpot every 288 blocks |
| Are nodes paid? | no | only as validators | no — a bound node is a Jackpot condition, never a multiplier |
| Sybil resistance | hashrate | staked ETH | real PoW blocks (SbPoW-signed identities) |
| Coins locked to take part | no | yes | no |
| Finality | probabilistic (more blocks = safer) | explicit, after ~2 epochs (~13 min) | probabilistic |
| Difficulty adjustment | every 2,016 blocks | n/a | every block: bitsQ + Equalizer |
| Long-term security budget | fees after the last halving | issuance + fees | fees only after the cap (no tail emission); under current rules half of fees also go to DTD |
Paying every node invites a Sybil attack: one person rents 10,000 cheap servers and claims 10,000 rewards. The Internet cannot tell 100 IPs that are 100 people from 100 IPs that are one person. Jackpot V2 therefore uses the node only as a door, and real PoW as the weight:
Normal DTD today: an address must have mined in the last 288 blocks; addresses that mined any of the previous 6 blocks are skipped (with a fallback if that would leave nobody); the draw is uniform among the eligible, not proportional to hashrate. An anti-dominance rule (an address with ≥10% of the last 288 blocks is skipped) exists but switches on only when at least 11 distinct miners are active — so with today's small miner set it is not in effect. Jackpot V2 has no cooldown and no anti-dominance.
| Property | Bitcoin | Ethereum | SOST (goal, if reached) |
|---|---|---|---|
| Permissionless consensus | yes | yes | yes (today too) |
| Your own node verifies all rules | yes | yes | yes (today too) |
| Home hardware competitive in block production | no (ASICs) | node yes; validating needs 32 ETH | the design goal — not yet proven under adversaries |
| Client diversity | moderate | very high | one implementation today |
| Independent operators | enormous | enormous | must grow a lot |
| Years under attack | ~17 | ~11 | months |
| Dependence on the creator | none | very low | goal: none |
The target architecture of the bridge is the SOST Atomic Bridge (3.16.1). C701 replaced the previous federated design with automated verification; its lock/mint model is now the conventional reference (3.16.2). The bridge, wSOST and Gold Reserve V2 exist only as development contracts, a verification-engine prototype and tests on a local development chain. Nothing is deployed on any public chain, no contract is live, no funds exist and there is no launch date; real operations are blocked by design until the open blockers below are closed, and any future activation is subject to security work, an external audit and legal/regulatory review. Current consensus (50% miner / 50% DTD) is unchanged; #40,000 is a research horizon, not an activation commitment. Public explanation and DEMO: wSOST & Gold Vault.
On 2026-10-26 SOST fixed one target architecture for the bridge: the SOST Atomic Bridge, an Atomic Reserve Vault (ARV). SOST does not intend to mint a new wSOST for every bridge operation. The target uses a preissued, immobilized wSOST reserve on Ethereum and bidirectional atomic swaps; native SOST received by the bridge forms the corresponding reserve. The conventional lock/mint design of 3.16.2 (C701/C703) is kept as the reference model and as the prototype whose components are reused; it is not a second product.
Premint accounting:
Native SOST is never burned. Returned wSOST goes back to the inventory: no burn is required. A large inventory is itself a target; it would be sized to the exposure caps and topped up in tranches (the 1,000,000 figure is illustrative).
Entry (SOST → wSOST, 1,000) with the native HTLC active since #16,000 and an Ethereum HTLC with the same sha256 hashlock:
Step 4 must not happen for a SOST lock that does not exist, so the entry still needs a verifier: today the engine's authorization (a threshold of keys is possible), later possibly a SOST light client on Ethereum. Mint authority becomes release-from-inventory authority, bounded by the inventory and the caps, not removed.
