Recently, many community members told the team of Domino network that they disappointed in the names being chosen for this new worldwide currency. These names need to be something clever about being a universal, comprehensive, omnipresent, all-inclusive virtual currency or something. Then most of them wish domino network can be changed.
Therefore, domino network changed its name to Silicoin Network and issued a new token SIT to restart after the voting of community.
Silicoin has been created from the combination of Silicon and Coin. Silicon is a chemical element with the symbol Si and atomic number 14. That is why the symbol of Silicoin will be SIT – Si Token. It is a hard, brittle crystalline solid with a blue-grey metallic lustre, and is a tetravalent metalloid and semiconductor. It is the second-most common element in the Earth’s crust. Pure silicon is an excellent semi-conductor, and it extensively used in integrated circuits and other electrical components. Using the latest silicon process node increases the power efficiency and the processing power of the bitcoin miner system. This is why bitcoin miner systems manufacturers continue to update their custom silicon mining chips. In other words, silicon can represent cryptocurrency mining industry in a way.
Therefore, silicoin network, an compound of silicon & coin, has a great dream that overthrow and rebuild the whole world of hardware mining. It means there is a new era of hardware mining once the project was born.