Concordium Ccd Price USD

Concordium is a public, permissionless, layer one blockchain that is led by companies like Volvo, IKEA, Credit Suisse, and more. So far, it has raised 52M EUR and partnered with Geely, a global automaker that owns a part of Volvo Cars, Volvo AB, and Daimler. Concordium encrypts the ID of every on-chain transaction. This makes the encrypted ID a part of the ID credentials that smart contracts can use while still protecting privacy. But why is ID so important? In the next 10 years, everyone and every business will use decentralised services to check nearly everything on the blockchain. Modern pioneers are trying to build for Web3 to be used by a large number of people, but they need trust for this to work. We need to know who the other person is when we're online dating, playing games, or trading. With a built-in ID layer, people and businesses will be able to verify each other with confidence while staying anonymous. This will allow safe transactions on the first blockchain, which will open the door to a global economy worth trillions of dollars. By using zero-knowledge proofs, Concordium can give users complete privacy and accountability while they use the blockchain. Rollbacks can't happen with Concordium because it has a unique finality layer. The platform's native coin, CCD, is used to pay transaction fees, stake, reward node operators, and as collateral/settlement medium for Concordium's DeFi landscape.

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