Concordium
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 1 |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Concordium |
Token | Concordium - CCD (Ͼ) |
Native Token Ticker | $CCD |
Smallest Unit | |
ARR or APY | ~20% |
Max Supply | ∞ |
Delegation Requirements (Min-Max) | No minimum or maximum limit |
Stake Activation Period | Next Payday (~24 hours) |
Reward Distribution Period | Every Payday (every ~24 hours) |
Compounding | Automatic |
Compounding Frequency | Every Payday (every ~24 hours) |
Unbonding Period | 7 days (1 week) |
Lockup Period | |
Penalties and Slashing | Not implemented yet but in plan for 2024 |
Burn Mechanism | |
Validator Self-Bond Requirement | 500,000 CCD minimum |
Inflation | 4% annually, with the goal of reaching 2% in the long term |
Validator Set Diversity | Anyone can run a validator node as long as they fulfil the requirements. Check validators - HERE |
Governance Mechanism | On-chain Governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | ~2000 (in lab conditions) |
Transaction Finality | ~3-4 seconds |
Link to Explorer(s) | |
Testnet Faucet | $CCD - Request via Concordium Wallet for Web |
Figment’s Public Validator Address | Validator Id - |
Figment Staking Guide | Coming soon |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | Concordium Blockchain Wallet, Crypto X Concordium Wallet |
CoinGecko Profile |
Updated 3 days ago