Exit (wSOST → SOST, 500):
Failure and refund: the side that moves first gets the longer deadline. If the vault never releases, the user refunds the SOST; if the user never claims, the vault HTLC returns to the inventory and the user refunds; the XAUT escrow returns on expiry; secrets and swap ids are single-use. Two risks stay open: (a) if the user claims wSOST and the reserve fails to claim the SOST before the user's deadline, the user could refund and keep the wSOST (only the claim key can claim a SOST HTLC, so watchtowers cannot help); (b) a reorg of the SOST lock after the vault released is bounded only by the 30-confirmation depth. The Gold Access Key is escrowed before the claim because a secret revealed in a reverted claim would otherwise let the reserve take the SOST while the user received nothing.
The central problem — who controls the native SOST reserve? An atomic swap coordinates the exchange; it does not decide who controls the SOST afterwards. The native HTLC has single-key claim and refund keys. V17 native multisig (OUT_MULTISIG, M-of-N <= 15, no script engine) may fund an HTLC and receive an HTLC claim, but cannot be an HTLC claimant or refund key, and has no timelocked recovery path. A 3-of-5 reserve reduces single-key risk; three signers can still move the whole reserve, and they decide off-chain when to fund an exit. With current and V17 primitives, arbitrary withdrawal by the reserve signers is NOT impossible. Missing primitives (research only, none authorized, consensus unchanged):
Cross-chain proofs keep a role, no longer for every exchange: the entry release, public reserve verification, settlement checks, reorg detection and recovery. ConvergenceX has a compact transcript proof (about 10-20 ms natively, no 4 GB dataset), so a SOST light client on Ethereum is not ruled out; its EVM cost with the cASERT rules is unmeasured and expected to be high.
Comparison (official documentation, 2026-10): Atomiq verifies Bitcoin PoW with an on-chain light client and releases LP liquidity from UTXO-controlled vaults; THORChain uses a bonded validator set, TSS vaults and liquidity pools; Chainflip uses 150 validators and an aggregate key with FROST 100-of-150 signing. The SOST design aims to avoid a separate validator network and a pool; it is not claimed to be more secure, more advanced or novel. Neither model A (lock/mint) nor model B (ARV) is automatically trustless.
Proof of concept (testnet / devnet only, NOT STARTED): 100 fictitious preminted wSOST; entry, exit, counterparty disappears, deadline ordering, engine stops, secret replay, concurrent swaps, reserve insufficient, reorg, attempted reserve theft; decisive test 500 SOST → 500 wSOST → 500 SOST with 1:1 kept and no operator permission. The theft test is expected to fail with today's primitives. Until all of it is shown, the Atomic Reserve Vault is RESEARCH ONLY.
A reserve that nobody holds a key to can only react to events its own chain can verify. Hashlocks alone cannot protect it: with no deciding counterparty, anyone could make it lock SOST under a secret of their own choosing. The keyless form of the Atomic Bridge therefore replaces "who signs" with "what is proven", in both directions: the Ethereum vault releases inventory only against a proof of a confirmed SOST deposit, and SOST pays from the reserve only against a proof of a finalized Ethereum return. HTLCs remain only as an optional fast path for market makers swapping their own funds. Minimum new SOST primitives (research only, none authorized, consensus unchanged):
Every action is permissionless: amount and destination are fixed by the deposit or the Ethereum event, so execution is open and ownership does not exist. A bounded model check (research/arv/arv_model.py) explores every order of events with users, relayers and an attacker who holds funds: a key or M-of-N reserve can be taken (DESIGN FAIL); the keyless rules lose or duplicate nothing and every user can finish or cancel alone; a SOST reorg deeper than the confirmation depth breaks the backing. Evidence, not a formal proof. Remaining trust: SOST PoW majority (weak while mining is concentrated, so amounts must be capped), more than 2/3 of Ethereum's 512-member sync committee, code correctness, one honest relayer, bootstrap checkpoints; every Ethereum hard fork needs a SOST release first, or the reserve waits frozen. Both rules are a hard fork: NOT in V17 (#40,000); better as V18, after a devnet PoC of N1 + N2 and an external review. No bridge is 100% trustless; the aim is no custodian, no admin key, no multisig and no human approval.
