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Global GDP Off-chain
Global Economy on Concordium
World Economy GDP 2022
Blockchain Global GDP by 2030
To migrate global business to blockchain, enterprises need a trusted, public chain, with all the benefits of a private one. They need to know that the user on the other end is a real, verified person. That person also needs to have their ID private. This can only be done with ID framework giving both parties what they need. Concordium enables anyone holding CCD to stake it and earn rewards each time a transaction takes place providing enterprises a safe and secure network to do business.
Build on CCD
Concordium is a public-layer 1, science-backed blockchain, designed to balance privacy with accountability through its ID layer. The protocol level ID, ensures that every wallet is associated with a real-world identity that has been verified through a third party ID provider, so that people and companies can trust one another, while remaining private, with zero-knowledge-proof. With safe transactions, Concordium can unlock a global, multi-trillion-dollar economy, so bankers to regulators actually want to use blockchain. For DeFi degens, metaverse players, and gamers, we will all need to know who the other person is for blockchain to truly become global. It starts with trust, and with Concordium, this dream can actually become reality. We believe that making ID credentials available to smart contracts, whilst preserving privacy, is key to the mass migration of web2 to web3 and beyond. Our native coin, CCD, is available for purchase here, and is used for paying transaction fees, staking, rewards for node operators, and as a collateral/settlement medium for Concordium’s DeFi landscape. With leadership from Volvo, IKEA, Credit Suisse, and 52M EUR raised to date, the team are now scaling the chain to their extensive network of the world's biggest enterprises.
Let our blockchain visionary Lars Seier Christensen explain
Talented devs and exceptional projects are creating trusted metaverses, NFT projects, and much more using the encrypted ID unique to Concordium.
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Offers your customers financial instruments without relying on centralized intermediaries by using smart contracts on blockchain.
Authenticate, register, claim IP through trust services to ensure, stamp, and authorize documents, accounts and ownership.
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Consensus |
PoS |
PoW, PoS is coming |
PoS+PoH |
PoS |
NPoS |
ID Framework |
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Time to finality |
Average 11 seconds |
Probabilistic |
Average 13 seconds |
Probabilistic |
Up to 60 seconds |
Smart Contracts |
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Average transaction fee** |
$0.01 Stable/pegged to Euro |
Not stable/pegged to value of chain token |
Not stable/pegged to value of chain token |
Not stable/pegged to value of chain token |
Not stable/pegged to value of chain token |
Sharding |
In Development |
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Parachains |
*Solana’s TPS can be misleading — it counts internal consensus messages as transactions, which no other blockchain does. Roughly 80% of Solana’s throughput is consensus messages. Source: medium.com/@sudogm
** Average fee for a simple transaction
*** before sharding
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