Whitepaper Breakdown
Canxium - $CAU | @canxiumchain
Section: Objectives | 🧵 1/6
🟣 Overview
This thread explores the Objectives section of the Canxium whitepaper, detailing its vision of expanding cryptocurrency accessibility and creating a decentralized, dependable coin capable of mainstream adoption.
To achieve this, Canxium addresses critical challenges that hinder cryptocurrency reliability, decentralization, and integration into everyday financial systems. Its objectives serve as a roadmap to redefine digital finance, emphasizing inclusivity, resilience, and efficiency.
⚪ Topics Covered:
▪️ Suitable Supply Model
▪️ Limit Mining Cost Volatility
▪️ Stability and Reliability
▪️ Accessibility and Usability
⚫ Each section post includes a TL;DR.
Let’s dive in! 🍻
🟢 Disclosure
▫️ This isn’t paid promotion.
▫️ I’m a holder of Canxium - $CAU.
▫️ Volunteering as a Canxium Community Advisor.
Update:
There are 30 deposits out of the total 164 needed to switch to PoS.
In order to speed up the process, Canxium Foundation will use 15,360 CAU to launch 48 validators, equivalent to 29% of the minimum number of validators.
This still ensures the necessary decentralization of the network. We will gradually withdraw and only keep a maximum of 16 validators when there are more validators from the community in the future.
Cryptocurrency is the future of humanity.
Canxium Coin $CAU is the most reliable medium of exchange in the cryptocurrency world. Indisputable.
✅ Decentralized
✅ Unlimited supply to meet demand
✅ Reliable constant mining cost
✅ The first generation of difficulty based reward
✅✅✅ Algorithmic Coin
$CAU is more than just a cryptocurrency.
Image by @FFFolies
After testing with the PraseOdy testnet, we found that 320 CAU and a minimum number of 164 validators are more reasonable and safe metrics.
So we decided to change, you need a minimum of 320 CAU to become a validator, and the network needs to reach 164 deposits to be able to switch to PoS.
We will soon open the deposit portal for mainnet in the near future, possibly right after listing on the TOP12 exchange.
It is expected that there will be about 1m CAU in circulation by the end of this year. If 50% of CAU is staked, there will be about 1562 validators, this is a very reasonable number, not too many to slow down the network or too few to be vulnerable to attack.
Introduce PraseOdy Hybrid Testnet
We have launched a new testnet, named #PraseOdy, and have successfully migrated to the #hybrid blockchain at block 43603
This testnet has included every important features, including offline mining. We will soon do a final test before sending it for an audit company.
Testnet Name: PraseOdy
Chain ID: 30203
RPC: https://t.co/HHPlIu2Or9
Scan: https://t.co/cOyL1V6u57
Hybrid Scan: https://t.co/OXkhNyQHFy
First PoS slot: https://t.co/LOtda52ySP
First PoS block: https://t.co/8UdKCizeVc
Previous testnet (Cerium) will be removed within 1 week
We will allow CAU deposits on mainnet shortly.