The XAUT contribution (Gold Access Key) is NOT backing of SOST or wSOST, NOT a peg, NOT a price floor, NOT a price guarantee, NOT a redemption promise and NOT 1:1 gold backing. Gold held by Gold Reserve V2 gives no individual redemption right.
The cap was revised from 50 EUR to 250 EUR on 2026-10-26: at 1,000,000 EUR the effective rate is 0.025%, against 0.005% with a 50 EUR cap. Fees of other bridges price capital, relayers and gas and are not directly comparable to this contribution.
Most bridges pay their fee to liquidity providers, relayers, a treasury or token holders, and many depend on an outside key set or a pool (Ronin 2022: 5 of 9 validator keys; Harmony Horizon 2022: 2 of 5 multisig keys; Wormhole 2022: a signature-verification bug minted 120,000 wrapped ETH). The SOST design has no pool (always exactly 1:1), no outside federation, no fee on the return, and its fee builds a public gold reserve. It is not trustless: in its first version the engine is a single central point of trust, which is why it is not active. No bridge model is universally better.
Custody target with V17 (#40,000) native multisig: a 3-of-5 Bridge Vault, with spending keys separate from the Ethereum mint-authorization key. Status: not audited; contracts and engine are development prototypes. Full explanation, state names, comparison and worked examples: wSOST & Gold Vault.
SOST/EUR has no approved methodology: while it is absent the contract refuses every mint and the engine every request. The informational gold reference (0.8886707657 mg per SOST) is not a market price and is never used for fees.
Ethereum cannot read SOST, so in the current prototype backing is asserted by the operator's authorizer keys: a central point of trust. A compromised authorizer key could issue unbacked wSOST up to the per-mint, daily and exposure caps until reconciliation (BALANCED / PENDING / CRITICAL) pauses minting — this is why the design is not ready for production. Native SOST multisig is not active (planned for V17), so today the Bridge Vault could only be a single cold key with offline releases. A refund requires a final on-chain revoke and the expiry of every issued authorization, so nobody can keep both. Stronger options under study: SOST header relay with Merkle inclusion proofs, succinct validity proofs, delay/veto windows for large mints, threshold signing and native multisig.
MINTED_WSOST <= VERIFIED_CONFIRMED_NATIVE_SOST_LOCKED, and the system must fail closed (no mint) whenever it cannot be demonstrated. The current prototype does not meet this yet.SOST is not individually gold-backed: the reserve is restricted external ecosystem wealth with no individual right of redemption, parity, yield or guarantee.
SOST votes do not execute Ethereum state: guardians do. Ignoring a valid vote would be publicly provable, not technically impossible — hence four layers: guardians, vote, timelock and destination-restricted contract. SOST and wSOST are never described as gold-backed, pegged, floored or redeemable.
HISTORICAL / SUPERSEDED DESIGN (kept for the record, never operational): the Gold → wSOST desk (selling existing treasury wSOST for XAUT at auction/TWAP prices), funding Gold Reserve V2 through that sale, 2-of-3 federated observer attestations with a relayer paying the mint gas, and the WSOST:0x… deposit capsule. It is not operational and is no longer the target architecture.
SOST is not positioned as a Bitcoin clone. It combines Bitcoin-like timing discipline, CPU-heavy original work, mathematical scarcity, and a constitutional reserve design. The four tables below place SOST against six well-known PoW chains so the reader can see exactly where the design overlaps and where it diverges.
Snapshot refreshed 2026-10-06 UTC — a point-in-time reading, not updated on every page load. The SOST row is live from the explorer; the six comparison chains are current heights as of that date. Drift = current height − expected, where expected = (now − chain genesis) ÷ canonical target spacing (computed two-phase for Monero and Zcash, which changed target). Block heights and schedule drift change every minute; see the live explorer at sost-explorer.html for the current SOST height. Sources for the comparison columns: Blockchain.info (BTC), Blockchair (LTC, DOGE, BCH, ZEC), moneroblocks.info (XMR).
