Generalize
Information
Information
What is Concordium?
Concordium is a public-permissionless layer one blockchain with leadership from Volvo, IKEA, Credit Suisse, and more. To date, it has raised 52M EUR, and partnered with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler. Concordium embeds encrypted ID into every on-chain transaction, making it part of ID credentials available to smart contracts, whilst preserving privacy. But why does ID even matter? In the next decade, every person and company will use decentralised services in order to verify almost everything on the blockchain. Modern pioneers are trying to build for this mass adoption of Web3, however, they need trust to make it all work. Whether we are online dating, gaming, or trading, we need to know who the other person is. With a built-in ID layer, people and companies will be able to verify one another in confidence, while remaining private, to conduct safe transactions on the first blockchain that will unlock a global, multi-trillion-dollar economy. By leveraging zero-knowledge proofs, Concordium is able to provide users complete privacy while using the blockchain, and ensure accountability. With a unique finality layer, Concordium makes it impossible for rollbacks to happen. The platform's native coin, CCD, is used for paying transaction fees, staking, rewards for node operators, and as a collateral/settlement medium for Concordiums DeFi landscape. The team consists of key leadership with significant experience that have both built and worked at some of the largest companies in the banking, finance, and crypto industry, and are now scaling the chain to their extensive network of the world's biggest enterprises.
Answers
What Is Concordium (CCD)?
Concordium is a public-permissionless Layer 1 blockchain that embeds encrypted ID into every on-chain transaction, enabling identification at a protocol level. It is designed to balance privacy with accountability through its ID layer. The project aims to make it easy for businesses to integrate blockchain technology while emphasizing regulatory compliance. Users can maintain privacy using zero-knowledge proofs. Concordium has raised 52M EUR and partnered with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler. The native cryptocurrency of Concordium is CCD, used for transaction fees, staking, rewards, and settlement in Concordium's DeFi landscape.
Who Are the Founders of Concordium?
Concordium was founded by Lars Seier Christensen, the co-founder and former CEO of Saxo Bank. The company has a team of over 30 experts, including the Foundation Board, Science Team, Technical Team, Operations Team, and Advisory Board. Notable team members include Professor Ueli Maurer from the Swiss Federal Institute of Technology and Professor Ivan Damgård, co-inventor of the Merkle-Damgård cryptographic hash. Key C-level team members include Group CPO/CTO Kåre Kjelstrøm.
What Makes Concordium Unique?
Concordium stands out with its built-in identity layer, providing users with self-sovereign identity while maintaining a balance between privacy and the need for identification. On-chain transactions are carried out privately using cryptographic means. The platform also offers a powerful execution environment for smart contracts and digital financial primitives, high throughput, low transaction costs, and a regulated DeFi Lab. It utilizes a dual consensus mechanism with Proof-of-Stake for operators and Byzantine fault tolerance for finalizers.
What Is the Circulating Supply of CCD Tokens?
The CCD token has a total supply of 11,568,824,325 CCD tokens with a current circulating supply of 6,836,607,809 CCD.
Where Can You Buy Concordium?
Concordium (CCD) tokens can be purchased on exchanges such as BYDFi, Bitfinex, AscendEX, and MEXC.
New to the crypto space? Read more on how to buy Bitcoin and other crypto.
Coin ranking
Popular Q&A
- Can you provide insights into the future prospects of CCD on NASDAQ? What factors may influence its performance and what are the potential opportunities and challenges it may face?2021-12-24
- Can you provide a detailed explanation of CCD Coin and its function in the cryptocurrency market?2021-12-24
- What are some of the potential advantages and benefits that investors can expect when investing in CCD Coin?2021-12-24
- I'm interested in buying CCD Coin, but I'm not sure where to start. Can you provide some guidance on how to buy CCD Coin and recommend the best platforms to do so?2021-12-24
- Can you please provide a detailed description of the key features and unique selling points of CCD Coin? I'm interested in learning more about what sets it apart from other cryptocurrencies.2021-12-24
- Can you provide an analysis of the future prospects and growth potential of CCD Coin in the digital currency industry? What factors contribute to its potential success and what challenges does it face?2021-12-24