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 | Rust (Wasm) |
| Cross-chain Compatibility (Interoperability) | Yes |
| TPS (Transaction Throughput) | ~2000 (in lab conditions) |
| Transaction Finality | ~3-4 seconds |
| Link to Explorer(s) | https://concordium-explorer.nl/mainnet https://ccdscan.io/ |
| Testnet Faucet | $CCD - Request via Concordium Wallet for Web $EUROe - Request via faucet |
| Figment’s Public Validator Address | Validator Id - 99044Validator Account Address - 44rTp9VCWjgTEQzUpsbaidMgT7m4DtKDbMavUHHSDF74HdZheN |
| Figment Staking Guide | Coming soon |
| Figment Supported MEV Relay | N/A |
| Recommended Wallet(s) | Concordium Blockchain Wallet, Crypto X Concordium Wallet |
| CoinGecko Profile | https://www.coingecko.com/en/coins/concordium |
Updated 11 months ago
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