| Chain | Target / block | Height now | Expected | Drift | Status |
|---|---|---|---|---|---|
| 600 s (10 min) | 970,202 | ~933,800 | +36,400 | Ahead ~253 days | |
| 150 s (2.5 min) | 3,190,417 | ~3,155,500 | +34,900 | Ahead ~61 days | |
| 60 s (1 min) | 6,546,187 | ~6,749,600 | −203,500 | Behind ~141 days | |
| 120 s (60 s before 2016) | 3,778,247 | ~3,781,100 | −2,900 | Essentially on time | |
| 600 s | 971,773 | ~933,800 | +37,900 | Ahead ~264 days | |
| 75 s (150 s pre-Blossom) | 3,508,520 | ~3,526,300 | −17,800 | Behind ~15 days | |
| 600 s | 29,530 | ~29,511 | +19 | Essentially on time |
Reading: chains with bulk retarget (BTC, LTC) accumulate large positive drift because their hashrate has grown exponentially faster than two-week recalibration can correct. BCH switched to ASERT in 2020 and the drift growth flattened. Dogecoin’s drift is negative because its merge-mining economy with Litecoin and DigiShield retarget combine to produce blocks slower than its 1-minute target. Monero, Zcash and SOST track their schedule within a fraction of a day — the property delivered by per-block retarget.
Why ~7 TPS does not mean 7 transactions per block.
SOST is a Proof-of-Work, UTXO blockchain. Throughput comes from three verifiable consensus parameters: block size ≈ 1 MB (MAX_BLOCK_BYTES_CONSENSUS = 1,000,000), target spacing ≈ 600 s (TARGET_SPACING = 600), and a UTXO transaction whose serialized size varies with its inputs/outputs/data (a minimal 1-in / 1-out transfer ≈ 170 bytes). A block may hold up to 65,536 tx by consensus; the default miner template caps selection at 4,096.
~7 TPS does not mean each block has 7 transactions. It means: thousands of transactions fit in one block ÷ ~600 seconds ≈ average sustained TPS.
TX_per_block ≈ usable_block_bytes / average_TX_bytes TPS ≈ TX_per_block / target_block_spacing
Worked example — if an average simple transaction were ~250 bytes:
1,000,000 bytes / 250 bytes ≈ 4,000 transactions / block 4,000 / 600 seconds ≈ 6.7 TPS
| Average TX size | Approx TX / block | Approx TPS |
|---|---|---|
| 170 bytes | ~5,800 | ~9.7 |
| 200 bytes | ~5,000 | ~8.3 |
| 250 bytes | ~4,000 | ~6.7 |
| 300 bytes | ~3,300 | ~5.5 |
| 500 bytes | ~2,000 | ~3.3 |
Approximations, not a guaranteed maximum — they ignore header/coinbase overhead; transactions with more inputs/outputs or payload are larger. SOST can include several thousand ordinary transactions per block.
A full block does not drop transactions — the surplus waits in the mempool for the next blocks (fee-rate ordered, policy-limited):
10,000 transactions waiting
↓
BLOCK 1 ~4,000 TX → ~6,000 remain
↓
BLOCK 2 ~4,000 TX → ~2,000 remain
↓
BLOCK 3 remaining TX| Sustained TPS | Transactions / day |
|---|---|
| 5 TPS | ≈ 432,000 |
| 7 TPS | ≈ 604,800 |
| 10 TPS | ≈ 864,000 |
Theoretical/sustained illustrations — not current usage. One UTXO transaction can also pay many destinations at once (batching), so economic throughput can exceed one-payment-per-transaction.
