CENNZ
CENNZnet
-3.26%
$ 0.00824574
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
- 572CENNZnet$ 0.00824574$ 9,894,887$ 49,0840 CENNZ-3.26%
CENNZnet. Price of cryptocurrency: $ 0.00824574
What is the name of the network? CENNZnet is a New Zealand built public network which is used to power decentralised applications.
How does CENNZnet work? There is a There is a dual token economy.
There are 2 token: CENNZnet.
The staking token can be used to block rewards. It can increase in value without changing the cost of using the network.
The gas is used to pay transaction fees. It's also a block reward payment. It will retain a steady value because it is designed to be stable.
Proof of Stake is the consensus mechanism.
A Proof of Stake consensus mechanism is used by CENNZnet. This is where operators hold their token in a particular wallet as security against their promise to perform their duties correctly. They will receive a reward if they perform their duties correctly. If they don't, the staked token will be slashed or fined.
There is governance.
CENNZnet is 100% on-chain and uses voting mechanisms. validators and operators are required to vote on proposals using a direct voting mechanism in order to achieve consensus. Automatic execution of voting results is built directly into the protocol.
There are pre-built modules. There is a DApp builders have access to core CENNZnet modules which give the building blocks to common functions.
NFT.
Users can mint and sell NFTs on CENNZnet without ever having to use a smart contract.
It's called CENNZX.
CENNZX is a spot exchange module that makes token exchange easy and seamless.
Generic asset.
Generic Asset protocol is used in CENNZnet's economy. The module allows for transaction fees to be paid in any asset, provided there is a CENNZX in-chain GAS exchange. The asset will be converted into the official gas token, CPAY.
Doughnuts.
The secret sauce of the CENNZnet is the Doughnut module. Doughnuts are proof of delegation. Permissions and rules can be carried between different networks without the need for a centralised server if we prove that one address delegates something to another address.
There was an Attestation.
There is an on-chain claim registry for digital identity use cases.
How does CENNZnet work? There is a There is a dual token economy.
There are 2 token: CENNZnet.
The staking token can be used to block rewards. It can increase in value without changing the cost of using the network.
The gas is used to pay transaction fees. It's also a block reward payment. It will retain a steady value because it is designed to be stable.
Proof of Stake is the consensus mechanism.
A Proof of Stake consensus mechanism is used by CENNZnet. This is where operators hold their token in a particular wallet as security against their promise to perform their duties correctly. They will receive a reward if they perform their duties correctly. If they don't, the staked token will be slashed or fined.
There is governance.
CENNZnet is 100% on-chain and uses voting mechanisms. validators and operators are required to vote on proposals using a direct voting mechanism in order to achieve consensus. Automatic execution of voting results is built directly into the protocol.
There are pre-built modules. There is a DApp builders have access to core CENNZnet modules which give the building blocks to common functions.
NFT.
Users can mint and sell NFTs on CENNZnet without ever having to use a smart contract.
It's called CENNZX.
CENNZX is a spot exchange module that makes token exchange easy and seamless.
Generic asset.
Generic Asset protocol is used in CENNZnet's economy. The module allows for transaction fees to be paid in any asset, provided there is a CENNZX in-chain GAS exchange. The asset will be converted into the official gas token, CPAY.
Doughnuts.
The secret sauce of the CENNZnet is the Doughnut module. Doughnuts are proof of delegation. Permissions and rules can be carried between different networks without the need for a centralised server if we prove that one address delegates something to another address.
There was an Attestation.
There is an on-chain claim registry for digital identity use cases.