For a young PoW network, ~1 MB is a conservative choice: low bandwidth, fast propagation, slow disk growth, cheap/accessible full nodes — all favouring decentralization.
| Block size | Approx TPS | Chain growth (full blocks) |
|---|---|---|
| 1 MB | ~6.7 TPS | ~52–53 GB/yr |
| 2 MB | ~13.3 TPS | ~105 GB/yr |
| 4 MB | ~26.7 TPS | ~210 GB/yr |
| 8 MB | ~53 TPS | ~420 GB/yr |
Growth figures are maxima if blocks were continuously full (~52,560 blocks/yr). Bigger blocks → more bandwidth, storage and propagation time, higher stale/orphan risk, costlier nodes, centralization pressure.
| Block time | Approx TPS (1 MB) | A 288-block window is… |
|---|---|---|
| 600 s (now) | ~6.7 TPS | 288 blk ≈ 2 days |
| 300 s | ~13.3 TPS | 288 blk ≈ 1 day |
| 120 s | ~33 TPS | 288 blk ≈ 9.6 h |
| 60 s | ~67 TPS | 288 blk ≈ 4.8 h |
| Network | Consensus / model | Block / slot | Approx TPS | How measured | Trade-off |
|---|---|---|---|---|---|
| PoW · ConvergenceX (CPU) · UTXO | ~1 MB / ~600 s | ~5–10 | protocol-capacity estimate — not benchmarked | security + decentralization | |
| PoW · SHA-256d · UTXO | ~1–4 MB wt / ~600 s | ~7 (up to ~27 batched) | practical, weight-dependent | maximum security; ASIC | |
| PoW · Scrypt · UTXO | ~1 MB / ~150 s | ~56 (capacity) | capacity (faster blocks) | faster settlement; ASIC | |
| PoW · Scrypt (merged) · UTXO | ~1 MB / ~60 s | ~33 (capacity) | capacity | fast/cheap; merge-mined | |
| PoW · SHA-256d · UTXO | ~32 MB / ~600 s | ~100–200+ (capacity) | capacity (big blocks) | throughput → heavier nodes | |
| PoW · RandomX (CPU) | dynamic / ~120 s | ~a few (flexible) | dynamic block + privacy | privacy + CPU mining | |
| PoW · Etchash · EVM | gas-limited / ~13 s | ~15 (gas-limited) | gas-limited | EVM + PoW | |
| PoW · Equihash · shielded | ~2 MB / ~75 s | ~27 (capacity) | capacity (shielded heavier) | zk privacy | |
| PoW · X11 · UTXO | ~2 MB / ~150 s | ~28–56 (InstantSend) | capacity / InstantSend | instant & private send | |
| PoW · kHeavyHash · BlockDAG | ~1 block/s | ~hundreds–1,000s | high block rate (GHOSTDAG) | high PoW TPS → heavier bandwidth | |
| PoW · KAWPOW · UTXO | ~1 min | ~tens (capacity) | capacity | asset issuance |
| Network | Consensus / model | Approx TPS | How measured | Trade-off |
|---|---|---|---|---|
| PoS · account/EVM | ~15 (L1) | gas-limited; scales on L2 | decentralized, L1-limited | |
| DPoS (27 super reps) | ~2,000 (claimed) | claimed; real throughput questioned lower | few producers → more centralized | |
| PoH + PoS · parallel | ~65,000 theo. / ~1–3k real | theoretical vs observed non-vote | very high TPS; high-spec validators |
The high-TPS chains reach those numbers with a very different, more centralized architecture. SOST deliberately sits in the Bitcoin camp — trading raw throughput for security, decentralization and CPU-fair mining anyone can verify.
Current priority order: security → decentralization → node accessibility → reliability, before raw TPS.
Verified from source: consensus_constants.h (1,000,000 B), params.h (600 s), transaction.cpp (input 133 B, output 30 B+), mempool.h (template 4,096). External figures are approximate and labelled by how measured; capacity ≠ current utilization, theoretical ≠ benchmarked. Sources: ethereum.org; TRON network-claimed ~2,000 TPS (real throughput questioned in public reporting); Solana docs/explorers (~65,000 theoretical vs ~1,000–3,000 real non-vote); other PoW figures are approximate protocol capacities.
| Chain | Block reward (now) | Next change | Final supply | Notes |
|---|---|---|---|---|
| 3.125 BTC | 2028 → 1.5625 | 21,000,000 BTC | Halvings every 210k blocks (~4 yr) | |
| 6.25 LTC | ~2027 → 3.125 | 84,000,000 LTC | Halvings every 840k blocks (~4 yr) | |
| 10,000 DOGE (fixed) | never | No cap | Perpetual inflation, ~5.26 B DOGE / yr | |
| ~0.6 XMR (tail) | fixed since 2022 | ~18.4 M + tail | Tail emission 0.6 XMR/block forever from June 2022 | |
| 3.125 BCH | 2028 → 1.5625 | 21,000,000 BCH | Inherited BTC’s halving calendar at the 2017 fork | |
| 1.5625 ZEC | 2028 → 0.78125 | 21,000,000 ZEC | Halvings every 4 yr | |
| 7.85100863 SOST (epoch 0) | block 131,553 (~2.5 yr) | 4,669,201 SOST | Continuous decay q = e−1/4 ≈ 0.7788 per epoch |
Bitcoin and its derivatives use discrete halvings. Monero and SOST use continuous decay. Doge does not decay at all (perpetual inflation). Monero’s tail emission means its supply has no asymptote — only a curve that flattens to a constant absolute issuance.
| Chain | PoW algorithm | Dominant hardware | Retarget | Notable design |
|---|---|---|---|---|
| SHA-256d (double SHA-256) | ASIC | Bulk every 2,016 blocks (~14 d) | The original. Stateless flat hash. | |
| Scrypt | ASIC | Bulk every 2,016 blocks (~3.5 d) | Scrypt holds a 128 KB working buffer; ASIC-friendly since 2014. | |
| Scrypt (merge-mineable with LTC) | ASIC via LTC | DigiShield (per-block) since Feb 2014 | Security tied to Litecoin’s merge-mined hashrate. | |
| RandomX | CPU (deliberate) | LWMA (per-block, 720-block window) | CPU-oriented VM with JIT execution of randomised bytecode programs and a multi-MB-class dataset/cache plus per-execution scratchpads. ASIC-hostile by construction. | |
| SHA-256d (same as BTC) | ASIC | ASERT (per-block) since Nov 2020 | Per-block since the post-fork DAA bug of 2017. | |
| Equihash 〈200, 9〉 | ASIC (since 2018) | DigiShield-like (per-block, EMA) | Originally GPU-friendly memory-hard; ASICs reached the chain by mid-2018. | |
| ConvergenceX | CPU + 8 GB RAM | cASERT (per-block, avg288 + E/B/H equalizer profiles) | Native, original algorithm — not a fork. Solves a 32×32 SPD linear system across 100k sequential rounds of integer-only gradient descent and proves the solution sits in a stable basin (Proof of Irreversible Convergence). 256-op per-block program. 4 GB dataset + 4 GB scratchpad per mining thread. |
| Property | |||||||
|---|---|---|---|---|---|---|---|
| Hard cap | ✓ 21M | ✓ 84M | ✗ infinite | ✗ tail | ✓ 21M | ✓ 21M | ✓ 4.67M |
| Per-block retarget | ✗ bulk | ✗ bulk | ✓ DigiShield | ✓ LWMA | ✓ ASERT | ✓ DigiShield | ✓ cASERT |
| CPU-oriented PoW | ✗ | ✗ | ✗ | ✓ RandomX | ✗ | ✗ (was GPU) | ✓ ConvergenceX |
| Memory-hard footprint | ✗ | ~ 128 KB | ✗ | ✓ RandomX (multi-MB class) | ✗ | ~ partial | ✓ 8 GB total |
| Native (not a fork) | ✓ | ✗ | ✗ | ~ CryptoNight lineage | ✗ BTC fork | ✗ Equihash | ✓ ConvergenceX original |
| Constitutional reserve | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ 50% gold-linked |
| Default-private transactions | ✗ | ✗ | ✗ | ✓ ring + stealth | ✗ | ~ shielded opt-in | ✗ (E2E layer in DEX/Talk) |
| Hard cap derived from a math constant | ✗ | ✗ | n/a | n/a | ✗ | ✗ | ✓ Feigenbaum δ |
Comparison block last updated alongside the snapshot above. Tables refresh on each whitepaper revision.